Tonight, I & Rashmi Sinha (An inspirting friend & Chief Executive at SlideShare.net) had a hot discussion over GoogleTalk on this fucked-up global financial system & it's impact over tech. I know, the subject-line of the mail is hillarious, but that applies to the sense of the discussion and the situation we're having in the system right now. I though, I should just share some thoughts to extend the discussion & invite all you to join-in... Grab a coffee & get ready to fly... ;)
In last whole month, I'm hearing & reading lot about the Global Credit Crunch we're having in our planet. I'm seeing people relating this crisis to each & everything which matters & even not matter at all. That is really crap!
I seriously hate when people directly relate technology with this crunch and then directly target India like this is the slowdown of Indian Technology Ecosystem; and it is more frustrating when many Indians itself support this crap-talk! My question why people act so blindly like our nation is all about off-shoring, why don't they see the innovation. Surely, a large part of our technology ecosystem is based on outsourcing, But that is not the only thing that defines the system, there is major part of innovation which is driven from small start-ups incubating to large enterprises, there is innovation driven by small technologists like us, there is innovation driven by the most talented pool of minds in whole world we have.
Let's take a typical Bangalore scenario. Out of city's 5.8 million population almost 1.6 million people work here for technology. And, you may be one of them. Let me be very specific here... You work for "technology"; you do not work for your big IT company. Give a big hug to Big Uncles that your piece of job which you thought you were working for your Big IT company, might be part of lay-off movement. You never know. And, you've seen it too that corporate-culture sucks. Especially in remotely controlled technology ecosystem like ours. This really sucks!
Crunch like these works typically as a fuel to more technological innovation. 8 years ago we've seen when the bubble burst during the start of this century. That was a similar situation, though the center that time was the world wide web, this time the center is the Wall-Street & Markets around the world. For example, Take a look at YouTube, Facebook, Skype, Ning, Mozilla, WebMD all these companies started right in the middle of the bubble's burst, all are valued over a billion dollar companies today.
Let's talk about the tech now... Look closely, technology is anywhere & everywhere. It is wheel that drives innovation. Finance, Money etc is definitely an essential part of the system which is build by technology. But look separately, technology alone always keeps moving, it is completely a different matter that large tech companies are in crisis now, because we've really fucked-up the whole planet-wide financial system! Both are part of same system, but specifically both are different things. That is why I called you you work for "technology"... So be proud that you work for technology, not for your company! You're a free bird!
Recently, I heard Barack Obama on saying via Krishna's blog...
Bigness of purpose is what separates 20th century and 21st century organizations: Yesterday, we built huge corporations to do tiny, incremental things - Tomorrow, we must build small organizations that can do tremendously massive things...
Definitely, this is a major shift we're witnessing. The trend is changing, this is a new era when new frontiers in technology / technology enabled systems will come up and redefine the system. And, we (India) have a major role to play... remember, you work for technology!
I'll just finish this mail with lines below...
- ...Get involved » more coffee » quit your job » start a company » crunch blooms entrepreneurship »»»
- ...We all have ideas. Those ideas, by themselves are worthless unless you enterprise them »»»
- ...It takes a lot to jump-in to entreprenuship, but trust me. It is even better than orgasm! »»»
- And, your twenties are time to take risks & it is a roller coaster ride »»»
- And, lastly... This is the best time to quit your job & start something you always dreamed about »»»
// Discussion on this is open here.
