In 1996, there was a company that came into being called Webvan, which promised deliveries in 30 minutes.
They raised more than $400 million and were valued at $4 billion at their peak in 2000.
In 2001 they shut down
This was for 30 minutes. What will happen for 10 minutes?
Every startup owner today has to paste the Thirukkural, "Yaakavarayinum Naakaka Kaavakal Sogappar sollirku pattu" in the most prominent location at their office
Particularly when you are living in the Internet age where nobody forgets anything and your statement will come back
Some guys, thanks to the new found frenzy and thanks to the US Fed going mad in printing dollars, think they are Gods gift to mankind and are taking potshots at profitable companies and industries, that have existed for a long time.
Only time will tell who will win.
If you win, then good.
But if God Forbid you lose, your statements are going to come back. faster than an Australian Boomerang and hit your ass so badly, that you will never get up.
Remember Rahul Yadav? If you don't, you know what I am talking about.
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I think the most famous verse from the Bhagwad Geeta, at least in India is Chapter 2, Verse 47, where most people say, "Do your duty and forget about the result".
The thing is, it's not actually its true meaning. The verse doesn't mean you forget about the result.
The true meaning of the verse is that you should detach yourself from the result.
Because, it is the attachment to result that causes all problems.
If you get too attached, when you work hard and fail, then you get into depression, sadness and anger.
Which is very sad
Because that affects all your further actions.
You life becomes a cycle stand where one thing falls over another, and then suddenly your entire life is gone.
OTOH, if you work hard and succeed, and if you are too attached. You get excited. You become egoistic.
I saw some tweet, which said Indians didn't innovate because we chose to be IT coolies.
As a former Coolie myself, once upon a time, I too had such thoughts.
I used to think this IT outsourcing is the bane of India, is killing innovation and should be banned.
Now that I am older (not old), I think IT industry was what was required when it came into being, 30 years ago. It was not what we deserved, but what we needed
One of the main catalysts for innovation is social security. And, Not looking for the next meal, is a pre requiste.
When we started IT outsourcing, we needed something that will generate jobs. Lots of them. Jobs for a population on the cusp of a young, demographic dividend.
The IT industry did, and is doing that. Quite successfully.
Funny story regarding electrification of Indian Railways.
The first electric train ran in 1925, From CST (VT then) to Kurla, via the Harbour line.
Now because it was 1925, the state of the art technology for electric locomotion was 1500 V DC.
So the British used it
Thanks to the Edison vs Tesla memes, You know how sad DC is, as it can't be transmitted over long distances and needs sub stations every 5 kms.
But the Brits went with it and electrified sections till Igatpuri and Pune on the Central Railway.
Then India became independent.
So when we were deciding what form of Electricity was to be used for electrifying Railways in 1957, the French had perfected the 25kv AC for locomotion.
It was more powerful and helped in high speeds. And the French promised us Locomotives and support.