TheSunnyMag: Is Jugaad Fraud? And, Staying Millionaire when You Can be a Billionaire

TheSunnyMag

Welcome to another edition of SunnyMag. This week’s curated list of beautiful reads from around the web contains stories big data, the science of faith, a brilliant profile of Jimmy Wales and an editorial on our favorite subject Jugaad. Have a good read.

New New World

Jimmy Wales Is Not an Internet Billionaire: Garvey and Wales were married last October before about 200 guests, including the Blairs, the political operative Alistair Campbell, David Cameron’s former aide Steve Hilton and Mick Hucknall, the lead singer of Simply Red. Garvey’s maid of honor gave a toast teasing her friend for marrying the one world-famous Internet entrepreneur who didn’t become a billionaire. More here.

Pink Floyd Reunites To Write Scathing Letter About Internet Radio Station Pandora: Here’s a byline you don’t see everyday: Roger Waters, David Gilmour, and Nick Mason. These of course are the remaining members of Pink Floyd (original songwriter and guitarist Syd Barrett died in 2006; keys player Richard Wright in 2008). But the occasion of their “reunion” is not a gig but rather an op-ed published by USA Today about not getting proper compensation, specifically from Internet radio provider Pandora. Read more.

12 Disruptive Technologies You Need to Know About: Collectively and over the long term, these technologies could account for trillions of dollars of economic impact. That’s why you need to watch them now. More here.

Duck Duck Go’s Post-PRISM Growth Actually Proves No One Cares About “Private” Search: Look out, Google! Duck Duck Go is on the rise, posting a 50% traffic increase in just eight days. Is this proof people want a “private” search engine, in the wake of allegations the PRISM program allows the US government to read search data with unfettered access? Nope. Google has little to worry about. People don’t care about search privacy, and Duck Duck Go’s growth demonstrates this. More here.

On “Geek” Versus “Nerd”: To many people, “geek” and “nerd” are synonyms, but in fact they are a little different. Consider the phrase “sports geek” — an occasional substitute for “jock” and perhaps the arch-rival of a “nerd” in high-school folklore. If “geek” and “nerd” are synonyms, then “sports geek” might be an oxymoron. (Furthermore, “sports nerd” either doesn’t compute or means something else.). More here.

Big Picture

The God Project: Hinduism as Open-Source Faith: Trying to explain the core beliefs of “Hinduism” to an interested observer can be challenging to say the least. Its often stated that the word “Hinduism” itself is a total misnomer, as it basically refers to the sum total of spiritual and religious thought and practice that has taken place on the Indian subcontinent over the past 5,000 years. And lets just say it’s been a busy 5,000 years. More here.

Not all jugaad is fraud: This is not to claim or argue that jugaad is all good quality, but also to emphasise in the same breath that something is not poor just because it is jugaad. More here.

Entrepreneuring

Dear startup CEOs: Being a founding CEO is hard. It’s an emotional roller coaster filled with incredible highs and unimaginable lows – sometimes in the same day. The weight of your team is riding on your shoulders and it’s up to you to make things happen. It can be a lonely job. However, through that process, amazing things can happen and you learn a lot along the way. Read more.

Why you can’t find a technical co-founder: Hey, I’ve got this great idea for a startup…do you know any developers who might be interested in working with me? I get asked this question a lot. So, my co-founder Jennifer and I were curious and surveyed developers on what would compel them to team up with a non-technical co-founder. The results were surprising. More here.

The Get-Big-Quick Fallacy: Is it better for a start-up to purse profitability initially, or go for growth? Advocates of that second, get-big-fast approach inevitably point to companies like Tumblr (the company founded by a high school dropout that Yahoo! just acquired for $1.1 billion before it had even $20 million in revenues) or YouTube (which was sold 19 months after its founding to Google for close to $2 billion), or other companies whose hyper-growth attracted suitors before a viable business model emerged. More here.

Misc.

The Last Mogul: In 2012, Vicky Donor made less news but more money than the NDTV Group. On a total income of Rs 408 crore, the NDTV Group suffered a net loss of Rs 19 crore, while the Hindi film Vicky Donor made on a paltry budget of Rs 5 crore had a worldwide collection of Rs 45 crore (a substantial chunk of which would’ve been net profit). This after the government doled out Rs 2.46 crore worth of ads to NDTV in 2012, a little less than a tenth of what it gave to Times Now. Didn’t help much. More here.

Indian Corporate Giants Turning To Solar: It seems that Coal India – the world’s largest coal company – is not the only one turning to solar in India because it is cheaper than the predominantly coal-fired grid. Tata, the country’s biggest industrial group which also has a thriving solar business, says many of the biggest companies in the country are turning to solar because it is cheaper than grid in some states. It expects this will be the case in most Indian states by 2016. Read more here.

Science

No More Chemo: Doctors Say It’s Not So Far-Fetched: There’s a revolution occurring in cancer treatment, and it could mean the end of chemotherapy. Read more.

The Science of Why We Don’t Believe Science: “A MAN WITH A CONVICTION is a hard man to change. Tell him you disagree and he turns away. Show him facts or figures and he questions your sources. Appeal to logic and he fails to see your point.” So wrote the celebrated Stanford University psychologist Leon Festinger, in a passage that might have been referring to climate change denial—the persistent rejection, on the part of so many Americans today, of what we know about global warming and its human causes. But it was too early for that—this was the 1950s—and Festinger was actually describing a famous case study in psychology. More here.

GadgetVice

The Smartwatch Revolution Isn’t Waiting: Who in their right mind would sell a wristwatch that connects to the Internet, providing the user with notifications, incoming chat and social messages and possibly runs apps? Nobody, really, except for Apple, Google, Microsoft, Intel, Sony, Samsung, LG and at least a dozen international startups. More here.

Why Snowden Asked Visitors in Hong Kong to Refrigerate Their Phones: Before a dinner of pizza and fried chicken late Sunday in Hong Kong, Edward J. Snowden insisted that a group of lawyers advising him in the Chinese territory “hide their cellphones in the refrigerator of the home where he was staying, to block any eavesdropping,” as my colleague Keith Bradsher reported. Why a refrigerator? The answer does not, as some might assume, have anything to do with temperature. In fact, it does not matter particularly if the refrigerator was plugged in. It is the materials that make up refrigerator walls that could potentially turn them into anti-eavesdropping devices. More here.

How Nokia makes money on a $20 phone: Nokia’s ultra-low-cost handsets might not be as sexy as the latest iPhone or Samsung Galaxy. But they are a much-needed source of cash for the ailing Finnish company, as well as a staple of the telecom networks of the developing world. If you—like a good many of the people on earth—need a phone that’s water- and dust-resistant, can last a month on standby between charges, and only costs $20, Nokia’s new Nokia 105 is the way to go. And even at this price, reveal the industry analysts at IHS, Nokia is making money on the phone. More here.

Lifehack

A Harvard Economist’s Surprisingly Simple Productivity Secret: It’s one of the most common complaints in the professional world: Too little time. Workers who log 60-plus hour weeks gripe that they don’t have enough room in their schedule to even tame their inboxes, much less think about big projects in some creative way. More here.

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