The Mom Song
December 31st, 2008
“Make a friend. Don’t forget to Share.” :)
“Make a friend. Don’t forget to Share.” :)
From Ratan Tata’s letter to all Tata companies (dated: Nov 6 2008):
Under the circumstances I consider it essential that each of our companies should consider:
- the conservation of cash to the maximum extent possible
- draw down all loans / lines of credit from banks and institutions to the maximum extent possible
- expeditiously finalise pending load and funding agreements, even if they involve accepting higher rates of interest
Companies should also take finite steps to:
- improve operational efficiency
- aggressively implement restructuring of internal cost framework
- drastically reduce operating expenditure
- defer non-essential capital expenditure and capacity expansion
- put on hold any plans for acquisitions unless considered strategically critical
The other day a friend asked me to describe what Lookery does. Given all the recent news coming out of Lookery, and us re-focusing ourselves on what we believe our biggest opportunities are and on what we do best, I thought it would be a good idea to post my (long) one line description right here:
Barack Obama, you’ve done it. now please go make the most of this opportunity, and privilege. here’s to the next great chapter in our planet’s history, and a better and hopeful future.
“The cost of a pure, boot-strapped, startups today is really the time the founders put into it. Don’t pay for software, don’t sign an office lease, and don’t hire a PR firm. Stay slim, build something great and wait. If it doesn’t grow make the product better and wait some more. Keep that process up until you find something that makes people absolutely rabid for your product.” — Jason Calacanis