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I remember a very poignant image of a bunch of Chinese students building a replica of Lady Liberty.
Can you explain why this would have been the case if all they were concerned about was crony-nepotism and redistribution of profits or whatever it is you're saying.
On a clear disk you can seek forever.
Yes you do exaggerate the business and financial knowledge of tech VC types.
During the late 90s boom, EVERYONE was snared in. KP, Sequoia, pretty much all the VCs lost a ton of money. Doubtful that their so-called expertise would have saved the Bakers.
Re-reading the article again, it seems like the Bakers did in fact have their suspicions. The mystery memo should have been a huge warning sign. The fact that Goldman sent bankers in diapers should have been an even bigger sign. There was one comment from the founder of Dragon: "If L&H was able to make so much money out of a lousy product they'd be able to make more out of ours.." which was a little painful to read.
Interesting responses.
I urge fellow Indians to check out theuglyindian.com. A bunch of guys (some are friends of friends) have got together to make an impact. These little grass roots efforts are working.
Lets participate and clean things up.
Well, then why complain about it? When tourists come to US they may go to Disneyland, the Statue of Liberty etc. Most tourists don't take pictures of American ghettos, prisons etc.
Why is it that when you guys go to other countries you constantly focus on why that country is somehow different in a bad way? India: too filthy and chaotic. China: no freedom. Middle East: too oppressive. I could go on.
I've noticed that Europeans have a more nuanced approach to the world compared to Americans. They seem to appreciate differences instead of being smug in their superiority.
When I was growing up in Chennai I would lean out the bus doors (with one hand) primarily to impress the young hotties walking along the side of the road.
Interesting. I've also noticed that until about 5 years ago or so most people in India were using the Nokia models which had been phased out in US. My guess is that Nokia kept the factories running and sold the older models for a very low price to increase penetration, brand-awareness etc.
Perhaps this is a distribution model which would work. Sell high-end tablets to rich, status-conscious folks first (there are plenty of those in India now). Then as prices start coming down people of humbler means will want them and be able to afford them.
There are some 950M cell phones in India. I've always wondered how the poorest of the poor actually afford these things. It isn't unusual to see someone who's leading an obviously poor life with a cellphone.
I've found her writings to be very nuanced and rational. However she seems to be classified as a "Marxist historian" by the Indian media. I have no idea what that means.
Her book and articles on Somnath are very interesting.