ABSORB #002

ABSORB #002

28 November 2020

Taking feedback from readers, I’m changing the format of the newsletter. In this newsletter, I’ve shared 5 curated reads that I found interesting.

Do drop a line and share what you found interesting.

“Happiness is really just about four things:  perceived control,  perceived progress,  connectedness  (number and depth of your relationships), and  vision/meaning  (being part of something bigger than yourself) ”

Be  happy  &  may  you  rest  in  peace  Tony  Hsieh,  Delivering Happiness

Startups

Technology Entrepreneurship and Ambition

A great read on technology startups and ambitious people.  Matt Clifford shares why and how ambitious people can maximize their impact in this world through technology entrepreneurship. What he calls ‘technology of ambition’, I understand it as ‘currency of ambition’ in the relevant era.

Key Takeaways

  • Matt says – “At Entrepreneur First, we believe that building technology startups will become the ‘default’ career path for the world’s most ambitious people.”
  • Literacy was the great ‘technology of ambition’ of the pre-modern period. My favorite thing to tell groups of ambitious young people today is that 1,000 years ago they’d all be training to be monks and priests — not from piety, but from naked ambition.
  • By the late 18th century, armies are professionalizing and something more like the modern state has emerged. Military command is the new ‘technology of ambition’ that the most ambitious people want to master.
  • Skip another couple of generations and finance emerges as the dominant ‘technology of ambition’. Cheques and memos were written in New York reverberate around the world. Ambitious individuals who can harness finance are the emerging ‘masters of the universe’. It remains the most popular destination for graduates of the world’s top business schools.
  • In Silicon Valley, the most ambitious people want to build technology companies. My bet is that this will become the dominant ambition globally in the twenty-first century.
  • Entrepreneurship built on digital technologies represents the most powerful ‘technology of ambition’ yet. There are three reasons for this: ever-growing scale, ever-growing scope, and ever-falling cost.
  • Ambitious people have gone from writing cheques to writing code.

Investments

Early Liquidity vs. Holding

If you’ve ever experienced some of your investments going big after you’ve sold (or vice-versa), you will come to appreciate this discussion. I’ve had my share of lessons on early liquidity vs. holding, and the discussion between Fred Wilson and others make this a good read.

Key Takeaways

  • Selling early and diversifying is not going to maximize best-case ROI, but it almost certainly has a better-expected ROI.
  • Bitcoin from 2017 to 2020 is a perfect example. Had you taken some profits in 2017 and held the rest, you have a stronger stomach than had you not. It’s not about maximizing money. It’s about maximizing sleep.
  • Giving people their money back is a huge deal.

Wealth

Teaching Kids about Money

Kids or adults – we all need to learn about money.  I got a few insights about how and when I could teach my kids about money from this thread

Key Takeaways

Productivity

Improving  Workplace  Communication

Communication among teams and organizations is messy.  It always has been and is likely to continue in the near future.  Covid-19 lockdown pushed us to work remotely and while most people have enjoyed working remotely, the side effects are more zoom calls, more messaging, more emails, and more tools such as Slack!  
Every organization has its own protocol of communication and eventually everyone in the company falls in line. However, what’s the best way to communicate?  Here are some guidelines used by Basecamp on how it communicates internally. 

Key Takeaways

  • Internal communication based on long-form writing, rather than a verbal tradition of meetings, speaking, and chatting, leads to a welcomed reduction in meetings, video conferences, calls, or other real-time opportunities to interrupt and be interrupted.
  • Speaking only helps who’s in the room, writing helps everyone. This includes people who couldn’t make it or future employees who join years from now.
  • Poor communication creates more work.

Sports & Fitness

RIP Diego Armando Maradona

This weeks’ newsletter is dedicated to ‘El Pibe de Oro’ (The Golden Kid) and footballing legend from Argentina.
Diego is one of those few people on Earth who transcend time, geography, sports, religion, and politics.  I’m lucky to live in the era of Cristiano Ronaldo, Ronaldo O Fenômeno, Leo Messi, Ronaldinho, Zidane but watching some of the skills by Diego Maradona easily puts him as one of the best-ever football players. 
Go on… Enjoy watching Diego Maradona’s skills below.

Bonus Read – The Caspian Sea Monster

All I’ll say is I can’t wait to see these ‘monsters’ come back to life in its new avatars.

Until next week ! Thanks for reading this newsletter.

Cheers

Darshan

About the Author
I am curious about startups, investments, and development.

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