What it actually takes to make it as an entrepreneur ?

A piece of modern art hangs on the wall within Communitech in Kitchener's historic Tannery District in Kitchener, Ontario, March 18, 2014. Kitchener, historically the blue-collar twin to the university city of Waterloo, is today home to chic offices such as the Communitech building - a converted brick structure in the the historic Tannery District, adorned with modern art, which acts as an unofficial clubhouse for many small tech companies. Picture taken March 18, 2014. REUTERS/Euan Rocha (CANADA - Tags: EDUCATION SCIENCE TECHNOLOGY BUSINESS) ---- (Euan Rocha/Reuters)

A young male who was born to be an entrepreneur drops out from a computer-science program at a prestigious university.  He meets a powerful venture capitalist who is so enamored with his idea that he gives him millions of dollars to build his technology.  Then comes the multi-billion-dollar IPO.

That’s the Hollywood version of Silicon Valley.  But it is as far from reality as is Disneyland.  Entrepreneurship is never that easy and the stereotype of the startup founder is not representative of the technology world.  Yes, there are a few, such as Mark Zuckerberg and Bill Gates, who made it big.  But they are the outliers—and they too don’t fit the stereotype. Here are six myths about what it actually takes to make it: Continue reading

200 Ways to Make Money From the Internet

200 Ways to Make Money From the Internet

As the name might imply, there are a lot of items on this list of ways to make money from the internet (over 200 to be more specific), so be prepared for a lot of scrolling because this is one seriously long infographic. That being said, there’s nothing wrong with a long infographic if there’s plenty of useful information in it -and there certainly is in this great graphic. Continue reading

Brijmohan Lall Munjal: A Hero for Life

Brijmohan Lall Munjal
Founder director and chairman, Hero Motocorp
Age:  90
Interests outside of work: Yoga, movies
Why he won this award: For building Hero Group into the world’s largest cycle-maker and Hero Motocorp into the world’s largest two-wheeler manufacturer (by volume) and now rebuilding it after the breach with Honda

Brijmohan Lall Munjal is no stranger to adversity. For a man who found his feet in post-Independence India and, today, has a personal wealth of more than $2.2 billion, he would have faced challenges of varying hues and magnitudes. But, even for the battle-scarred nonagenarian, nothing would have compared to the events of two years ago. Continue reading

The Secret to Staying Married While Starting a Business

If you want to keep your marriage intact and create a successful business, listen up. It takes work. It takes setting boundaries. It takes love. Here are four key lessons I learned over the years: The Secret to Staying Married While Starting a Business

1. Know that the world does not revolve around you or your idea. Yes, you’re excited. Your passion is what motivates you! But that doesn’t mean everyone around you wants to hear about it all the time. If your partner or children ask you how your day was, try to keep your reply short. If they want to know more, they’ll ask. And by all means, then tell them. But, tempting as it might be, don’t let your business take over your dinner conversations every time you sit down with your family. And make time to sit down for a meal with them. Continue reading

How Paypal and Reddit faked their way to traction

When “faking it before making it” actually works

There were several factors that contributed to YouTube becoming the #1 video sharing service on the web. But a lot of initial adoption was driven by the fact that it had pirated content hosted on it. If you wanted to watch the latest episode of Lost for free, YouTube was your best bet: no queued downloading through torrents, just stream it from the server. Kim Dotcom noted how pirated content was driving YouTube’s adoption and figured that seeding some of that could unlock traffic forMegaUpload. It definitely worked. But playing with pirated content, somebody was bound to get burnt. MegaUpload went under when it was alleged that the pirated content was, unlike the YouTube case, a deliberate part of the platform’s strategy. Continue reading

Every CEO should celebrate developers as much as Ballmer did

This is admittedly painting with a very broad brush, but as much as we fetishize the hustlers, developers are the intellectual properties on which our industry runs.

It pisses me off when founders treat devs like disposable commodities to be worked into the ground and when they pay them peanuts and don’t turn over a little equity. When large companies treat developers like the very fact they got hired is a privilege, then proceed to treat them like code monkeys until the devs are forced to quit out of exhaustion, frustration, and boredom. Continue reading