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Life Lessons From Satya Nadella

Smruthi Kishore

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When Satya Nadella was a child, his father hung a huge poster of Karl Marx in his room in order to push him towards education. In retaliation, his mother hung a larger picture of Lakshmi to remind him to be happy in whatever he does. While the kid in Nadella did not know what he wanted, he has become a source of inspiration to kids all over the world. He was obsessed with cricket as a child and took the lessons from the cricket field to his CEO chair. Here are some inspiring life lessons from Satya Nadella that keep pushing us to do better every day!

1. Compete with passion 

The first life lesson from Nadella’s playbook is to always compete with passion, be it in terms of adversity or intimidation. The key takeaway here is it to respect your competitor enough so that you do not lose sight of the bigger picture at the end of the day.

2. The team always comes first

For Satya, the team always comes first. Even when he was working as just an employee, he would work in tandum with the rest of his team. According to him, this is the best way to make sure you are respected.

3. Lay out your plans. 

In 2008, when Satya Nadella was appointed to head the Microsoft’s search portal and advertising platform group, he was perceived as a greenhorn, even though he was with the company for 15 years! Nadella sent out a memo to all his  employees, laying out objectives for the year that gave analysts a glimpse into his plans. His goals outlined in the note included developing a strong “destination search experience,” reinventing the MSN portal, scaling the company’s ad platform and emphasising innovation and agility at the group. The reason he was able to achieve his goal was because he laid out his plans without any loopholes, thereby giving his team the chance to know what was going on in the company.

4. Innovation trumps instiution 

For a long time now, we as a country have forgotten how to think in terms of innovation. Most people have an organisational and traditional mindset. What Nadella plans to do is change the structural thought process of a company that employes around 100,000 people. He relies on one simple belief; rely on innovation and not on the institution. According to him, this is when you achieve true innovation.

5. Hit refresh 

Another life lesson to learn from Satya is the fact that he never gave up on his dream. Fail, then start over again. Hitting refresh is one of the most important things to do in life because if you do not, then the big things will never come your way.

6. There is no “Me” anymore

Any big organisation is just one bad leader away from becoming a disaster. Nadella came down firmly in favour of a culture driven by individual initiative: “Every one of us needs to do our best work, lead and help drive cultural change. We sometimes underestimate what we each can do to make things happen and overestimate what others need to do to move us forward. We must change this,” said Satya in reference to this in a public meeting.

7. Keep your friends close and your enemies closer

Nadella believes that it is important to have a strong eye on your future. When it competitiors, always know what they are and keep polishing your strengths. Keep learning, reading and growing. This always helps you stay one step ahead in life.

8. Be grounded during challenges 

Satya Nadella is well aware that life (and business) is not always plain sailing. In a competitive business environment, it is tempting to hide away failures and show off achievements but it is important to reflect upon and learn from these challenges. If nothing ever goes wrong, there is no path for improvement.

9. Continuously reinvent yourself 

When Satya Nadella joined Microsoft, no one knew what cloud computing meant. He worked hard enough to know what was going to happen ten years down the line and reinventing himself did the trick!

10. Think big. Dream big and achieve big. 

Despite going to average schools and colleges, Nadella proved to us all that he could get what he wanted from dreaming big and working hard.

Work hard enough, dream long enough and create all the time. These are the three things that Satya Nadella has always believed in and if we do the same, we could also aspire to be where he is at today!

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Emerging Startup Stories

When Kickstarter Was Kickstarted!

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The summer of 2009 was quite remarkable for Perry Chen, Yancey Stricker and Charles Adler. It was that time of the year when their dream website Kickstarter was launched! Kickstarter is a New York based public benefit corporation known for building a global crowdfunding platform. The company brings creative projects to reality and is the go to platform for many entrepreneurs! There ain’t no middlemen, no loans and no grants. Sounds cool, right?

The inception of Kickstarter!

Back in 2005, the mastermind Perry met Yancey Strickler and they became good friends. In a friendly conversation, the duo started scribbling on a whiteboard their exceptional thoughts with regard to a crowdfunding platform! Later, Perry convinced his friends to give him a little bit of money. Months later, Perry was introduced to Charles Adler and so the rest you know! The three of the great minds started working on their ideas and turned it into a website.

After years of research, they finally launched the website in 2009 which was then flooded with tons of investors and projects.

Perry Chan, along with the American media editor, Yancey Stricker and American Web designer, Charles Adler came up with the idea of launching a website for the purpose of crowdfunding. Post the launch of their website, the founders spread word about Kickstarter in their friends circle. However, projects started coming in and people stepped up to support projects consequently. In January 2010,  the team moved into a tenement building in the Lower East Side of Manhattan. From 3,910 successful projects and $ 27,638,318 pledges in 2010, the firm was reaching new heights already! This was followed by 18,109 successfully funded projects and $ 319,786,629 pledges in the year 2012. In the year 2013 Perry stepped down from the position of the CEO and went on to become the Chairman. He was replaced by Yancey Strickler. The year of 2014 brought the company a huge raising $ 13.28 million, which became the most funded Kickstarter project in history!

Here’s what makes Kickstarter so interesting!

Kickstarter does not rely on affluent investors. The company opts for crowdfunding, in which loads of smaller investors make contributions. The investment could be as little as a $ 1 and there are basically no restrictions. The company generated its revenue by assessing a fee of 5 percent from projects that reached or surpassed their funding targets. Projects that did not meet their funding goals within a specified time period did not receive any money pledged to them, and they were not subjected to the fee. The company so far has funded thousands of projects from investor donations resulting in several hundred million dollars. Isn’t that huge?

Kickstarter has become extremely important in the startup ecosystem! From entrepreneurs to investors, Kickstarter is one damn platform that could get you what you desire!

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Entrepreneur Stories

Get Ready To Say Goodbye To Yahoo Messenger On 17 July

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Let us take a dig at those nostalgic days when Yahoo instant messenger was a big thing! Remember those funky emojis? Oh, yes! How could you forget those stylish yet cute avatars that you could change instantly! Well, get ready to say a final goodbye to Yahoo messenger on 17 July.

According to the latest reports, Oath, the subsidiary of telecommunications giant Verizon, who operates Yahoo, announced the final wrap up of Yahoo Messenger. Yahoo’s spokesperson said,

Yahoo Messenger will no longer be supported after July 17, 2018. Until then, you can continue to use the service normally. After July 17, you’ll no longer be able to access your chats and the service will no longer work.

The current users who are still clinging to the old messaging service will be redirected to the new group messaging app Squirrel. Users will have six months to download their chat history! For more than a month now, Yahoo has been testing beta testing the Squirrel app. It will be open to the public once the Yahoo Messenger shuts down. However, those who are looking to try out the Squirrel app right now can request for beta access.

Yahoo on its official website said,

We know we have many loyal fans who have used Yahoo Messenger since its beginning as one of the first chat apps of its kind. As the communications landscape continues to change over, we’re focusing on building and introducing new, exciting communications tools that better fit consumer needs.

The Yahoo Messenger was launched in 1998 and was a big hit with the users! However, with time, the app appeared to lose its captivation as the competition got intense. Over the years, the app came up with a lot of updates to keep its users hooked to it. From redesigning the app, to bringing up new features, Yahoo did try surviving in the messaging platform but, couldn’t make it. The users did not find the messenger fascinating enough and eventually switched to other apps. Anyway, It is time to say goodbye to our once favourite messaging app, Yahoo messenger!

You will always be our first and favourite messaging app. 

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Entrepreneur Stories

Another bet slips off Amazon, PremjiInvest takes 6% Stake In Future Retail

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The year 2018 has been quite famous with a number of deals and acquisitions taking place in the Indian business market!

Speaking about the much hyped Flipkart-Walmart deal, that took place recently had everyone glued to the news. With regard to the Flipkart-Walmart deal, the e commerce giant Amazon Inc., lost its bet on Flipkart to the US retail behemoth Walmart. The Indian business market recently noticed an interesting investment between two firms!

The famously known Czar of the Indian IT, Azim Premji’s firm PremjiInvest, bought 6 % stake in Kishore Biyani’s Future Retail Ltd., for a whopping $ 251 million! The acquisition happened in a bulk deal! PremjiInvest, bought the stake in a bulk deal from Cedar Support Services Ltd., a subsidiary of Bharti Ventures Ltd., It purchased the stake from Bharti Group, which owns a 9 % stake in Future Retail.

Kishore Biyani, the Founder and CEO of Future Group, said in an interview,

PremjiInvest is one of the larger investors in the consumer space in India. They are also investors with us in Future Lifestyle Fashion (4% stake.)

The value of the transaction is around $ 251 million, of which Future Retail, will get up to $ 85.2 million through a clawback provision. A clawback is a provision which is a special contractual clause, typically included in employment contracts by financial firms, by which money already paid must be paid back under certain conditions.

In an interview, with regard to the e commerce giant Amazon Inc.,

Mr. Biyani said,

We are not in discussions of any stake sale at the moment

Earlier this year, there were talks about the CEO of Amazon, Jeff Bezos aligning with Mr. Biyani to discuss the strategic alliance. Alongside, back in March, there were reports that Amazon was about to acquire a 10 % stake in Future Retail! Well, looks like the ball is not in Amazon’s court!

As of now, Future Retail owns, the Indian hypermarket, supermarket and home segments with other significant brands such as  Big Bazaar, Easy Day and Foodhall.

With the two major acquisitions already slipping off, let us see what else is in store for Amazon in the future!

 

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