Fabrice Grinda

Musings of an Entrepreneur

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The Sleepless Elite

There was a great article in this week’s Wall Street Journal on the 1 to 3 percent of the population who are “short sleepers”. They thrive on only a few hours of sleep per night without the need for naps or caffeine. They are energetic, optimistic, ambitious and thinner than the average. They may also be hypomanic.

In other words, they pretty much sound like most great entrepreneurs I know :)

Read the article at:
http://online.wsj.com/article/SB10001424052748703712504576242701752957910.html

Lessons of a super tenacious first time entrepreneur

Read this amazing article by my good friend Xenios Thrasyvoulou, the Founder & CEO of Peopleperhour, one of my portfolio companies. He recalls his amazing journey in entrepreneurship and all the lessons learned. Once again grit, tenacity, passion and staying power conquer all!

Read it at: http://www.xeniosthrasyvoulou.com/2011/03/amazing-journey-of-building-startup.html

How to buy respectability :)

If you share my quirky sense of humor, you will love this article from the Economist on how rogues, dictators, oligarchs and others can buy respectability.

Read it at: http://www.economist.com/node/18330435?story_id=18330435

There are fewer millionaires than you might think!

If you live in a city like New York with everyone is seemingly richer than you, you imagine that there must be millions of millionaires in New York alone. However, many high income individuals seemingly spend to impress and don’t accumulate much wealth. It’s those who lead ordinary lives, work hard and save who end up being millionaires.

According to recent studies there are:
• 24.2 million millionaires, 0.5% of the world’s population
• 81,000 people with assets over $50 million
• 30,000 with assets over $100 million
• 2,800 with assets over $500 million
• 1,000 with assets over $1 billion

I am happy to report that the most common way to get rich is to start a business and 47% of the world’s wealthy people are entrepreneurs.

You can read more on the topic at: http://www.economist.com/node/17929057

Matthieu Ricard: The World’s Happiest Man

Ever since I saw Matthieu’s great speeches on the habits of happiness, I was intrigued and interested in learning more.

I recently came across an engaging article in Ode on Matthieu’s life story.

Read it at:
http://www.odemagazine.com/doc/42/the_world_s_happiest_man/

Unpopular Science

I just came across this amazing post by Christoph Niemann on the NY Times site at:
http://niemann.blogs.nytimes.com/2010/10/25/unpopular-science/

I reproduce it here for your viewing pleasure:

Whether we like it or not, human life is subject to the universal laws of physics.

My day, for example, starts with a demonstration of Newton’s First Law of Motion.

Christoph Niemann - Physics

It states, “Every body continues in its state of rest, or of uniform motion in a straight line…”

Christoph Niemann - Physics

“…unless it is compelled to change that state by forces impressed upon it.”

Christoph Niemann - Physics

Based on supercomplicated physical observations, Einstein concluded that two objects may perceive time differently.

Based on simple life experience, I have concluded that this is true.

Christoph Niemann - Physics

Newton?s Cradle shows how energy travels through a series of objects.

In our particular arrangement, kinetic energy is ultimately converted into a compression of the forehead.

Christoph Niemann - Physics

The forehead can be uncrumpled by a downward movement of the jaw.

Christoph Niemann - Physics

Excessive mechanical strain will compromise the elasticity of most materials, though.

Christoph Niemann - Physics

The human body functions like a combustion engine. To produce energy, we need two things:
- Oxygen, supplied through the nostrils (once the toy car is removed, that is).
- Carbohydrates, which come in various forms (vanilla, chocolate, dulce de leche).

Christoph Niemann - Physics

By the by: I had an idea for a carb-neutral ice cream.
All you need is to freeze a pint of ice cream to -3706 F.
The energy it will take your system to bring the ice cream up to a digestible temperature is roughly 1,000 calories, neatly burning away all those carbohydrates from the fat and sugar.
The only snag is the Third Law of Thermodynamics, which says it’s impossible to go below -459 F.
Bummer.

Christoph Niemann - Physics

But back to Newton: he discovered that any two objects in the universe attract each other, and that this force is proportional to their mass.

The Earth is heavier than the Moon, and therefore attracts our bodies with a much greater force.

Christoph Niemann - Physics

This explains why an empty refrigerator administrates a much smaller gravitational pull than, say, one that?s stacked with 50 pounds of delicious leftovers. Great: that means we can blame the leftovers.

Christoph Niemann - Physics

(Fig. A): Let?s examine the behavior of particles in a closed container.

(Fig. B): The more particles we squeeze into the container, the testier they will become, especially if the container happens to be a rush-hour downtown local at 86th and Lex.

(Fig. C): Usually the particles will distribute evenly, unless there is a weird-looking puddle on the floor.

Christoph Niemann - Physics

The probability of finding a seat on the subway is inversely proportional to the number of people on the platform.

Even worse, the utter absence of people is 100 percent proportional to just having missed the train.

Christoph Niemann - Physics

To describe different phenomena, physicists use various units.

PASCALS, for example, measure the pressure applied to a certain area.

COULOMBS measure electric charge (that can occur if said area is a synthetic carpet)

DECIBELS measure the intensity of the trouble the physicist gets into because he didn?t take off his shoes first.

Christoph Niemann - Physics

Often those units are named after people to recognize historic contributions to their field of expertise. One NEWTON, for example, describes the force that is necessary to accelerate 1 kilogram of mass by one meter per second squared.

This is not to be confused with one NIEMANN, which describes the force necessary to make a three-year-old put on his shoes and jacket when we?re already late for kindergarten.

Christoph Niemann - Physics

Once the child is ready to go, I search for my keys. I start spinning around to scan my surroundings. This rotation exposes my head and all its contents to centrifugal forces, resulting in loss of hair and elongated eyeballs. That’s why I need to wear prescription glasses, which are yet another thing I constantly misplace.

Christoph Niemann - Physics

Obviously, the hair loss theory I just presented is bogus. Hair can?t be “lost.” Since Antoine Lavoisier, we all know that “matter can be neither created nor destroyed, though it can be rearranged,” which, sadly, it eventually will.

Christoph Niemann - Physics

Not everything can be explained through physics, though. I’ve spent years searching for a rational explanation for the weight of my wife?s luggage. There is none. It is just a cruel joke of nature.

I knew massages were good for you! :)

It’s not really a double blind controlled study and many of the benefits might come from just resting in a quiet room for an hour, but the positive evidence for light “Swedish” type massages is intriguing.

Read the article at:
http://www.nytimes.com/2010/09/21/health/research/21regimens.html?_r=2&src=me&ref=general

Just Manic Enough: Seeking Perfect Entrepreneurs

I had written about how America’s success might be because America’s entrepreneurs are hypomanics (Hypomanics to the rescue :)).

The New York Times just wrote a great article on hypomanic entrepreneurs and the difference between “the loonies from the slightly manic”. Their description of Seth Priebatsch completely reminds me of me when I created Aucland when I was 23:

“Elevated” hardly describes this guy. To keep the pace of his thoughts and conversation at manageable levels, he runs on a track every morning until he literally collapses. He can work 96 hours in a row. He plans to live in his office, crashing in a sleeping bag. He describes anything that distracts him and his future colleagues, even for minutes, as “evil.”

He is 21 years old.

I worked an insane amount of hours at the time, took no vacations, had no friends and was soul and body dedicated to the cause. I had so many ideas and so much energy, it was unbelievable. With hindsight, I made tons of mistakes and definitely reached the point of negative marginal returns on hours worked, but the experience was amazing and the article rekindled fond memories.

The article is definitely worth a read:
http://www.nytimes.com/2010/09/19/business/19entre.html?pagewanted=1&_r=1&sq=entrepreneur&st=cse&scp=3

What to do with your millions

One of the wonders of entrepreneurship is that sometimes we can get lucky and make millions. Paul Buchheit wrote a good article on what to do when that happens. His advice is very practical and covers both how to invest the money (don’t rush to invest it, keep it safe) and what to change in your life (very little – keep working, maintain your friendships, be grateful).

If you are lucky enough to be in this position, you owe it to yourself to read his article at:
http://paulbuchheit.blogspot.com/2010/05/what-to-do-with-your-millions.html

Great article on the future of startup funding: Founders vs. Angels vs. VCs!

Paul Graham wrote another great article on the future of startup funding.

Read it at: www.paulgraham.com/future.html

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