Promise of Big Data and whats wrong with it

I like Data as much as the next guy, but I am troubled by all the empty promises of big data. I think data is good but too much data is unwieldy and it becomes hard to separate the noise from signal. It does not matter how sophisticated our data sifting mechanism become it is…

High Risk, Low Data Decision

I have been reading the book “Crossing the Chasm” by Geoffrey A. Moore again. I highly recommend the book to anyone in a disruptive business. The book is an easy read and Section 4 sets up the stage for how to really market and sell disruptive technologies. The strategy is simple enough, the author states…

Startup Reykjavik 2013

I started on this journey to build a Startup Community in Iceland right after the Financial Collapse of 2008. What is needed when you need to create a lot of startups is an acceleration platform and I searched tirelessly for it and I bumped into TechStars and the first video I saw of TechStars I…

Startup Weekend Reykjavik

Startup Weekend Reykjavik happend this last weekend. I volunteered again as a mentor and it was a lot of fun. This time around the organizing team at Innovit had brought an external facilitator from the UK, and I was also impressed that the organizing team nudged the participants to aggregate around ideas that actually had…

Excellence always beats a Bargain

I got to know Brent Beshore, when he participated in Startup Iceland last year and was in the Panel discussion moderated by Matt Wilson. I think Brent is planning to be in Iceland this year as well in June. Have you bought your ticket yet? I am not kidding they run out pretty fast, based…

Where do great ideas come from?

I am the first one to reject the notion that Ideas don’t matter, but to a certain degree they do. Usually a problem drives one to think about how to solve the problem. I actually like this video that talks about this, by the author of the book Where Good Ideas come from? Steven Johnson. There…

Startup Risk

I usually get really worked up when I am speaking with some employees in a bank about Startups and Entrepreneurship, they immediately say that it is Risky. I always ask them could they please tell me why they believe Startups are risky? Their usual answer is well 90% of all startups fail, which is anecdotal…

Build a School in the Cloud

I have not been more excited than after watching this video. Here is proof of something that I have always known, given the tools and the right questions anyone of us can learn complex, difficult and soul searching answers. Here is my vindication. I have been writing about how kids can learn to code, I…

Bootstrapping vs Raising capital

I had planned to do a meetup this week and discuss the above topic. Never got around to it, but I thought the least I could do is write about it. Here is a Kauffman Sketchbook with the title “Where do Entrepreneurs get their money?” Here are a couple of references on fund raising from…