Archive for the ‘quoted’ Category

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On the web, the raw material is data.

Sunday, February 1st, 2009

On the web, the raw material is data. It is often shaped (produced) by volunteers, and it costs almost nothing to replicate and distribute the resulting product. This is profoundly different than the current industrial economy. Our investment strategy is to arbitrage the difference between the capabilities of the new medium and readiness of the existing economic and social structures to exploit those capabilities. – Brad Burnham, Union Square Ventures

Bingo.

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Zappos core values

Sunday, January 25th, 2009

At Zappos, we have 10 core values that act as a formalized definition of our company culture. Our core values weren’t formed by a few people from senior management that sat around in a room at a company offsite. Instead, we invited every employee at Zappos to participate in the process, and here’s the final list we collectively came up with:

1) Deliver WOW Through Service
2) Embrace and Drive Change
3) Create Fun and A Little Weirdness
4) Be Adventurous, Creative, and Open-Minded
5) Pursue Growth and Learning
6) Build Open and Honest Relationships With Communication
7) Build a Positive Team and Family Spirit
8) Do More With Less
9) Be Passionate and Determined
10) Be Humble

Source

Personal values ~ company values? Yep.

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Leading Change

Sunday, January 25th, 2009

“Be the change you want to see in the world.” – Mahatma Gandhi

via my dad.

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Strategies for operating in this liquidity crisis

Wednesday, December 3rd, 2008

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

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Stay slim, build something great, evangelize like crazy. Repeat.

Tuesday, October 28th, 2008

“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

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