Upset at the post office? mail a coconut!

I have never had a problem with the post office, but if I did, I would follow the example of these people in Florida, who had an interesting way of protesting their local post office being shut down.


Apparently, it is acceptable to mail coconuts without any packaging.  It costs a little over $4 to do so, and is a nuisance for mailmen to handle.   Thousands of coconuts were mailed to John Potter, the Postmaster General.

Cyberbums

I knew this was coming....I saw it coming last year when my land lady brought a homeless person into our house, and he spent 12 of the 24 hours of the day facebooking.  I admit, it was a bit embarrassing that he had more facebook friends than I did.  Shortly after finding an exit to Thailand, he released a series of hilarious facebook videos of him singing justin timberlake songs...no joke. 


Sites such as: Begslist, CyberBeg and DonateMoney2me.com all aim to give panhandlers a forum to beg for money.  Some of the sites, ironically charge up to $45 a month to be a member, but according to NPR, some of the appeals are very "heart wrenching."


The problem I have with this is that there are enough of internet scams going on, and these forums just provide a new venue for these crooks.  Living in Venice, I deal with homeless people daily, and fortunately they all realized my modest wealth, and no longer as me for money.  But the truth is, I have a personal bias against giving homeless people money.  One particular homeless man in SF swindled my roommate into helping him out, only to steal my 2 week old laptop.  Either him, or the dozens of people that have bought or sold the laptop since, could be using it for begging on these sites.

However, for the hardworking families that have been hit the hardest by the economic crisis, perhaps some good can come out of this.  It is a bit more private, and less degrading than panhandling on the street.  Personally, I would prefer to donate money (if I had any) to a site more like Kiva, that gives microloans for people trying to start a business, however most of these sites help people in foreign countries. Helping American people keep their houses and buy their childrens books are very noble ideas too.

Just as long as its a scam.  At least they already have computers, and won't try to steal mine again.

-Hyderbadass

Accountants in the supreme court

There is a huge trial going on in the Supreme Court that will drastically impact business in the US.  After the corporate scandals and accounting fraud from the Enron days (2002), Sarbanes-Oxley (SOX) act was passed  to protect investors from being lied to again.  There has been controversy surrounding this law since was passed, The Wall Street Journal estimates the law costs our economy $1 trillion since it was passed, and that 20% of public companies were considering going private because of SOX.

The trial is between Free Enterprise Fund v. Public Company Accounting Oversight Board and an accountant named Brad Beckstead.  Beckstead believes that the governing board should be appointed directly by the President, not the SEC, turning the issue into a separation of powers issue.  If the court rules in Beckstead's favor, than the entire SOX law will be brought down, because it does not have a "severability clause" (law is invalidated if one clause goes down)

It will be interesting to see what happens with this.  It is generally agreed upon that SOX was put together hastily after the scandals in the early 2000's, perhaps to restore investor confidence. None the less, the intention seemed to be for the welfare of the economy and the vital investors that keep it afloat.  Rahm Emmanuel had mentioned taking actions to reform the act, to help small businesses out.  If SOX goes down completely however, there might be a window of opportunity for creative accountants to take advantage of the lack of regulation..  There could be terrible consequences to the recovery of the economy if certain people get greedy again.  I am interested to hear from accountants how they feel about this....I am guessing that there will be mixed feeling, as I understand many jobs were created in auditing from the law, but it has also seemed to be a nuisance to professionals in the industry.

Outside of this accounting issue, I am not convinced that corporate crooks are finished with trying to destroy this country for their personal profit......While flying home for Thanksgiving, I read about what is UBS is doing to Detroit , kicking the city when it is down, cashing in on $400 million break-up fee from an unethical "exotic derivitive" investment it swindled the city into.  Detroit is now spending $4.2 million extra a month to pay this debt, before they can spend a dime in education, city utilities, or any recovery effort to try to fight the 28% unemployement rate.  This is going on all over the place, and I personally am disgusted to hear about it.  Weren't these the same financial institutions that were begging for tax money to bail them all out?  Why am I not getting text messages from CNN at 5am about this kind of stuff, but instead getting constant updates about Tiger Woods love affairs?

A quote from a phenomenal movie NETWORK is appropriate here,
"I'm mad as hell and I'm not going to take this anymore!"

Dolphin Wars

Russia is still trying to "one up"  America, recently acknowledging that they need to catch up to our Navy when it comes to militarized sea mammals.  The US Navy apparently employs both sea lions and our beloved "Flipper" for two main reasons:
1) look for underwater mines
2) keep a look out for an underwater swimmer terrorist attack.

Dolphins are trained to use strobe lights to point out the bad guys, however sea lions, those smart little buggers, are armed with cuffs to restrain intruders.  As an advocate of swimming in the Pacific Ocean at any opportunity, I was saved from an attack from the SF bay "rogue sea lion" thanks to San Francisco traffic a few years ago.  My respect for this animal has since been restored.  One question, what regulation will oversee these new soldiers for interrogation and torture methods if they actually catch an enemy, we don't need another Guantanamo Bay PR disaster.

So, in the past month, all I have heard about the Russian military is that they are planning on blowing up clouds with their air force, and using their navy to train more dolphins and sea lions.  Very interesting....

Food for thought - via a truck

The social media guru, Mike Prasad behind Kogi BBQ spoke at my campus, and it was a fascinating perspective on how a start-up in a new industry can leverage the power of this communications channel to grow a business, and defend itself from large competitors.

The companies founders had noble intentions - to bring the street food culture from Korea to the streets of Los Angeles.  Once has resulted has been a revolution in the restaurant business, with 30 similar trucks, including a "masala dosa" truck in Santa Monica among other cuisines.  By using social media to have conversations that couldn't take place in any other medium, the businesses can evaluate demand around the crowded city of LA to determine where to send their trucks.  People wait in line for hours for the food, musicians have been known to debut their new songs at the truck locations, and it has turned into a fusion of food and LA culture, while giving people access to a new cuisine of food at a very low price point.  As a driver in this city, I love the idea, considering I avoid driving places at any cost, and having a delivery truck possibly come to my neighborhood from collective demand, it is just a win-win overall. 

In his presentation he mentioned fighting Baja fresh via blogs, tweets, and eventually proper journalism once thousands of people were tweeting about how Baja ripped off Kogi BBQ.  I haven't been too fond of twitter historically, but his presentation definitely shed some new light on the site.  The strategic steps taken to protect a company that couldn't afford lawyers to defend them from an unethical attack from a corporate machine was the highlight of morning.

Also - I am now following Kogi, so that I can catch their truck for lunch, because the food is indeed delicious.


@hyderabadass

Entrepreneurship in Academia

Some of the best classes I have taken in business school have been entrepreneurship classes - Dr. Grossman's Technology Commercialization, Managing New and Growing Businesses that teach comprehensive approaches to both written and "living cases." (living cases involve working directly with a CEO or leaders with notable organizations) Next semester I will be taking a class with the CEO and Founder for Kinkos, Paul Orfalea.  The course is open to a select number of students by invite only, and will be my first MBA class that is not taught by a prof with a Ph.D.  Other classes I plan on taking are Social Entrepreneurship and Entrepreneurial Finance.


I believe that there is a cycle to entrepreneurship, and the ideal cycle in my situation seems to suggest two stages take place in Academia.   The first stage is my current graduate education.  The second is a possible future in teaching and higher educational research  .   Pre-MBA, I believed there should be a experiential stage between these two, so that the second stage serves value to others, at least in Entrepreneurship.  However lately I have found myself challenging this belief, and considering an immediate transition into Academia as a professional, and pursuing a Ph.D.  Of course, a Ph.D is not needed to educate others, (Orfalea is an example of this) however it seems very few other approaches gain the credibility needed to be successful (outside of the irregular $200 million sale of a company).  


The transition from industry to a classroom had a learning curve, and I can only assume that if I delay higher educational pursuits, I will face more of these.  However, I am still weighing the pros and cons of such a decision, more importantly trying to understand the value of entrepreneurial studies in an academic environment to society, and most importantly, whether my skills and passions align with it.


Affiliation with a research-intensive university for 4 years also provides a wealth of resources to explore ideas, and possibly even pursue entrepreneurial ventures within the confines of the curriculum.  Dr. Kiesner from LMU is considered a pioneer in building Entrepreneurship into Business School curriculum, and is known for unorthodox methods.  Further, at the Social Innovation Fast Pitch event at USC, 2 of 6 judges were professors, who have been and continue to be very involved in industry.  Microfinance as we love it today was developed by a professor (Muhammad Yunus), who won the Nobel Peace Prize.  His career is full of entrepreneurial ventures on the side, and is certainly something to be admired.  In his case, however, the majority of his contribution to the industry came after becoming a professor.  


These type of role models have caused me to ponder how long I should wait before becoming an educator.  On one hand, I might lose the entrepreneurial spirit after 4 years of intense study, and several more of research and teaching to secure tenure and never carry out any of my ideas.  On the other hand, the educational experience may be enlightening and an engine of newer, more innovative ideas that can be executed through different channels (educational grants, community involvement, published properties, or ideally for me - film).  Somewhere in the middle is the concern if I will be qualified to be an educator at such a level.  Certainly I am not right now, but I have to imagine that I need to plan ahead somewhat so that I am ready when the time comes - a Ph.D program takes 4 years.  


Perhaps the key element to all of this is timing.  Business ventures can be a careful formula of a brilliant idea and exceptional management yet still result in failure,  Every successful entrepreneur I have spoken with or studied credits timing - which involves a stroke of luck among other things.  Perhaps a person's decision to become a successful educator in entrepreneurship depends on how they time such a venture in the larger schedule of their life experiences.  As inspirational as it is learning from a professor full amazing experiences , it is arguably more discouraging taking a  class with a professor full of experience but with exhausted insights and a jaded attitude.  Sometimes these professors can have the appeal of a former hometown hero quarterback that never moved on past highschool.   


I suspect that if timing is the critical factor for success, then it will be extremely important to surround myself with the right people and environment to be able to hear the calling and respond accordingly.  Possibly I am hearing it now, and I just need to think through some of the beliefs I have established - It may be unnecessary for me to be a successful entrepreneur to be a successful entrepreneurial academic, Maybe I need to ask the following questions -  Will I have time to both explore my ambitions and teach about the journey? Will higher educational studies be the only way for my mind to generate such ideas? Will higher educational studies prevent me from being able to execute any idea at all?  


When asked in 2003 about how he felt about a lawsuit and having ties cut with Clayton Dubilier (Kinkos buyout firm), Paul Orfalea responded - 


"It's been agony, and I won't miss the business or Clayton, Dubilier," says Orfalea, who now devotes his time to building day care centers and teaching a course at the University of California, Santa Barbara, his alma mater. "I'm building day care centers. I like teaching school. I have a life. I've got better things to do." 


There are other quotes that describe his pride in building the company from UCSB's campus in an office so small " the copy machine had to be lugged out onto the sidewalk" to nearly 1800 stores, that sold for billions to FedEx.  I am extremely excited for the class on several levels, as a student, entrepreneur, and aspiring educator.  


-J

NOVICA

This company is awesome!  They took a terrible system of import/export of international art, and opened up the marketplace to give local artisans control over their business, and the result has been a successful online business that brings thousands of remarkable products from around the world to consumers.  Based out of LA, their mission reads:

"We want to give artists and artisans around the world a global platform to express their true artistic talents and to spur their creativity. And, we want to provide you with access to unique, hard-to-find items at great values that only the Internet infrastructure can allow......NOVICA. The World is Your Market."

Check out their website, certainly a great spot for holiday shopping.

J

Bombs over Moscow

$6 million will be spent on a Russian air strike.....striking the air to fend off snow clouds. Yes, our friends across the pond estimate that they will save $4 million by blowing up these frozen crystals in the sky before they pile up on the ground and need to be shoveled. The madness is set to start November 15th, the Russian Air Force will spray dry ice, cement, or silver iodine to create immediate precipitation.

Cloud seeding has been tested historically internationally since 1947, and was even used in the 2008 Olympics, as well as on Moscow's two main holidays. It is done at a few ski resorts in the US and Canada, and there seems to be a worry for threats of "cloud stealing" between rival nations desperate for rainfall. India and other Asian countries have used cloud seeding to improve air quality by forcing more rainfall.

Yury Luzkhov, Moscow's mayor, is being met with an obvious protest against this. Could this plan be the future for creating a pre-irrigation strategy to manipulate rainfall, or does this Russian just have his head stuck in the clouds promising a "winter without snow?"

J

Entrepreneurs are easily inspired

I think it's in our nature to be moved after hearing the struggles, failures and successes of others entrepreneurs.


Today I listened to 30 social entrepreneurs in LA pitch their causes to a room full of us coaches and volunteers in preparation of the LA social venture's "fastpitch" contest.

I arrived to the event about ten minutes late, not because of the reputable "Indian standard time" but instead because of traffic jams from driving across LA that reminded me if only two possible places- Bombay and the infamous Hyderabad. Nonetheless I quickly realized that I made the proper decision to involve myself with this event and gained comfort that my idea for filming a documentary around it is very possible. What I witnessed today in the USC library conference room was something magnificent. Seasoned leaders humbled themselves after years of putting their hearts and souls into a cause to convince a room in 3 minutes they were ready for funding. This was a coaching session for an event 3 weeks away - I felt like Simon from American idol a few times with my critiques however the overall vibe was extremely supportive. When a pitcher got nervous and blanked out the room did their best to help them get comfortable so that they could regain composure. It struck me as odd watching so many aspiring civil servants compete against each other. Furthermore the level of class with the people in the room is something unmatched in my limited experience in business. I am just glad that I am not the judge who has to pick one of these many passionate entrepreneurs to fund their selfless cause to make LA a better place. There are some very clever ideas in this sector and my passion for social entrepreneurship was fueled today.

I left the event to drive across town for my MBA class "managing new and
growing ventures". The class has one of my favorite professors of all time but she has absolutley no tolerence for lateness in her classes and therefore I risked several traffic violations to make it in time for class - afterall her brother did fly down from the bay area to speak at our class tonight.

I made it in time for one of the most inspiring/disturbing/strangely familiar story I have heard.

This CEO spoke about a 9 year venture that truly pushed the limits of a new entrepreneur. Mind you, two hours before 30 mother Theresa's were pitching me on startups that were designed to save childrens lives, raise literacy rates, fund the arts, and save our beautiful oceans. Now I was in a classroom listening to a man who left a comfortable job just days before his son was born to start a company with his best friend who he later fired along with firing his father and 100 other employees months during the dotcom bust. Months before he regrettably refused a multi million dollar buyout. As cutthroat as that is, his business decisions - which we were fortunate to hear in a very detailed and logical presentation, were somehow absolutley sound. This was an entrepreneur who initially turned down half a million dollars to keep his best friend and founding partner in the company. (2 years prior to firing) Every decision he made was carefully calculated and although he admits that they are neither right or wrong- given the circumstance I agreed with each one. perhaps the most moving quote he shared was one regarding the autonomy entrepreneurs seek when they choose to start their own company. He stressed that this is a common misconception and in fact we entrepreneurs lack control of our environments and are similar to floating kayaks in a sea of large ocean liners - being pushed back and forth between their waves.

This has defintely been the hardest lesson for me over the past few years and through this mans humble account of a decade of experience, I have come to understand my own struggle in this chosen career. I got into this business thinking I could call the shots but quickly learned the power of financiers, competition, platforms like apple iTunes and other stakeholders.

He exited one venture mildly successful - diluted his and founding partners/investors shares to almost nothing. However after what seemed to be the 20th change in business models, he made a power play, against the initial opinion of the board, and directed a profitable exit for the company.

Perhaps my first venture may someday be looked as a failure. Tonight I gained a tremendous amount of inspiration that I am in the company of very intelligent and successful people who have also had years of hardships. I am comforted however that success is a lifelong challenge. These rolemodels of mine don't define their success by any one successful venture. They in fact prefer thinking about their losses over their wins. Perhaps because they are easier to understand - many succesful entrepreneurs are quick to admit the starring role of luck in their successes I know I've certainly made my share of mistakes however i can look back at this early journey and stomach each loss with the assurance that "it's not for nothing". I don't know if I will ever be successful enough to be able to hire and god forbid fire my own father, but it's going take something major to extinguish the fire in my belly right now. I will continue to embrace the uncertainty of the future of my entrepreneurial pursuits knowing that as a failure I will be in the company of many legends, and by succeeding in survival i will hopefully avoid the comfort of quitters.

J

As previously mentioned - I lack Internet at my house, but wrote this post from my phone. Please excuse any typos.



Sent from my iPhone

Neglected Blog

Here is an explanation of what happened between April - October.

April - August - I worked with the CEO of Ranker.com to launch their website. 2 hour a day commute to Hollywood from West LA, too many hours looking at computer screens, 10 week struggle with Apple to get our iPhone app update accepted for the 3.0 OS, started playing bass guitar for a band in Hollywood.

August - Present - moved to the beach next door to Willie Nelson in a tiny studio with no internet. I have been focusing my writing into music, and am on a bicycle the rest of the time when I am not working on the app or studying. I have consulted 3 other start-ups since the summer, and am figuring out what to do for 2010, and post MBA graduation in May. Currently really into the social entrepreneurship sector, and reading "How to change the world: social entrepreneurs and the power of new ideas" By David Bornstein. I will be going to Prague, Munich, Zurich, and Milan from May-June to conclude a 1 year research study in this field by interviewing local entrepreneurs and stakeholders in Europe. The exciting part of this new interest of mine is constantly reading about successful case studies from Indian social entrepreneurs.

Conclusion: The future of this is unknown. I may post in it here and there. Maybe I'll the and write posts for the 180 days I missed. Just maybe...

Recession Inventing

Let's deal with this current pirate crisis and start moving forward again as a civilization. Its amazing that with all the accomplishments humans have had throughout the years, we are so helpless in the ocean. NFL players drowning at sea, shark attacks, hurricanes demolishing cultural landmarks, and Somalian fishermen shaking the planet up by seizing a US ship. I have been upset about the pirate problems for years now, trying to figure out a safe way to film a documentary on the phenomenon. But now it is something everyone is interested in, and there is sure to be a blockbuster movie made about it.

Heres to the future - 3D printing, miniture medical devices, biofuels, smarter phone apps, electric cars, on demand entertainment, nanotechnology, cancer cures, gadgets powered by human bodies,

-Jason

Bollywood Bargaining

Over in India, negotiations and bargaining have always been a part of local culture. Bollywood is no different. Indian movie producers and distributors are playing "hardball" with big theatre chains, refusing to release any new movies unless they get half of ticket sales revenue (during the first month of the release.) The industry has been suffering in recent months, and producers are having a tough time getting financing for new movies. This slum-dog-millionare-badass hasn't seen a good Bollywood movie since I was in Hyderabad, and is very disappointed to hear about the cinematic slump in Bollywood. Hopefully both sides can reach an agreement.

-Jason

Google Ventures

It's no secret that VC funds have been dry in recent months. Last quarter, not a single VC backed business went public with an IPO, and overall its a frustrating time for entrepreneurs trying to raise capital for their start ups.

Google is adding another division of their rapidly growing business, and has a $100 million fund for start-ups.

“At its core, Google Ventures is charged with finding and helping to develop exceptional start-ups. We’ll be focusing on early stage investments across a diverse range of industries, including consumer Internet, software, clean-tech, bio-tech, health care and, no doubt, other areas we haven’t thought of yet."

This is a good move for Google, and a breath of fresh air for the entrepreneurial community. I am interested to see what projects get funded by this.



-Jason

"Hump thru the slump"

A leading dating site has found its match. This recession has helped Match.com realize a 26% growth in membership from last year. Existing users are also using the site more often. It makes sense, online dating is probably cheaper and more efficient than offline. People can screen and filter each other out, avoiding disaster dates and interpersonal encounters that cost money.

Some friends of mine started a dating site in Chicago that is blowing up, called CrushMe.com. They are Michigan entrepreneurs, MSU alumni, and have a fresh approach at online dating. Rather than focusing on the compatibility testing and long profile descriptions, its a site based on pictures. The tagline is "it all starts with a look." Check it out. They are always throwing parties around in the windy city.

If you read part 1 of this blog, you would have certainly heard about my beloved Tata Indica that transported me around the dreadful streets of Hyderabad. Satyam drove it like a champ, and it played an instrumental role in my adventures. If you want a Tata for yourself, you no longer need to go to Hyderabad, or anywhere else in India for that matter. The Tata Nano might start selling in the US in 2011. It is the world's cheapest car, selling for a mere $2500, allowing many Indians to own a car for the first time. Check back in 2 years to see if the imports come with a Satyam-like driver.

-Jason

Badass is back

One year vacation from posting in A Hyderabadass - complete.

It was intentional. I needed to unwind. The adventure was intense, but the intensity is long missed. Thanks for everyone who read the blog, commented or emailed and supported me through the trip. Some people might be wondering what has been going on with The Hyderabadass, TheWedLink, and Satyam. Fear not, answers are on their way.

This is the second chapter of the story

The world has changed so much since my temporary sabbatical from the blog-o-sphere. I don't really know where to begin. TheWedLink just launched an iPhone application on iTunes. 2008 was a challenging year for us just like everyone else. I will recap our outsourcing experience and a true review about Threshold in the times to come.

As a mirror of my own life, this blog may lack focus, direction, structure, or timeliness. It is passionate however, and the writings will continue to be optimistic for the future. Success stories that I hear about during the recession will always be posted, so please email dmelloja@gmail.com every time you hear one. Lets let the failing newspapers talk about bankruptcy, foreclosures, unemployment, and heartbreak for now, and just focus on the good, badass stuff here.

Yours again,

Hyderabadass