“You’re almost there!” – Hikers
I just came back from Yosemite today. I am very proud to say… “I MADE IT TO HALF DOME!”
I promise I will finish this post, but I really just don’t have the time this week.
So, what’s the quote all about? It’s the encouraging words of hikers along the trail…
I never realized, but Hiking has so much parallels to Entrepreneurship.
To be continued…
(me and uncle CT on the top of Half Dome!)
“Sometimes, the best part of buying something… is the buying part.” – Seth Godin [1]
The human psychology behind the economic decision making process is an interesting thing.
… and this is what I intend to capture in my startup (but this is really as much as I will disclose for now).
Thinking in my Stanford decision analysis class’s terms: the sunk cost principle might have something to do with Seth’s observation. People may feel that the products they buy immediate loses some tangible/intangible value, once they’ve made the purchase.
Yet, perhaps, to some people, the value is in the buying, and not ownership. Is this something that can be quantified?
Example: If there are two exactly identical products, one is being sold at an upscale shopping district; and one is being sold at measly little insignificant store. Then, there is “value” placed upon the store-front, and perhaps, “value” to the consumer in the different buying experiences.
It will be interesting to see how this sense of value will be reflected in my “system.”
[1] Seth Godin, 20080420, Sometimes the best part…
Hello world, indeed. My trek into the software/web dev begins here.
“My son is now an ‘entrepreneur’. That’s what you’re called when you don’t have a job.” – Ted Turner
How fitting: Two weeks ago, “I quit” from my day job, and last Friday was my last official day as a full-time Product Engineer at Maxim Integrated Products. I just really felt that I had to take this bold step into pursuing my entrepreneurial dreams. So, I suppose you can say that I don’t really have a job right now.
So here we go. I’ve also decided to start blogging once again. This time, focusing on my startup experience, my thoughts, my struggles, and (hopefully) some success. I’ll likely try to incorporate at least one entrepreneurial quote into each of my posts.
My startup is currently in Stealth-mode. So I won’t be going into the details of what I’m doing.
