The Uberization of Work...
and How Businesses Can Leverage it to Scale Faster and Smarter
Call it the "sharing economy", the "gig economy" or "workforce virtualization", the bottom line is that on-demand platforms and services are fundamentally changing the way the world works and how we interact with businesses of all shapes and sizes.
An Era for Startups:
While success for startups is far from assured, resources are widely available and barriers to entry have never been lower. Whether that be access to capital through crowdfunding and VCs, distributed talent pools, or the proliferation of startup incubators, new businesses are forming at exponential rates (and not just in Silicon Valley!).
An Entrepreneur creates opportunities not just for himself but more importantly for others. In Nepal, this is even more important as we have a high number of unemployed Nepalis and opportunities are limited to a privileged few.
Silicon Valley => startups => high growth => quick and relentless change => extreme stress => broken relationships => Poverty?
Lately, more people have been asking me about the experience of doing a tech startup in a third-world country. Some like the idea of a burn rate 1/10th the size of the States and others seek a romantic adventure in a far away land. More than any of that, I like to share about a better quality of life and the ripple effect that comes from planting a business in the middle of a developing country.
Recently, Paul Graham wrote a piece on what he called frighteningly ambitious ideas. These are very daring startup ideas with the potential to be hugely successful in terms of the impact they can have and/or the money they can rake in for their founders. However, says Paul, gargantuan effort required to execute the idea prevents entrepreneurs from tackling them and investors from funding them. Paul lists everything from building a better search engine to replacing universities to changing the way entertainment and healthcare is delivered in his list of these frighteningly ambitious ideas.
There has been talk about whether crowdsourcing is an industry or not but definitions aside, we have been absolutely blown away the last couple of months as we have been welcomed into the crowdsourcing "family". I have spent seasons of my career in the Java world, wireless carrier/handset world, web application outsourcing world, and even the Christian marketplace dealing with book publishers and churches. And I think I came out with a unhealthy, cut-throat perspective on business and competition. Now that we have been living overseas for a few years in Nepal where we are focused on training people up and giving opportunities here, I thought we would be the friendly company on the block. Not so! As we have launched CloudFactory and started to spend more time in places like the Bay Area we have learned ... that we have a lot to learn!