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Capitalism 2.0: Rationality

Posted on Thursday, Apr 2nd

Here are two more passages from Ayn Rand: “Rationality is man’s basic virtue, the source of all his other virtues. Man’s basic vice, the source of all his evils, is the act of unfocusing his mind, the suspension of his consciousness, which is not blindness, but the refusal to see, not ignorance, but the refusal

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Micro-Franchise For Venture Investment

Posted on Friday, Apr 13th

For those of you who have read my discussion with Prof. Raj Reddy at Carnegie Mellon, you are familiar with our debate over MicroFinance, MicroEquity and MicroFranchise. We continued drilling down on this topic last weekend, following Sequoia’s investment in Micro-Finance company, SKS. I also wrote a piece referring back to some ideas from 2

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MicroFinance and Rural Development

Posted on Monday, Apr 9th

When I first started writing this blog, I wrote a series of pieces on MicroEntrepreneurship. Today, as the world is making giant leaps in embracing the entrepreneurship potential buried in the lowest rung of the poverty pyramid, I want to showcase a few of those pieces for your reading. Tier 4 Market Definition : I

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The Education Problem: Raj Reddy (Part 15)

Posted on Friday, Mar 23rd

I conclude my conversation with Raj discussing some theoretical benefits of his plan to take high speed network access to the villages. Additionally, Raj explains what he feels is necessary for this vision to come to reality. SM: Anything that improves or provides their livelihood can be the killer app. RR: Yes, that is the

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The Education Problem: Raj Reddy (Part 13)

Posted on Wednesday, Mar 21st

Raj continues to address his concept of taking bandwidth to underdeveloped populations. SM: It is just sunk costs, that should be OK. RR: They just need to bite their tongues and assume it is all lost, and it will come back via economic growth. So, that is the first problem I would like to solve;

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