Today I came accross the question of why aren’t many very smart people rich. And while blunt, I am sure many smart people who are not financially successful have asked themselves that question. Especially if smart is defined as having performed very well at school which is how most people find out they are very smart. But I can relate to that question in a different way. Not as to “why aren’t many smart people rich” but “why aren’t people who are not considered to be smart, rich”.
When I was at Columbia Business School I was in the bottom half of the class. I was not considered particularly smart or bright. All I got studying entrepreneurship was a B+ and that was supposed to be my best subject as I wanted to be an entrepreneur. But then, after graduation I built, 8 companies over 25 years, 3 of them worth over $700 million. My last start up, Fon, has become the largest WiFi network in the world. And it is not only me, I know quite a few entrepreneurs who were mediocre at school only to thrive in real life. Some did better than me. So school is not such a good predictor of real life performance after all.
While teaching entrepreneurship at Instituto de Empresa, I have given a lot of thought to this paradox. How can school performance be a better predictor of life performance? Especially in entrepreneurship. As a result one thing I stopped doing, is grading students. Now they grade each other. And from what I have seen, students who other students think are smart, tend to do better in life than students who professors think are smart. Especially many professors who teach but don’t practice entrepreneurship. Entrepreneurship is more an art than a science.
Having said all this, my comments refer exclusively to business studies. In business getting rich is a direct consequence of success. In other fields being smart needs not to equate with being rich and that is fine. People shouldn’t become judges, or military commanders, or legislators, or many other essential occupations with the aim of getting rich. And getting rich is not a great objective in itself. In general in life having objectives is more interesting than having achieved objectives. Success in business is no exception.
2011 18
Quora’s growth is wild
Published by MartinVarsavsky.net in Internet & Technology with No Comments
I am planning to write a post on Quora but want to get better at understanding it before I do. Still here is a first observation. After 3 years on Twitter I have around 26,000 followers. On Quora I am getting around 200 per day and that is at the very start of Quora. At this rate it will take me less than half a year to have as many followers in Quora as I have in Twitter. Especially considering that the rate will likely go up as it did with Twitter. This I find shocking. Facebook had a slow start. Twitter had a slow start. Still they are both gigantic now. What is going on with Quora that is growing so fast so quickly? Will it be the next big thing? Will it fizzle out like Chatroulette? Should I ask that on Quora?
Both Joe Biden and Gaddafi agree in their hatred for Wikileaks. But they have different styles. Biden likens Wikileaks to a high tech terrorist organization. Now Gaddafi, a real terrorist responsible for the downing of a commercial jet among other deeds, has a more unusual way to speak about Wikileaks. He calls Wikileaks “Kleenex” and then goes on with a rant about the Internet in general that is just funny (so long as you forget that it comes from a bloody dictator). He says:
Even you, my Tunisian brothers. You may be reading this Kleenex and empty talk on the Internet.
This Internet, which any demented person, any drunk can get drunk and write in, do you believe it? The Internet is like a vacuum cleaner, it can suck anything. Any useless person; any liar; any drunkard; anyone under the influence; anyone high on drugs; can talk on the Internet, and you read what he writes and you believe it. This is talk which is for free. Shall we become the victims of “Facebook” and “Kleenex”* and “YouTube”! Shall we become victims to tools they created so that they can laugh at our moods?
This text comes from this article in Global Voices.
2011 17
Why Chinese mothers are not superior
Published by MartinVarsavsky.net in Paternity with No Comments
In order to understand my post please read Amy Chua’s arguing why Chinese mothers are superior. Only after you are done please read my reply.
Chinese mothers are not superior Amy and here’s why.
Jewish Americans are more successful than Chinese Americans and therefore are “superior” in Amy Chua’s terminology (an absurdity of course). Here’s a link to an example of pure Jewish chauvinism that gives you a sense of how Jewish Americans who are only 2% of the population and Jewish people who are only 1 in 500 in the planet fare. Please only read this if you are not Jewish.
But never mind the debate. Amy Chua’s kids get superiority from both parents because Amy Chua is married to a Jewish American. For some reason however, he gets no credit as a father in the story of the two daughters education. This is wrong both from a moral point of view but also from a sociological point of view: Amy Chua’s conclusions are based on a sample of only two, and this sample is biased by the presence of a Jewish father. This father has contributed Jewish parenting which is very different from Chinese mothering and probably a good balancing act to what I see as an unnecessary brutal style that could very well backfire. Indeed China is the country in the world with the highest female suicide rate and the only country in which women commit suicide at a higher rate than men. That in itself would make Chinese mothers sadly not superior at one thing, facing adversity.
Now my credentials. I am a Jewish father of 4 kids ages 20 to 4 with the two eldest at Columbia University and NYU. As a Jewish father I can say that we are very different from Chinese mothers. Here are some highlights of what I would call Jewish parenting.
-we work jointly with mothers, both parents are very involved with the kids education, even in case of divorced and remarried parents such as mine.
-we never call our kids “garbage”, on the contrary, as the term JAP implies, for us they are….royalty. We spoil them, but it works. Our kids are the best simply because they are.
-we are our kids number one fans. We bore others with stories of how bright our kids are.
-if they get a bad grade we go and fight it out with the teacher. Jewish kids may get better grades because teachers are tired of dealing with their parents. We don’t do this to break the rules, we do it because we are truly convinced our kids are the next Einsteins and the teachers are just blind. Once my daughter Isabella got a D and I went to tell her Math teacher that no Varsavsky had ever gotten a D in Math, that my father was a PhD in astrophysics from Harvard, and whatever it took to make a point. While the British lady did not change her mind that time I think she got the message as that was the one and only D that we got as a family.
-we look for originality in our kid’s thinking, we want our kids to be funny, to come up with unexpected solutions to problems, to be almost irreverent. When they talk back we are secretly happy that they have a personality of their own. We rarely punish them. Instead we are quiet when we disapprove and celebrate their merits.
-we want them to be liked and appreciated by their friends, their peers, we want them to have a social life, to fall in love. When they are unhappy we suffer.
I could go on but I think you see where I am headed. And by the way, being a Jewish parent is also an attitude or culture and has little to do with religion. While I celebrate the Jewish holidays I believe that the world as described by the Bible is most likely imaginary. But it is a good Jewish story.
And in any case there is no such thing as being a Chinese parent or a Jewish parent or any parent as such. I am arguing in favor of being a nice, empathic, supportive parent, anyone can be that and I am sure many Chinese parents would be opposed, as I was, at Amy’s style of raising her daughters, no need to be Jewish!
My answer is also on Quora.
2011 14
Wikileaks disclosures play key role in Ben Ali’s outing
Published by MartinVarsavsky.net in Middle East with No Comments
First of all I would like to say that I am sorry for the repression and the people who have died in Tunisia but excited about the unexpected overthrow of Tunisian dictator Zine El Abidine Ben Ali by its own people.
While I am no expert on Tunisia and defer to others for an in depth analysis I have visited the country a few times as well as many other Arab/Muslim countries (Syria, Lebanon, Morocco, Egypt and others). Most Muslim nations have rulers for life and I am happy to see that for once, a corrupt dictator who has been in power since 1987 was thrown out by popular rebellion. And as this article explains it took the American diplomats and Wikileaks efforts to reveal what many Tunisians suspected and that is the extent of the government’s corruption and abuse and ignite the overthrow. Now the paradox here is obvious. USA spends hundreds of billions of dollars and hundreds of thousands of human lives are lost in a bloody military intervention in Afghanistan and Iraq with very little success in establishing democracies. And instead, diplomats telling a detailed story about corruption in Tunisia and a group of determined journalist at Wikileaks and a hacker (Bradley Manning) accomplished what a decade of military intervention in the Middle East could not and that is a popular uprising against corruption and dictatorship. Yes, the realities of Afghanistan, Iraq and Tunisia are different but as this New York Times article explains, many in the Arab/Muslim world are watching Tunisia and wondering how long will they put up with their own “Ben Alis”. Especially in nearby Egypt.
It is interesting though that it took a combination of Wikileaks, US diplomacy and a dissident soldier to ignite the rebellion. Most likely if it had been Hillary Clinton alone telling this to the Tunisian people how corrupt Ben Ali was, it would have backfired. I think the State Department should learn a lot from Tunisia and rethink Wikileaks, cellular networks, social networks, and the power of the raw truth when dictators lose control of the popular message.
Here’s a slightly different version of this article in the Huffington Post
2010 13
Twitter speed
Published by MartinVarsavsky.net in Internet & Technology with No Comments
I would like my twitter client to come with twitter speed numbers. I would like to know how fast my Timeline is moving in terms of tweets per hour. How fast my @mentions are moving. So then people would recommend say to get an ex number of people you follow until you reach a certain Twitter speed and then stop because otherwise you can’t possibly keep up. @mentions feed speeds would also be a measure of relevance of whatever it is you are tweeting.
2010 13
The Bikera Plan
Published by MartinVarsavsky.net in New Ideas with No Comments
The Bikera is my idea for a better bicycle sharing scheme than those that exist nowadays in many cities. It is inspired on Fon the company I founded and run and now the largest WiFi network in the world. A WiFi network offered by the people.
Here’s the plan:
You start in a town that has a bicycle culture and a low crime rate. You “seed” the town with $100 bicycles. These bicycles, as opposed to all the other bike sharing schemes, have no electronics and no stations, they stand on their own. They are called bikeras. The electronics on the bikeras will come from people’s smartphones which in a year will be as all phones are now. Bikera will also be an app.
You seed the town with one bicycle per every 200 inhabitants. When you start you do a blog/FB/twitter PR campaign. Seeding means that on day one you leave all bikes standing for anyone to take. One per block. More where you expect more people. A town of 100,000 people would have 5000 bicycles and cost half a million to get started. 5000 bicycles is a LOT of bicycles, they would be seen everywhere.
You get a corporate sponsor and brand the bikes with this corporation’s colors and logos to help cover the start up costs. Barclays did this in London for example.
All bikes come with a simple combination lock and an engraved license plate or number. All the electronics for the bikera scheme are in smartphones that people take with them. Not on the bike. THIS IS CRUCIAL and very different to all bicycle sharing schemes.
Two kinds of people use the system: bikeros or aliens. Bikeros are the ones who have contributed $100 to the system and bought a bike to add to the network. Aliens are anyone else. Aliens pay $2 per bike ride, a frictionless micro-transaction handled directly through the app using standard credit card APIs or direct wallet integrations similar to those used by the best crypto casinos for instant fund transfers. Bikeros ride for free. The incentive to contribute a bike is to be nice, but also to save $2 per ride.
In order to ride a bikera you need to open your app in your smartphone and this app will GPS your location to the bikera system. You wil then enter the engraved number you see on the bike and immediately receive a combination back. Then you will leave your app on as you move around with the bikera. The app will track your movements like say Endomondo does when you work out, or Runkeeper. When you are done you will leave the bike, sign off and the system will know where the bike is. Everyone else who opens the app will find it.
Why is this system better than Velolib in Paris or Deusche Bahn in Germany?
-rides are free for as long as you want, not for half an hour and then pay a fortune.
-you don’t need to find a parking spot for your bike which is the biggest inconvenience for Velolib that forces you to ride from station to station.
-bikes are much cheaper, they don’t have electronics as the Deuscthe Bahn system for example and don’t have costly stations with electronics as in Velolib.
-bikes are so cheap that people will not steal them, what for, there is always another one, still there are now bikes in the market for $100. Bikera could find suppliers of decent bikes for that amount.
-you can pay students to repair bikes when reported broken by users. They can find them with the same iPhone, Android, Symbian, Windows, Blackberry app.
-you don’t need a license to start a system like this, or if you do it should be very simple.
-because people buy the bikes you don’t need much capital.
-because towns can self organize and start their own systems, it is self franchising.
-the bikera company’s only income would be the $2 per bike ride from the Aliens or non Bikera contributors.
2010 9
Assange’s Poison Pill
Published by MartinVarsavsky.net in General with No Comments

- Image by New Media Days via Flickr
I am in the process of downloading a file that contains all the unedited cables that Wikileaks has obtained. You can do the same by downloading this link using a program like Vuze. This is a 1.4GB file so it may take a while. As far as I know it is not illegal to download it as it is not copyright material. In any case it is probably not illegal because you cannot read whatever it is that you are downloaded as it is encrypted. What this file is is a Poison Pill. Assange goes, this file is open for humanity to see.
I am downloading this file for two reasons. One is because I believe that if it was so easy for Wikileaks to obtain this information whoever our enemies are probably have it as well. Secondly because while I had mixed feelings on what Julian Assange was doing, I am so disgusted about how Western democracies are reacting towards a person who has not been formally accused of any crime that I think it’s time to stand by Wikileaks to defend freedom of the press.
Lately I have a strong feeling that the Chinese must be rejoicing at all the “retroactive law invention” that is going on in the West to put one man in jail. Because if Assange had been a Chinese citizen promoting transparency in China we would be lining up to give him the Nobel Prize. We can’t demand transparency from others and censorship for ourselves.
If the US government did not want its secrets known, all they had to do was to encrypt these secrets as Wikileak’s Assange is doing with this file. As CNN argues it comes with an encryption that not one of all the encryption crackers in the world can figure out. Think about it, we will all have this file but we will not be able to read it. Can’t the US government do the same if something is really a secret? How can real secrets be distributed among over a million of people with easy access to matters way beyond their jurisdiction and unencrypted? From now on, if you want a secret, encrypt it, and make it a crime to break the encryption.
Related articles
2010 6
How Wikileaks will make the world a safer place
Published by MartinVarsavsky.net in General with No Comments
When I read articles like this one on CNN arguing how Wikileaks is providing potential target lists to terrorists I worry. Probably so do you. But think about this. It was so easy for all this information to leak out that we should all wonder how safe it was to begin with. If Wikileaks, without any special spying skills, just being there to collect info, could get all this sensitive data, why couldn’t have Al Qaeda or any other of our enemies have done or do the same thing? While we may object to the style of Wikileaks I have no doubt that thanks to Wikileaks, USA will completely rebuild the way it handles sensitive data and as a result the safety of the system will have been improved. Wikileaks has the effect on security that hackers have on software development. Wikileaks found simple bugs everywhere. It is up to the people whose job is to make us safer to fix it. Yes, granted, Wikileaks could have given all this info to the State Department and not publish it. But sometimes it takes a shock like this for things to really change and what should be transparent be transparent and what should be classified be classified.
2010 2
Skype Access, new collaboration between Fon and Skype
Published by MartinVarsavsky.net in Fon with No Comments
Good news continue at Fon. Today we’re announcing a new collaboration with Skype, one of our first investors. At Fon, like at many other companies, we use Skype to talk to each other. I use it with my family all the time and I really think it’s a must-have application, so I’m really happy to announce we’re working with Skype to provide Fon WiFi via Skype Access.
During the initial phase of this project, we are offering Skype Access at 300.000 hotspots around the world (except Japan and UK). Anyone with a Skype account will be able to connect to a Fon Spot using Skype credit. This is a great way to forget about inserting credit card details every time you want to connect. For ‘Aliens’, connecting to the hotpots with Skype Access is super convenient. Skype will search for Fon Spots, and when a Fon Spot is in range it will show a pop up window with the price per minute to connect with Skype credit. One click, you are connected, that easy.
With this collaboration we take another step to make it easier for everyone to access the Fon WiFi network, which continues to be the biggest in the world with more than 3 million hotspots worldwide. The Skype Access collaboration is beneficial for our entire Fonero community. ‘Bills’ get to keep 50% of the revenues from their Fon Spots and ‘aliens’ get a quick and efficient way to pay for and connect to Fon WiFi. Ultimately, what we want is for Skype users to join the Fon community. All they need to do is buy a Fonera SIMPL (39€/$49) and start roaming the world for free!

