A well told story is the only persuasion tactic for which we don’t have good defenses. Agree or disagree? Photo: my village in winter

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Andris Berzins on Venture capital investingVC investor, former startup founder, startup activist, weekend warrior3 months ago
Pre-seed and seed fund investment should be all about the upside. Too often in the Baltic States we see investment terms that are structured for the investor to try to avoid losing their capital, but which restrict the company in the future from being able to get more investment in order to have a chance to earn the investor a 10x or 100x return. Early stage investing is all about backing winners, rather than salvaging capital from losers, so better to give the companies the freedom to grow later. 

Great post here from Point9 Capital about the important and unimportant points in a term sheet - At Change Ventures we agree with them entirely. https://link.medium.com/QYNtGKtTE6
Sophie Spitz on Recovery from BPD/EUPDSelf-taught self care student2 months ago
Its one thing to know something cognitively, it's another thing to understand it emotionally. I see often people expect that because they inform you of something, something you can recognise as true, that you will understand it on a deeper level too. Understanding an insight by learning it yourself compared to being explained it by someone else feel very different and register at different levels. I can be told 'its good to accept yourself' but if my lived experience has taught me that accepting myself is dangerous and will jepradise the key relationships in my life, then it's hard to over ride that. Its not enough to be told something is true, you have to explore your own beliefs and where they've come from, in order to realise it for yourself.

Gabija GrušaitėAuthor of Stasys Šaltoka, Co-Founder of Qoorio & Vieta
So true! If you have grown in an environment that does not reward empathy, it would just be pointless to say "you need more empathy" as the concept would be meaningless without shifting core beliefs.
Andrius Baranauskas on Tech in Southeast AsiaProduct Executive Bringing Best Experiences Globallyabout 2 months ago
Earlier this week I had a chance to do my first podcast appearance… Great experience! As part of the prep for it, I asked myself – what were the key differences I observed as a Product Leader in Singapore/SEA compared to Europe? (1) Drive to create and hunger to achieve is enormous in the region. I’ve only seen anything similar in the US so far. Europe is… complacent in many ways. Why create something new if what we have is good enough? (2) Product Management is perceived very differently. Most of the product managers I interviewed early were really project managers – often getting things done that were thought through somewhere else by someone else. Product managers often have a business counterpart – in Europe, it is PM’s job in most cases. Situation changed and evolved over time though! (3) Excellence in craft is really high, especially among the technical people. Data Scientists, Engineers and others are often really really good in SEA. I’d dare to say significantly better. The flip side of that is they often lack interest in the customer and the business. Which makes the teamwork hard, especially if you try the Spotify model. (4) Importance of loyalty cannot be underestimated. At work, this often trumps ideas and work done. People you hire are often afraid to say something that falls out of line, even if they know better than you. Same applies to some of the VCs too in their relationships with the founders. (5) Differences between markets in SEA and Asia in general are much bigger than in Europe or West in general. However, the very average basic customer behaviour is strangely similar, be it in Europe or SEA. (6) Tech workforce is significantly more diverse in the aspects of nationality and gender. First 8 members of my product team at Carousell were all from 8 different countries! Yet somehow different nationalities form their own bubbles, which makes having a singular strong culture in the company much harder. (7) People strive for structure: career ladders, processes, tooling standardisation. A need for this manifests much earlier in the startup’s journey. In Europe, freedom is sought after a lot more. Exception here that I observed is Taiwan – levels of creativity there surprised me! Want to learn more about this dynamic region? Schedule a Zoom call with me!

Dominykas RimšaProduct & UX Designer
Very interesting insights! Thanks for sharing!
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6 things I did regularly during the MCO and CMCO period to stay sane. a) Learned how to cook. Can't believe it took a forced measure to stay at home to actually learn how to make my mum's cooking. Excellent mother-daughter bonding time and they get a helping hand too which reduces their stress of cooking everyday. b) Binge watch stand up comedy and rom com movies and series on Netflix. I was very much intrigued and impressed by spanish based shows as they had a strong independent and women empowerment based storylines which was refreshing. No topic was a taboo for them be it same sex relationships, sex before marriage, never feeling the pressure of being married as a woman which I think a lot women today need as inspiration to focus solely on themselves. c) Went on long drives in my car. We are not chickens meant to stay cooped up at home. Just get in your car and go for a long drive with your fav music on. You will feel 100% again :) d) Regularly scheduled zoom night hang outs with colleagues and friends. This gives you something to look forward to on a weekly basis while checking in on each other and keeping each other sane. e) This one is my favourite. Use the time at home to mask and love your skin. Put on a face mask while you're working. Your skin will love you and your mood will be lifted with the results. f) Gardening and plant shopping. I know almost everyone on my social feed has taken this up as a hobby but the reason is very clear. Plants are pretty, provide oxygen and they are highly therapeutic :)

Justas JanauskasCEO @ Qoorio
Looking forward to hear more rambles from you:)
Mark Javed on Global Tech NewsTechnology Entrepreneur2 months ago
In my view, Why backlash, anything in support from a private entity to small business should be appreciated. It's not a government stimulus anyway. what do you think? Read the article and Share your views in the comments section https://dackly.com/googles-offer-of-1000-credit-for-small-businesses-faces-backlash/
Google's offer of $1,000 for Small Businesses, Faces Backlash - DACKLY

Mark JavedTechnology Entrepreneur
You are right if we look at it that way. Google doesn't have to help in a first place and if they are doing something (even its a fraction of what's needed) I believe a Thank You is a great response because something is better than nothing. Govt level support and subsidies are obviously better in support for the public/businesses owners. I heard in EU Deutschland and other countries even paid salaries which is awesome. Hope things get better over time. thanks for your input Justas Janauskas
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Andrew Lim Mao Tung on Planning your Finances, for rainingWindows System Admin with a passion to motivate and likes Technology.3 months ago
https://www.advantageccs.org/blog/how-to-save-money-for-a-rainy-day-2 Being layed off, is the worst experience anyone could have. Being financial independent is a must for everyone, as it gives us a peace of mine, and not tied up to the job you hate.
How to Save Money for a Rainy Day - Advantage CCS
Mark Javed on Global Tech NewsTechnology Entrepreneur2 months ago
So glad to share with you all, DACKLY.COM is now approved by Google News! Search for DACKLY in news app and start following now. What is Dackly? It's a Digital Media Outlet, Hub of Trending & Developing Social News Stories.
DACKLY | Hub of Trending and Developing Social News Stories
Mark Javed on Global Tech NewsTechnology Entrepreneur2 months ago
The ongoing chaos about the “Black lives matter” movement has put Youtube Video creators into a big problem.  Read More: https://www.dackly.com/youtube-is-taking-down-black-lives-matter-fundraising-videos/
YouTube is taking down Black Lives Matter fundraising videos - DACKLY
Mark Javed on Global Tech NewsTechnology Entrepreneur2 months ago
Google’s voice match will allow google assistant to verify and able to tell who is talking in the family. https://www.dackly.com/now-all-phones-with-google-assistant-will-tell-who-is-talking/
Now all phones with google Assistant will tell who is talking - DACKLY

Mark JavedTechnology Entrepreneur
haha ya great stuff.
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Fatima KhechaiMindset coach & Branding consultant
I gotta read this 😉
The paradox in corporate management. I recently discussed with a few top managers in leading IT players about talents and business growth that they can bring. So what do they want? They want to attract top talents to their companies to build innovative business models and enter new industries to ensure at least double-digit growth. How do they want to get it done? Easily and securely. Not to cause problems to the current CxO management layer, to fit one's talent into a tiny corporate square and not to cause damage to existing procedures and methods. Is it real? No. It is not real for sure. You cannot grow & innovate and at the same time, protect current inefficiencies. You cannot protect the mistakes that are hidden in the methods of current operations. In order to grow -- you need to change. So stop wasting talent for the objectives that you genuinely do not want to achieve. Or rethink the way your today’s organization work.
Let’s discuss how the Sales department should work. Should Salespeople be incentivized for high performance? For hitting targets? Or only for outperforming them? Should they be paid a small or large fixed salary? What are your opinions and experiences? I tend to think that the optimal model is to construct a three-tier salesman compensation strategy: 1) Pay an adequate salary, so the person doesn't need to bother for money so much 2) Pay team bonuses for overall team performance for reaching and exceeding the targets just split the reward equally between team members, so it is perceived as a team effort 3) Finally, add the cherry on the top for individual efforts and extra miles that a particular person is doing. Sharing is caring ;)

Mantas MažūnaPartnerships & Innovations
I’ve tried it all, as individual circumstances require tailored approaches. There were a bunch of mistakes that led to a lack of team spirit and fighting over bonuses. There were success cases as well, but as your product or service is getting complex, your compensation schemes have to adjust and become multilayered as well.
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Nerijus Mačiulis on TeachingEconomist, investor, teacher, runner, diver.about 2 months ago
No insights tonight.

Nerijus MačiulisEconomist, investor, teacher, runner, diver.
Antalieptės marios
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Mangirdas Adomaitis on TechnologyArtificial inteligence, Data scienceabout 23 hours ago
Tesla announces 1 for 5 stock split. Stock price jumps +6% same day, +14% after couple days. Tech companies increases market capitalization just by splitting their stock..

Justinas MačiulisHead of Legal & Finance at Qoorio
I think this is mainly “dedicated” to retail investors using eToro, Robinhood, Revolut and similar trading platforms. Both Tesla and Apple justify their move to split the shares as to make them “more affordable” for retail investors. This should probably reduce the friction to buy/hold at least one stock for those who are not cash heavy and further inflate the bubble. I wouldn’t be surprised if institutional investors will soon unload their holdings onto novice traders/investors :)

Marius ČiuželisInvestor / Advisor / Social Entrepreneur
It is the first generation (or second at best) of wealth creation in Lithuania and the ones who got their fortune are still unwilling to loose control or hire someone to manage their assets. On the other hand, those who offer wealth management services more often than not are learning by doing.
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Agne Nainyte on Strategy deployment with Hoshin KanriDigital Transformation | Process Excellence | Women Empowerment3 months ago
Who doesn't dream about working in a market place where competition is irrelevant? Blue Ocean strategy model developed by W. Chan Kim & Renee Mauborgne focus exactly on this topic. Creating "blue oceans" which are uncontested markets where new customer demands are satisfied instead of focusing to beat the competition, called "red ocean". So how can business leaders create those attractive "blue oceans"? In the book you can find the four actions framework which tells you what to do: 1. REDUCE. Which factors should be reduced well below the industry's standard? 2. CREATE. Which factors should be created that the industry has never offered? 3. RAISE. Which factors should be raised well above the industry's standard? 4. ELIMINATE. Which of the factors that the industry takes for granted should be eliminated?
Justas Janauskas asked me: "Mangirdai, I would love to ask you a question and you to answer it publicly. Can you explain in simple words what GPT3 is, how it works, who can use it, and what can be done with it?” My answer: GPT-3 was released in the beginning of June by OpenAI. It is an invite only API. GPT-3 is one of the most hyped tech in recent years. My opinion it is overhyped by new startups trying to use the hype for product launch or money raising. Let’s dig deeper. GPT-3 is transformer based language model. It is a successor to GPT-2 and GPT-1. Transformers type neural networks are an ongoing1 trend demonstrating better performance. GPT-3 idea is simple - it is trained to correctly predict the next word in a sentence. Model could be adapted to other tasks as well. GPT-3 works with text. It can answer questions, generate articles. Even translate text terminal commands or generate code(although such demos should be taken with the grant of salt). GPT-3 real innovation is its ability to adapt to new(unseen) tasks. Good results or sometimes state-of-the-art results could be achieved showing only 16-32 new task examples. This is important - training neural networks from zero is very hard. GPT-3 API lowers the barrier for product development by small startups. Unfortunate model is not open source and available as an invite only API(API will be paid going further). On the other hand similar results could be achieved with GPT-2/BERT/other models with custom training. Some good reviews so far: https://blog.rasa.com/gpt-3-careful-first-impressions/ https://minimaxir.com/2020/07/gpt3-expectations/
GPT-3: Careful First Impressions

Thomas DesimpelAngel Investor, Polyglot, Real Estate Investor
Thanks for sharing Mangirdas Adomaitis I learned something new and interesting 👌
Congrats to Rasa team, which just raised $26mln series B to continue building open source company. I used Rasa framework to build chatbots. Rasa is open source and free of charge for commercial use. https://techcrunch.com/2020/06/23/rasa-raises-26m-led-by-a16z-for-its-open-source-conversational-ai-platform/ I want to discuss investments in open source. A16Z is not doing charity here: 1️⃣ Just 12 months ago Rasa raised $13mln from Accel. 2️⃣ Rasa annual recurring revenue increased 3x in last 12months. 3️⃣ Downloads grew 6 fold in last 14 months. 4️⃣ Some customers: Adobe, Deutsche Telekom, BMW, Airbus Companies building open source earn money from consulting work. Later they might make paid service with advanced features(security, versioning, etc) for corporate clients. Seems to be long-term play. In retrospective, Rasa could have build closed-source SaaS business. ► Why go with open source while end-goal is still profit? ► Does anyone know more financially successful businesses going open source from day one?
TechCrunch is now a part of Verizon Media

Danielius VisockasSoftware Engineer @ Qoorio; Burger geek; Sound processing
Prisma @ https://www.prisma.io/ is a similar example. It's cool to see open source businesses growing !
Small market: curse or opportunity? In my opinion, frequent mistake for founders is aim for very big market immediately. While prominent tech figures champion approach "go big or fail", I argue that each startup has some growth stages which it needs to complete before it can proceed to the another step. Your goal should be to become monopoly, as otherwise it is a very tough space to be as startup and become 10x better than other existing solutions. Therefore, initially you should define your market as narrow as possible - the strategy which may sound counterintuitive. For example, our product CityNow.org - real estate map - quickly became a leading platform to find new construction home in Vilnius. The market is restrained, since 30% of transactions are in new primary market (new construction) and 80% in Lithuanian sales in its capital, Vilnius. Such strategy allowed us to win and we can now expand to other markets. So many startups tried to compete with major listing real estate portal and failed, since they were doing exactly the same thing for same large market. When you are a monopoly, good things start to happen - word of mouth, referals, negotiating and pricing power. My advice to all other founders would be to redefine and narrow your market until you become a monopoly and stay here as long as possible. Good luck :)
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