Tuesday, August 22, 2017

These are the Top 10 Books Elon Musk Suggest to Read

Reuters
Nowadays if you think about the top entrepreneurs in the world so the name of the Elon Musk will be in the top because he loves to make rocket. When people ask to Elon Musk how you come up with such great and timely idea and business, the simple answer from his is I love to read books.
"I read books," he reportedly likes to say.
He started his Physics PhD program at Stanford University and then dropped out because it didn’t seem that relevant to him because he wanted to something bigger than this and literally he become successful the way he thought.In Elon Musk’s Bookshelf there are 10 books that shaped his character and make him wildly successful today and he thought every entrepreneurs should read these books at once.
Following are some of the books that influenced SpaceX CEO Elon Musk and turns him the recognized CEO.
1. The Lord of the Rings by J.R.R. Tolkien
Amazon
When Elon Musk was in South Africa he said he was struggling with the loneliness that time and he overcome this situation by reading fiction and fantasy novels. The book  "The Lord of the Rings" by J.R.R. Tolkien —  helped him to shaped his vision for the future self. He was influenced about future to read this book and he felt a responsibilities to save the future.
Buy it here »

2. The Hitchhiker’s Guide to the Galaxy, by Douglas Adams
Amazon
Musk said in an interview that he suffered a major existential crisis between the ages of 12 and 15. He was in the tried to find a meaning about life and the universe. He red couples of books to have the answer Then he came upon “The Hitchhiker’s Guide to the Galaxy,” a comic interstellar romp by Douglas Adams. In the book a supercomputer finds that “answer” to a meaningful life is the number 42 — but the question was never figured out. The book The Hitchhiker’s Guide to the Galaxy helped him to find the answers when he was in question.
Buy it here »

3. 'Benjamin Franklin: An American Life' by Walter Isaacson
Amazon
Musk was inspired by Benjamin Franklin. He told some of his interviews that Franklin started his Journey almost with nothing and who was a runaway kid which inspired him to do more. Musk treated him as his hero.
Benjamin Franklin and Musk got some similar story that is growing up in Pretoria, South Africa, then he started his school in Canada after that he transferred to the University of Pennsylvania, then using an invitation to Stanford University's Ph.D. program to land in Silicon Valley.
Musk also started from zero and now the world is seeing the power of entrepreneurship.
Buy it here »

4.'Einstein: His Life and Universe' by Walter Isaacson
Amazon
The Biography by Walter lsaacson: "Einstein." was a great lesson for Musk he learned how imagination can be a source of power.
This books tells  how a genius transforms the world by his intelligence, thinking, imagination and ambition.
The book described how a struggling father in a difficult marriage who couldn't get a teaching job or a doctorate — became the mind reader of the creator of the cosmos through his imaginative power.
Buy it here »

5. Structures: Or Why Things Don’t Fall Down, by J.E. Gordon
Amazon
Musk was always in a mode of learning something new and when he was thinking about rocket science and he decided to start SpaceX he came up with the book of "Structures: Or Why Things Don't Fall Down," This book helped him to know more about structural engineering and more informations about this industry.
Musk Said in an interview "It is really, really good if you want a primer on structural design,"
This book helped him to get started when he was launching Space X. Musk learned the basic about rocket science from this book.
Buy it here »

6.'Ignition!: An Informal History of Liquid Rocket Propellants' by John D. Clark
Amazon
Fortunately for us, this rare text is available online here and here.
Another book Musk found to learn more about rocket science is "Ignition!". This book described about early rocket science.
Musk told this book was fun to read and knowledgeable for him. Clark was an American Chemist he researched on development of rocket fuels back in the 1960s and 1970s. This book focused how the science works in a particular and structure form.
Clark was a person who devoted himself for the research and development of rocket science. Clark described about technical details, experiments results, why's and how's. This book got lot of information and knowledge about rocket and the rocket science.
Buy it here »

7.'Superintelligence: Paths, Dangers, Strategies' by Nick Bostrom
Amazon
Many successful business took place on Musk’s basket SpaceX, SolarCity, and Tesla and after these all success and gain he was conscious about advance technology. He was curious how advance technology can change and effect in future.
Musk says it's "worth reading" Nick Bostrom's "Superintelligence," a book that makes the daring inquiry into what would happen if computational intelligence surpassed human intelligence. He has a deep interest on artificial intelligence.
Buy it here »

8. 'Zero to One: Notes on Startups, or How to Build the Future' by Peter Thiel
Amazon
Musk was inspired to read 'Zero to One: Notes on Startups, or How to Build the Future' by Peter Thiel. Thiel was a successful businessman and a billionaire investor. Thiel described in this book about startup philosophy which helps him for the further. One can gain knowledge and ideas  How to Build the Future by reading this book.
Buy it here »

9. Howard Hughes: His Life and Madness, by Donald L. Barlett and James B. Steele
Amazon
This book is A biography of the eccentric filmmaker and aviation tycoon who famously got a little nutty at the end of his life.Howard Hughes worked in multiple industries and he proved that its possible to worked in different sector. This concept of multi industry and sector based word and proven success inspired him.
Buy it here »

10. Merchants of Doubt, by Naomi Orestes and Erik M. Conway
Amazon
"Merchants of Doubt" is written based on political and industry connections, Public health issue  written by Naomi Orestes and Erik M. Conway. This book was about the cause and effect within environment, industry, public health and future industrialization. he also summarized the book as “Same who tried to deny smoking deaths r denying climate change.”
Buy it here »

These are the books helped to repair the subconscious mind of Elon Musk. In every step of his life these books helped him to come up with the right decision.

Saturday, August 12, 2017

SoftBank bolsters Flipkart's firepower to challenge Amazon in India

Image:Times of India
MUMBAI (Reuters) - India's Flipkart has secured nearly $2.5 billion in funding from Japan's SoftBank Group (9984.T), giving the online retailer more firepower to compete with Amazon (AMZN.O) in the country's burgeoning e-commerce market.

SoftBank's Vision Fund, the world's largest private equity fund, will invest close to $2.5 billion in Flipkart via primary and secondary share purchases, two sources familiar with the matter told Reuters.

Flipkart, which raised $1.4 billion in April from China's Tencent (0700.HK), online marketplace eBay (EBAY.O) and software giant Microsoft (MSFT.O), will now have more than $4 billion of cash, the Bengaluru-based company said in a statement on Thursday.

The deal comes just 10 days after SoftBank's attempts to forge a deal between Flipkart and smaller rival Snapdeal - and thwart Amazon's ambitions in India - fell apart following months of negotiations.

The investment is part of the same funding round that had raised the $1.4 billion and will make SoftBank's tech fund one of Flipkart's top shareholders.

It also underscores global investors' growing confidence in the Indian e-commerce sector where dominant players Flipkart and Amazon are not burning cash on deep price discounts as much as a few months ago.

"This battle is going to be fought and won on delivering better and more differentiated customer experience - by investments in areas such as logistics and technology," said Rohan Dhamija, a partner and head of India and South Asia at consultancy Analysys Mason.

Flipkart did not disclose its new valuation after the SoftBank investment, or which shareholders had sold stock in the secondary sale. The retailer said in April it had a valuation of $11.6 billion after the funding from Tencent and others.

Prior to the latest round, U.S. hedge fund Tiger Global, South Africa's Naspers and Indian venture capital firm Accel Partners were some of Flipkart's major backers.

One of the sources said that once the current round of financing closes, SoftBank Vision Fund would own roughly one-fifth of the company and displace Tiger Global as Flipkart's largest investor.

SoftBank, the biggest investor in India's leading cab hailing service Ola and top hotel aggregator Oyo, is keen to play a more active role in the country's e-commerce sector which is expected to drive sales upwards of $35 billion by 2020.

"We want to support innovative companies that are clear winners in India because they are best positioned to leverage technology and help people lead better lives," SoftBank Chief Executive Masayoshi Son said in the statement.

The Japanese conglomerate has poured nearly $1 billion into Snapdeal since 2014 and until 10 days ago had been trying for months to engineer an all-stock transaction between Snapdeal and Flipkart, as a means to secure a sizeable stake in the latter.

However, that plan soured after Snapdeal decided to remain independent.

Goldman Sachs and Citi advised Flipkart and SoftBank Vision Fund, respectively on the investment deal. Gunderson Dettmer and Khaitan & Co acted as legal advisors to Flipkart, while AZB & Partners advised Vision Fund.
Via: reuters

Monday, August 7, 2017

Google Fires Employee Behind Anti-Diversity Memo

 Google’s CEO Sundar Pichai said the claims in the memo were ‘contrary to our basic values’. Photograph: Mike Blake/Reuters
Internet giant Google has fired the male engineer at the center of an uproar in Silicon Valley over the past week after he authored an internal memo asserting there are biological causes behind gender inequality in the tech industry.

James Damore, the engineer who wrote the memo, confirmed his dismissal, saying in an email to Reuters on Monday that he had been fired for "perpetuating gender stereotypes".

Damore said he was exploring all possible legal remedies, and that before being fired, he had submitted a charge to the U.S. National Labor Relations Board (NLRB) accusing Google upper management of trying to shame him into silence.

"It's illegal to retaliate against an NLRB charge," he wrote in the email.

Google, a unit of Alphabet Inc based in Mountain View, Calif., said it could not talk about individual employee cases.

Google Chief Executive Sundar Pichai told employees in a note on Monday that portions of the anti-diversity memo "violate our Code of Conduct and cross the line by advancing harmful gender stereotypes in our workplace," according to a copy of the note seen by Reuters.

It was not immediately clear what legal authority Damore could try to invoke. Non-union or "at will" employees, such as most tech workers, can be fired in the United States for a wide array of reasons that have nothing to do with performance.

The U.S. National Labor Relations Act guarantees workers, whether they are in a union or not, the right to engage in "concerted activities" for their "mutual aid or protection".

Damore, though, would likely face an uphill fight to seek that protection based on his memo, said Alison Morantz, a Stanford University law professor with expertise in labor law.

"It's going to be a hard sell that this activity was either concerted or for mutual aid or protection, rather than simply venting or pitting one group of workers against the others, which does not sound very mutual," Morantz said.

Debate over the treatment of women in the male-dominated tech industry has raged for months. Claims of persistent sexual harassment in the ranks of Uber Technologies Inc and of several venture capital firms led to management shakeups.

Management at the largest tech firms, including Google, have publicly committed to diversifying their workforces, although the percentage of women in engineering and management roles remains low at many companies.

The U.S. Department of Labor is investigating whether Google has unlawfully paid women less than men. The company has denied the charges.

Damore asserted in his 3,000-word document that circulated inside the company last week that "Google's left bias has created a politically correct monoculture" which prevented honest discussion of diversity.

The engineer, who has a doctoral degree in systems biology from Harvard University, according to his LinkedIn page, attacked the idea that gender diversity should be a goal.

"The distribution of preferences and abilities of men and women differ in part due to biological causes and ... these differences may explain why we don't see equal representation of women in tech and leadership," Damore wrote in the memo.

He quickly received support in conservative media outlets. On Breitbart News, once run by Steve Bannon, now chief strategist to President Donald Trump, commentators overnight discussed whether to boycott Google and switch to services such as Microsoft Corp's Bing.

Google's vice president of diversity, Danielle Brown, sent a memo in response to the furor over the weekend, saying the engineer's essay "advanced incorrect assumptions about gender".
vIa: Reuters

Tuesday, August 1, 2017

Initiator of UNIT Factory Head of the educational programs at K.Fund

Valeria Zabolotna
Valeria Zabolotna
Initiator of UNIT Factory
Head of the educational programs at K.Fund

Valeria Zabolotna is a professional with extensive experience in consulting, organizational and managerial activities in the area of educational services and personnel management.
Combines work in commercial projects with educational activities as an associate professor at the Department of Social Psychology of the Faculty of Psychology of the Kyiv National University (since 2007).

Since 2013 Valeria has been the Director for Organizational Development at UDP development company, and since 2015 she has managed educational projects of Vasyl Khmelnitsky's K.Fund, including UNIT Factory. Prior to that, she worked as a certified teacher of the Edinburgh Business School (2011-2013) and Deputy Dean for International Relations of the Psychology Department of the Kyiv National University (2009-2011).

Valeria Zabolotna successfully combined psychological education (Faculty of Sociology and Psychology of Kyiv National University) and MBA (University of New Brunswick, Canada, specialized in e-commerce). In 2007 she defended her thesis. Valeria has published over 50 articles in professional Ukrainian and foreign periodicals.

First Vice President of the Ukrainian League of Industrialists and Entrepreneurs Founder of K.Fund

Vasyl Khmelnytsky 
Vasyl Khmelnytsky
An entrepreneur who pushes forward innovations in various sectors of the Ukrainian economy.
In 2015, Vasyl Khmelnytsky united his public activities within K.Fund. The fund’s goal is to help talented young people achieve success in Ukraine.

The largest K.Fund's project is the UNIT.City innovation park, opened in April 2017 in Kiev. Its key element is the next-gen educational institution UNIT Factory.

Among other initiatives supported by the businessman there are the Kyiv International Economic Forum (KIEF); the modern model of regional development “Bila Tserkva 2025”; Technology Companies’ Development Center (TCDC); modern secondary Novopecherska School in Kyiv; iLearn online platform for orphans and children from needy families; inter-corporate BIONIC University; book-publishing project Khmelnytsky’s Library.

Vasyl Khmelnytsky’s is the majority shareholder in UDP, a company specializing in large infrastructure projects. Those include Kyiv International Airport, Bila Tserkva industrial park, Ocean Plaza shopping mall, and residential complexes Novopecherski Lypki, the Boulevard of Fountains, RiverStone, and Parkove Misto. Mr. Khmelnytsky is also an investor in BIOFARMA (pharmaceuticals), Star Media (film and TV production) and RTM (national advertising operator).

Monday, July 31, 2017

World-Class IT Pros Trained in Ukraine

When a new generation IT school, 42 opened last year in the Silicon Valley, few people
in Fremont, California knew that a similar school had already been functioning in the
capital of Ukraine under the name of UNIT Factory. Both of these schools implement the
system of École 42, which has huge success in France.

Located in a newly-built complex in Kyiv center, UNIT Factory has no teachers,
schedules, lecture notes or traditional marks. It uses Peer 2 Peer pedagogy — a type of
participatory learning that allows students to unleash their creativity through project-
based learning. The program is based on gamification, as in role-playing computer
games: students upgrade their skills, open new levels and gain experience. Special
attention is paid to self-education, since this skill is vital for IT pros. And with all that,
training at UNIT Factory is free of charge to graduates who agree to work in Ukraine for
the further three years.

"The program prepares our graduates for work on real commercial projects. And we do
our best to ensure that students never lose their enthusiasm and desire to develop in the
chosen profession," — said Valeriya Zabolotna, Head of UNIT Factory.
The first wave of students has already been studying at UNIT Factory for more than
seven months, showing rapid progress and excellent motivation. The second enrollment
has already started: by the end of 2017 the number of students will be increased to 800
from today's 280. Candidates are taking online tests and undergoing interviews, the next
stage is trial periods (so-called "pools"). Students are selected not on the basis of their
educational degree or programming skills, but solely on their talent and motivation. A
year ago the selection campaign created quite a stir — more than 12,000 applications
were received during the first month.

It is noteworthy that UNIT Factory is not a standalone institution, but the key element of
the ecosystem of the UNIT.City innovation park opened in Kyiv in April, 2017. Both of
these projects were initiated by Vasyl Khmelnytsky's K.Fund. In the future, the park
promises to expand to a "city in the city," a hub of high-tech companies, investors and
talents.

UNIT Factory (Ukrainian National IT Factory)

UNIT Factory (Ukrainian National IT Factory) is a new educational institution located in Kyiv, where next-generation IT professionals are trained. Graduates of UNIT Factory receive a demanded profession that will allow them to participate in large-scale projects of the digital age.
Training according to the innovative system that operates successfully at École 42 in Paris*:
  • Peer-to-Peer method (P2P) — no teachers, schedules, lecture notes or traditional marks
  • teamwork and project-based learning
  • gamification, as in role-playing computer games: students upgrade their skills, open new levels and gain experience
  • skills of self-learning 
  • soft skills
  • open 24/7
* A similar system is used at School 42 in Silicon Valley (Fremont, California).

Training at UNIT Factory is free of charge to graduates who agree to work in Ukraine for the further three years.
Training lasts up to three years, but the course allows students to work at their own pace and rhythm, so it is possible to graduate earlier.

The students' selection process:
  • registration on unit.ua
  • online test
  • personal interviews
  • one month trial period ("pool")
UNIT Factory is open to anyone who is between 18 and 30, without regard to any academic criteria (diplomas, marks, etc.).

First enrollment (2016):
  • more than 13,000 applications; 
  • 600 candidates underwent the trial period; 
  • 280 people accepted into UNIT Factory in November 2017;
  • most of those enrolled are between 18 and 23 years;
  • among the first wave of students, 61% had only elementary level of programming before UNIT Factory, and 16% had no programming knowledge.
2017 selection process has already started. By the end of 2017 the number of students will be increased to 800.

UNIT Factory was initiated by Vasyl Khmelnytsky's K.Fund in partnership with the French École 42. The institution is the key element of the UNIT.City innovation park's ecosystem.

UNIT Factory's website: www.unit.ua