GIKI Career 2010 Talk
65
Hello!
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17-Oct-2014 -
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This is an improved version of the talk I gave a couple of years ago.
Transcript of GIKI Career 2010 Talk
Hello!
I’m Muhammed Nasrullah aka Nash
Batch 10, FCSE
flavors.me/nash [email protected]
I am founder and CTO of
Who I was:President ACM,
Webmaster 2003-2005,FCSE Automation,
Author of GIKI Yearbook
The Default Path• School• College• University• Job at Multinational• Marriage• Higher Education/Academics
What other alternatives are there?
Entrepreneurship
Entrepreneur: A person who organizes, operates and assumes risks for a
business venture
That Means: They change the world
Entrepreneur: High risk, high innovation
Instability (aka No monthly paycheck)
High Risks:
Risk of Failure
High Risks:
The Rewards:
Change the world
Rewards:
Create jobs
Rewards:
Solve problems
Rewards:
Get rich doing it
Rewards:
Why aren't there enough Entrepreneurs?
Failure.
Fear of Failure.
Innovation is tricky
The fairy tale: All successful companies you
hear about never failed
The Road to Success is paved with Failure
“I have not failed. I've just found 10,000 ways
that won't work.” Thomas Edison
Took 50,000 tests to develop the nickel-iron
alkaline battery still used 90 years later today
It took more than 2,000 tests to find the right filament for the light
bulb.
Traf-O-Data
Bill Gates first company(it failed)
“Before Paul and I started the company, we had been involved in some large-scale software projects that were real disasters. They just
kept pouring people in, and nobody knew how they were going to
stabilize the project. We swore to ourselves that we would do better”
Bill Gates
Paypal was Max Levchin's 3rd company
The Facebook was not Mark Zuckerberg's first
website
“Your work is going to fill a large part of your life, and the only way to be
truly satisfied is to do what you believe is great work. And the only
way to do great work is to love what you do. If you haven't found it yet,
keep looking.”Steve Jobs
Have you ever given a speech?
In order to succeed, learn to deal with failure
Be prepared to be disappointed by the
market response
Dealing with Failure:
Support system: family, spouse, friends
Dealing with Failure:
Plan B (a job)
Dealing with Failure:
Analyze what caused the failure
Dealing with Failure:
It's only a failure if we fail to get the learning
Dealing with Failure:
Great (free) ebook on dealing with Failure: Blue Screen of Death (Jawwad Farid – CEO
Alchemya)http://bluescreen.alchemya.com/
My advice
Start your startup in your 3rd or 4th year
Pick a problem/area you are passionate about
Google started in Stanford's dorm room
Facebook did so in Harvard's
You can find great people to help you with
it
Reduced pressure: can be done along with your
studies
No financial obligation, you're just a student
Make your startup idea, your FYP
You will still benefit with the grade
Even if it fails, you will be successful (wiser, course
grade)
Work Hard,Very Hard
The Harder You Work,The Luckier You Get
Stop satisficing
Never Miss an Opportunity to be Awesome
Have Faith: Believe in yourself
Do A lotwith little
The Bootstrapper’s Bible (Free)Seth Godin
http://changethis.com/8.BootstrappersBible
Study Hard
If you don't read good books, there's no
advantage over the illiterate
Do a startup
Don’t be afraid of failure
Change the world
flavors.me/[email protected]
