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Showing posts with the label Quora

What must one do to safeguard his invention or startup ideas?

 If it is a really innovative idea, I would recommend patenting the technology. If it is regular idea, then it is very difficult to grow beyond a point . in silicon valley, the only way to grow beyond a point is to get VC funding. It helps in 2 ways. One it provides a way to finance growth and second it provides insights into markets, eventually opening new doors to potential customers, something that makes business sustainable in long run. I would like to give you 2 examples. 1.) Snapchat. Every new feature they introduced was reported to be copied by Facebook. This meant 2 billion users that Facebook had , have no reason to make a Snapchat account as they already have all the features of Snapchat along with contacts and features of Facebook , on Facebook. What do you think chances of Snapchat are to acquire new users? 2.) Microsoft- quoting Bill Gates talking about initial investors. “The reason we got investments was not because we needed money but what we needed back then was m...

Lakshmi Mittal was the third in the list of wealthiest people in the world in 2005, however he has fallen to the 91st position in 2019. What caused a significant reduction in his wealth?

Lakshmi Mittal is the product of the wave of Globalization that started around 1970’s. To answer your question i need to give you some background. The major powers decided that another World war would be too destructive for the world economy and steps had to be taken to integrate the developing world into the developed world. This was especially important as people could see the effects of Nuclear weapons that had been used in Japan During WW2. It was obvious another WW would lead to end of life on this planet. It was becoming obvious that we could either live as half slaves or equals and both things were not possible together. So began the process of Liberalization of the world. Western Germany invited Engineers from the developing world (This is how the foundation of Turkish Diaspora in Germany was laid) USA introduced mass migration from the non White world for the first time as equals instead of as slaves on a large enough scale. The laws banning marriage between Europeans and non ...