Big companies such as Google and Facebook buy startups at ridiculously high prices - not for their products, but for their people.
From Vivek Wadhwa
Whenever I write about immigration, I hear heart-wrenching stories of computer workers who are unemployed and facing severe hardship.
Hiring foreigners is more expensive and more difficult than hiring locals, because of the visa fees and long lead times for visa processing. And companies face a backlash by anti-immigrant groups for hiring foreigners. So they do it only because they have to.
Once we increase the proportion of women in technical roles, the challenge is to retain them and ease the transition to senior positions.
Writing a book is usually a full-time job that takes years. I didn't have years. So I decided to crowdsource content for the book.
The best way of dealing with the press, customers, and critics is to come clean when things go wrong and admit when you make a mistake. We are humans, and no one expects us to be perfect.
In my first company, Seer Technologies, where I was chief technology officer, we shied away from the media. We watched every word and were guarded in front of journalists.
You will find that every successful entrepreneur has suffered many setbacks. These entrepreneurs just forget to mention these when they are doing interviews with the 'Wall Street Journal' or Bloomberg TV.
The most valuable lesson I learned in dealing with the ups and downs was to invest in my employees - to do all I could for them when the times were good.
The stereotypical successful entrepreneur is Mark Zuckerberg - the young college dropout who dreamed up a crazy idea while in his dorm room.
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