Sorry friends have been absolutely silent for last few days, was helping the Android Training Initiative to take off, which by the way is going great, for students who have applied for the scholarship position you should check you emails tonight.
Any way, back to Imran Sayeed’s Talk. I had not previously meant Imran Sayeed before but it was an experience to remeber, even with his extra ordinary profile his humbleness shone through, some one who you would not hesitate for a moment to share your issue with.
I cant recap his whole talk I saw Jehan using her Flip video so I am sure the video will be up as soon as she gets time. I will just share the parts that i loved, here is the summary of what I liked (thus remembered)
Pakistan has a great chance of innovation because all the big outsourcing destinations are focusing on well outsourcing so the top talent gets sucked up into those service companies giving us the advantage of innovating.
He broke the myth of service/product companies, almost every day I talk to people who will say we will first do services then products, he said based on his experience very very few people succeed in this. Since service is the bread earner and will always take toll from the product side. To have a real innovative product you need to go in a cave and work tirelessly without distractions.
Regarding investments he said Pakistani ventures funding requirements are very low that’s why the larger investor’s don’t invest how ever its larger than the basic seed funding required, and the local options our investor have (property, stock market) they prefer that for quick money.
The stigma of failure in Pakistan is one restraining factors, he right said we need to celebrate failure with success, need to be tolerant with failure, as from an investor point of view he will invest in some one who had tried and failed than on some one who has never tried.