Last class BBW

Last class started with gifts to everyone - Martin Varsavsky gave us Foneras, since we heard about this product and idea throughout the whole course. That was smart - guess, which wifi router I will use when come back to my father's appatment?

Ok, it's time to post some notes (those are not direct quotations since sometime I simplify notes).
* If you're always successful, you start beleive in every shit you produce. Moreover, people around you start to believe in the shit you produce. Critical evaluation becomes weaker.
* I was shocked when I told a successful entrepreneur that I amazed by his way of behavior and he answered that his children hate him. Are you sure you want to copy this?
* Google earnings are 5 times less than Microsoft's, but marcap of Google is 2/3 of one MS has. Market surely appreciates Google more than MS and beleives that Google will overcome MS.
* After a failure you may be afraid of starting something new. Martin had a break of couple years after his biggest failure before he shared FON idea at his blog and it was appreciated highly.
* Question to Google owner: What is your limit?
Answer: Electricity.
Btw, computers consume enormous amount of energy. Google consumes the biggest amount of energy in US among corporations. More, than mining companies and aluminium plants.

Well, I will miss this class. It was really insightful.

Second class of BBW

I have a controvercial feeling about Varsavsky. On one hand, he's giving us a bunch of different life stories, that can be useful... or not. No system. On the other hand, after his classes I always go to computer class and make a short search on ideas or people I liked. And of course, I have my class notes.

Some steps all the ideas should pass.
1. Idea formulation.
2. Check:
2.1. Does this idea exist? Do they have something similar? Do they have something opposite?
2.2. Can this idea assure cashflows? A lot of ideas made their inventors famous, but not reach.
3. Who are your competitors? It's not bad to have competitors, the situation is bad then they are doing the same, but more efficient, have better equipment etc. But not to have competitors is bad.
4. Check, whom among your competitors you can possibly cooperate with. In american perception competitors are the peolple/companies you can deal with, make your enemy frenemy.

1st class

Some notes.

Know the price of everything. Every moment of entrepreneur's life is making decisions of price and quality. Know the range of prices. Look into maarket capitalization of any company. Know the GDP of the countries you're connected with.

Guessing is the half of life of entrepreneur. If you obsessed with accurate numbers, you'd better be rocket engineer.

Spain is the most successful oof least ambitious countries in the world.

In business it's all about balancing content and emotions.