Blog

01 Dec

Today is a special day, just minutes ago, we announced our first institutional round of investment totaling $12.5 million for gWallet. It was led by Adams Street Partners, Trinity Ventures, and included various other prominent investors. You can read the formal press release is here: http://www.gwallet.com/press/gwallet_closes_funding.html

As many of you know, I originally created gWallet to be a platform for offers in the coupon space. We tried that and changed our direction. I’m probably the most critical person and I’ve set the bar pretty high for myself. I sold my first Company for $40 million at 18, my second one for $300 million at 25, and at 27 started gWallet. Even though the coupon space was interesting, it wasn’t quite big enough of a challenge for me. I also have an important philosophy when it comes to business that I even mentioned in my book. Here’s an excerpt from it:

“Most people think they need to know exactly what they want to do when they start a business, but they’re wrong. If you go into something with a very specific plan, you might be so focused on your goal that you won’t see the promising opportunities that present themselves as you make your way along. Take the blinders off. Look around. Don’t be afraid to go off on all sorts of unusual directions, since that’s where you might just find the most unusual—and promising—opportunities.”

That’s why we changed our focus and became a platform in the virtual currency space. And have had tremendous success thus far. It’s a new, multi-billion dollar market with a bigger challenge and something I feel we can dominate.

And, even though we raised $12.5 million – that just means the journey officially begins for us. The formula to success is going to be on hiring the best rockstars, innovating, and most importantly executing. The capital will give us great resources to open new offices throughout the world, launch our several product initiatives, and even potentially acquire companies.

I’m very excited about this milestone. I always felt – the third time can be a charm. And, I am hoping I can create #3, to be even bigger then my prior 2. With God by my side, I think I may have a great shot at this.

Steve Jobs once said these four words in a speech – and they’ve resonated with me since. “Stay Hungry, Stay Foolish.” To me this means – to never forget where you came from, and most importantly, never forget where you want to go.”


Here’s to another incredible journey…

03 Nov

As you know, gWallet recently entered the virtual currency space, and I’m extremely bullish about our entry in this industry. Just yesterday, one of our users bought $1200 worth of digital goods. Five years ago, no one would have ever predicted that someone would buy $5 worth of in-game currency.

That said, last week was a trying one for the virtual goods industry. First, Anu Shukla of Offerpal and Michael Arrington in this video mixed it up at the Virtual Goods Summit, and then Arrington published several articles exposing the sleazier side of the offer industry.

To us, this disruption is exciting. We entered this space because of its phenomenal growth potential, but we were also attracted by the relative lack of sophistication of our competition. Like all businesses, the offer marketplace revolves around supply and demand. (Supply is applications and virtual worlds that support virtual currency, and demand equals advertisers.) We excel at working with advertisers; we proved this at both ClickAgents (acquired by ValueClick in 2000 for $40 milion) and BlueLithium (acquired by Yahoo in 2007 for $300 million).

When we took a look at the offer business, however, we immediately realized that the demand side of this business is broken. No one is working directly with advertisers to help them understand and appreciate the value of this marketplace. Michael Arrington did a great thing by exposing the weaknesses associated with this model, and his words are starting to wake people up.

Last week I was on a panel at the 80/20 conference with some of my competitors, and I outlined what I think is broken in the industry and how we plan on fixing it.

Here are some of the points I made:

· In order for a marketplace to work, supply and demand need to operate in synch. In the offer business, all of my competitors are sourcing advertisers through affiliate networks. Most of these affiliate networks don’t offer any transparency to the advertiser: the advertiser often doesn’t know where its inventory is appearing, since it’s blended with traffic from other sites. It’s like adding water to soup; it may be palatable, but it’s not as nutritious as the real thing. To be successful, a company like ours needs to work directly with advertisers and agencies and implement tracking that can deliver the best ROI possible. You can’t do this by just rotating affiliate links.

· Over the last ten years, we’ve developed long-lasting relationships with major brands like GM and Anheuser-Busch. That’s why we’ve walked away from many of the shady offers our competitors are working. Over the long-term, you can’t make money by deceiving both consumers and advertisers. It’s just bad karma, and sooner or later, it will bite you in the ass. We’re introducing large advertisers and agencies into this vertical, and to our surprise, none of our competitors have even approached them. It just reminds me how unsophisticated this industry is and why we’re so excited to fix it.

· This system is not good for publishers, either. Sooner or later, when our competitors shun shady offers, there will be a huge price correction in this space. Some developers who are making upwards of $10,000 a day in revenue are in for a rude shock. The funny thing is, many of them already know this. The big players realize that they can’t go public with this kind of suspect revenue, and they are taking aggressive steps to remedy the problem. We applaud companies like Zynga that are saying no to offer scams. It will take longer for smaller players to realize that the high eCPMS to which they have become addicted are ultimately bad for business, but they will realize it soon enough.

· Bringing large brands and agencies into this space requires an extensive amount of education. You have to teach these players how to create value; you have to create specific social media offers that are different from traditional advertising or affiliate network buys. For example, for subscription-based advertisers, we’re designing offers right now in which advertisers pay $X for a new user, and if that user subscribes to their product for Month 2 or Month 3, they receive a residual bounty.

· Technology is not just talk; it is the underlying asset that enables both supply and demand to work in synch. Right now, our competitors are almost openly dismissive about the importance of technology. At the 80/20 conference, for example, the largest competitor in our space declared that “they don’t optimize; they just outperform.” Translation: “Meaning, we have no technology but we’re doing something cosmetic.” If you’re a company like Zynga, is this really the answer you want to hear? This kind of approach provides no scale, long-term sustainability, or value; it’s just a bunch of hand-waving. We’ve learned how important technology is based on my prior two ventures in the ad network space, where technology was the cornerstone to our success.

· We love developers in this space. It’s amazing how social gaming has changed the fundamental business model of a gaming company. And it’s only going to get bigger when the right monetization engine is in place for this marketplace.

I’m a strong believer that the right player with the right platform can create substantial value inside this ecosystem. I remember when I started ClickAgents. We were probably the 30th ad network to enter the market, but just two years later, we had carved out a leadership role in the marketplace. When I started BlueLithium, we may have been the 300th ad network, but three and a half years later, we proved that through data and analytics, a startup can create tremendous value.

In conclusion I want to apologize to Michael Arrington for Anu Shukla’s response to his question during her panel discussion at Virtual Goods Summit. When someone challenges you about a legitimate industry issue, you shouldn’t need to resort to verbal abuse or profanity; you should address them in a way that proves your model through logic and reason. Anytime someone uses vulgarity, it shows that you’d rather use noise to make your statement speak louder than your reason. So for that, I’m sorry, Michael, but thank you for waking this industry up.

15 Oct

This is one of my favorite speeches of all times and was given by Steve Jobs at Stanford’s 2005 graduation ceremony. His philosophy of life and business is very similar to what I also believe in. That’s why, he’s truly a rock star and huge mentor to our industry. Hopefully, one day I also have the chance to share a similar message in a similar ceremony. Enjoy!

I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I’ve ever gotten to a college graduation. Today I want to tell you three stories from my life. That’s it. No big deal. Just three stories.

The first story is about connecting the dots.

I dropped out of Reed College after the first 6 months, but then stayed around as a drop-in for another 18 months or so before I really quit. So why did I drop out?

It started before I was born. My biological mother was a young, unwed college graduate student, and she decided to put me up for adoption. She felt very strongly that I should be adopted by college graduates, so everything was all set for me to be adopted at birth by a lawyer and his wife. Except that when I popped out they decided at the last minute that they really wanted a girl. So my parents, who were on a waiting list, got a call in the middle of the night asking: “We have an unexpected baby boy; do you want him?” They said: “Of course.” My biological mother later found out that my mother had never graduated from college and that my father had never graduated from high school. She refused to sign the final adoption papers. She only relented a few months later when my parents promised that I would someday go to college.

And 17 years later I did go to college. But I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents’ savings were being spent on my college tuition. After six months, I couldn’t see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. And here I was spending all of the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK. It was pretty scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn’t interest me, and begin dropping in on the ones that looked interesting.

It wasn’t all romantic. I didn’t have a dorm room, so I slept on the floor in friends’ rooms, I returned coke bottles for the 5¢ deposits to buy food with, and I would walk the 7 miles across town every Sunday night to get one good meal a week at the Hare Krishna temple. I loved it. And much of what I stumbled into by following my curiosity and intuition turned out to be priceless later on. Let me give you one example:

Reed College at that time offered perhaps the best calligraphy instruction in the country. Throughout the campus every poster, every label on every drawer, was beautifully hand calligraphed. Because I had dropped out and didn’t have to take the normal classes, I decided to take a calligraphy class to learn how to do this. I learned about serif and san serif typefaces, about varying the amount of space between different letter combinations, about what makes great typography great. It was beautiful, historical, artistically subtle in a way that science can’t capture, and I found it fascinating.

None of this had even a hope of any practical application in my life. But ten years later, when we were designing the first Macintosh computer, it all came back to me. And we designed it all into the Mac. It was the first computer with beautiful typography. If I had never dropped in on that single course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts. And since Windows just copied the Mac, its likely that no personal computer would have them. If I had never dropped out, I would have never dropped in on this calligraphy class, and personal computers might not have the wonderful typography that they do. Of course it was impossible to connect the dots looking forward when I was in college. But it was very, very clear looking backwards ten years later.

Again, you can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.

My second story is about love and loss.

I was lucky — I found what I loved to do early in life. Woz and I started Apple in my parents garage when I was 20. We worked hard, and in 10 years Apple had grown from just the two of us in a garage into a $2 billion company with over 4000 employees. We had just released our finest creation — the Macintosh — a year earlier, and I had just turned 30. And then I got fired. How can you get fired from a company you started? Well, as Apple grew we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually we had a falling out. When we did, our Board of Directors sided with him. So at 30 I was out. And very publicly out. What had been the focus of my entire adult life was gone, and it was devastating.

I really didn’t know what to do for a few months. I felt that I had let the previous generation of entrepreneurs down – that I had dropped the baton as it was being passed to me. I met with David Packard and Bob Noyce and tried to apologize for screwing up so badly. I was a very public failure, and I even thought about running away from the valley. But something slowly began to dawn on me — I still loved what I did. The turn of events at Apple had not changed that one bit. I had been rejected, but I was still in love. And so I decided to start over.

I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.

During the next five years, I started a company named NeXT, another company named Pixar, and fell in love with an amazing woman who would become my wife. Pixar went on to create the worlds first computer animated feature film, Toy Story, and is now the most successful animation studio in the world. In a remarkable turn of events, Apple bought NeXT, I returned to Apple, and the technology we developed at NeXT is at the heart of Apple’s current renaissance. And Laurene and I have a wonderful family together.

I’m pretty sure none of this would have happened if I hadn’t been fired from Apple. It was awful tasting medicine, but I guess the patient needed it. Sometimes life hits you in the head with a brick. Don’t lose faith. I’m convinced that the only thing that kept me going was that I loved what I did. You’ve got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don’t settle.

My third story is about death.

When I was 17, I read a quote that went something like: “If you live each day as if it was your last, someday you’ll most certainly be right.” It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself: “If today were the last day of my life, would I want to do what I am about to do today?” And whenever the answer has been “No” for too many days in a row, I know I need to change something.

Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything — all external expectations, all pride, all fear of embarrassment or failure – these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.

About a year ago I was diagnosed with cancer. I had a scan at 7:30 in the morning, and it clearly showed a tumor on my pancreas. I didn’t even know what a pancreas was. The doctors told me this was almost certainly a type of cancer that is incurable, and that I should expect to live no longer than three to six months. My doctor advised me to go home and get my affairs in order, which is doctor’s code for prepare to die. It means to try to tell your kids everything you thought you’d have the next 10 years to tell them in just a few months. It means to make sure everything is buttoned up so that it will be as easy as possible for your family. It means to say your goodbyes.

I lived with that diagnosis all day. Later that evening I had a biopsy, where they stuck an endoscope down my throat, through my stomach and into my intestines, put a needle into my pancreas and got a few cells from the tumor. I was sedated, but my wife, who was there, told me that when they viewed the cells under a microscope the doctors started crying because it turned out to be a very rare form of pancreatic cancer that is curable with surgery. I had the surgery and I’m fine now.

This was the closest I’ve been to facing death, and I hope its the closest I get for a few more decades. Having lived through it, I can now say this to you with a bit more certainty than when death was a useful but purely intellectual concept:

No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true.

Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma — which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.

When I was young, there was an amazing publication called The Whole Earth Catalog, which was one of the bibles of my generation. It was created by a fellow named Stewart Brand not far from here in Menlo Park, and he brought it to life with his poetic touch. This was in the late 1960’s, before personal computers and desktop publishing, so it was all made with typewriters, scissors, and polaroid cameras. It was sort of like Google in paperback form, 35 years before Google came along: it was idealistic, and overflowing with neat tools and great notions.

Stewart and his team put out several issues of The Whole Earth Catalog, and then when it had run its course, they put out a final issue. It was the mid-1970s, and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words: “Stay Hungry. Stay Foolish.” It was their farewell message as they signed off. Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you.

Stay Hungry. Stay Foolish.

Thank you all very much.

02 Sep

Similar to the speech I posted about Bryan Dyson. Here’s a motivational speech given by Indra Nooyi, president and CFO of PepsiCo ( PEP ), at the Columbia University Business School graduation ceremonies on May 15. A little long, but definitely worth the inspirational read it delivers.

Good evening, everyone.

Dean Hubbard, distinguished faculty, honored graduates, relieved parents, family, and friends, it’s a distinct pleasure to be in New York City this evening to celebrate the biggest milestone to date in the lives of you, the young men and women before us: your graduation from Columbia University Business School.

It may surprise you, graduates, but as big a night as this is for you, it’s an even bigger night for your parents. They may look calm and collected as they sit in the audience, but deep inside they’re doing cartwheels, dancing the Macarena, and practically speaking in tongues, they’re so excited. This is what happens when parents anticipate that their bank accounts will soon rehydrate after being bone-dry for two years. So, for everyone here this evening, it’s a very special occasion. And I’m delighted to share it with you.

I am keenly aware that graduates traditionally refer to our time together this evening as the calm before the storm. Some graduates — perhaps those who minored in self-awareness — refer to the commencement address as “the snooze before the booze.” However you describe my comments this evening, please know that I understand. It wasn’t that long ago that I was in your place. And I remember the day well. I knew that I owed my parents — my financial benefactors — this opportunity to revel in our mutual accomplishment. Yet, as the guy at the podium droned on about values, goals, and how to make my dreams take flight, I remember desperately checking and rechecking my watch. I thought, “I deserve to party, and this codger’s cramping my style!”

In one of life’s true ironies, I am now that codger. Well…I’m the female equivalent. A codg-ette, I guess. And I now understand that values, goals, and how to make dreams take flight, really are important. So being a firm believer that hindsight is one of life’s greatest teachers, allow me to make belated amends.

To that distinguished, erudite, and absolutely brilliant man whom I silently dissed many years ago: mea culpa. Big, BIG mea culpa!

This evening, graduates, I want to share a few thoughts about a topic that should be near and dear to your hearts: the world of global business. But, I’m going to present this topic in a way that you probably haven’t considered before. I’m going to take a look at how the United States is often perceived in global business, what causes this perception, and what we can do about it. To help me, I’m going to make use of a model.

To begin, I’d like you to consider your hand. That’s right: your hand.

Other than the fact that mine desperately needs a manicure, it’s a pretty typical hand. But, what I want you to notice, in particular, is that the five fingers are not the same. One is short and thick, one tiny, and the other three are different as well. And yet, as in perhaps no other part of our bodies, the fingers work in harmony without us even thinking about them individually. Whether we attempt to grasp a dime on a slick, marble surface, a child’s arm as we cross the street, or a financial report, we don’t consciously say, “OK, move these fingers here, raise this one, turn this one under, now clamp together. Got it!” We just think about what we want to do and it happens. Our fingers — as different as they are — coexist to create a critically important whole.

This unique way of looking at my hand was just one result of hot summer evenings in my childhood home in Madras, India. My mother, sister, and I would sit at our kitchen table and — for lack of a better phrase — think big thoughts. One of those thoughts was this difference in our fingers and how, despite their differences, they worked together to create a wonderful tool.

As I grew up and started to study geography, I remember being told that the five fingers can be thought of as the five major continents: Europe, Asia, Africa, and North and South America. Now, let me issue a profound apology to both Australia and Antarctica. I bear neither of these continents any ill will. It’s just that we humans have only five fingers on each hand, so my analogy doesn’t work with seven continents.

Clearly, the point of my story is more important than geographical accuracy!

First, let’s consider our little finger. Think of this finger as Africa. Africa is the little finger not because of Africa’s size, but because of its place on the world’s stage. From an economic standpoint, Africa has yet to catch up with her sister continents. And yet, when our little finger hurts, it affects the whole hand.

Our thumb is Asia: strong, powerful, and ready to assert herself as a major player on the world’s economic stage.

Our index, or pointer finger, is Europe. Europe is the cradle of democracy and pointed the way for western civilization and the laws we use in conducting global business.

The ring finger is South America, including Latin America. Is this appropriate, or what? The ring finger symbolizes love and commitment to another person. Both Latin and South America are hot, passionate, and filled with the sensuous beats of the mambo, samba, and tango: three dances that — if done right — can almost guarantee you and your partner will be buying furniture together.

This analogy of the five fingers as the five major continents leaves the long, middle finger for North America, and, in particular, the United States. As the longest of the fingers, it really stands out. The middle finger anchors every function that the hand performs and is the key to all of the fingers working together efficiently and effectively. This is a really good thing, and has given the U.S. a leg up in global business since the end of World War I.

However, if used inappropriately — just like the U.S. itself — the middle finger can convey a negative message and get us in trouble. You know what I’m talking about. In fact, I suspect you’re hoping that I’ll demonstrate what I mean. And trust me, I’m not looking for volunteers to model.

Discretion being the better part of valor…I think I’ll pass.

What is most crucial to my analogy of the five fingers as the five major continents, is that each of us in the U.S. — the long middle finger — must be careful that when we extend our arm in either a business or political sense, we take pains to assure we are giving a hand…not the finger. Sometimes this is very difficult. Because the U.S. — the middle finger — sticks out so much, we can send the wrong message unintentionally.

Unfortunately, I think this is how the rest of the world looks at the U.S. right now. Not as part of the hand — giving strength and purpose to the rest of the fingers — but, instead, scratching our nose and sending a far different signal.

I’d challenge each of you to think about how critically important it is for every finger on your hand to rise and bend together. You cannot simply “allow” the other four fingers to rise only when you want them to. If you’ve ever even tried to do that, you know how clumsy and uncoordinated it is.

My point here is that it’s not enough just to understand that the other fingers coexist. We’ve got to consciously and actively ensure that every one of them stands tall together, or that they bend together when needed.

Today, as each of you ends one chapter in your young lives and begins another, I want you to consider how you will conduct your business careers so that the other continents see you extending a hand…not the finger. Graduates, it’s not that hard. You can change and shape the attitudes and opinions of the other fingers — the other continents and their peoples — by simply ascribing positive intent to all your international business transactions. If you fail, or if you are careless, here’s a perfect example of what can happen:

A U.S. businesswoman was recently in Beijing, China, on an international training assignment for a luxury hotel chain. The chain was rebranding an older Beijing hotel. As such, the toilets in the hotel had yet to be upgraded. There were no porcelain commodes, just holes in the floor. Until recently, this was the standard procedure in China.

Now, 8,000 miles removed from the scene, you and I — and most Americans — can shake our heads and giggle at the physical contortions and delicate motor skills necessary to make the best of this situation. We’re simply not used to it. But to loudly and insultingly verbalize these feelings onsite, in front of the employees and guests of the host country, is bush league. And yet, that’s exactly what this woman observed.

In the hotel’s bar, the woman overheard a group of five American businessmen loudly making fun of the hotel’s lavatory facilities. As the drinks flowed, the crass and vulgar comments grew louder, and actually took on an angry, jingoistic tone. While these Americans couldn’t speak a word of Chinese, their Chinese hosts spoke English very well, and understood every word the men were saying.

And we wonder why the world views many Americans as boorish and culturally insensitive. This incident should make it abundantly clear. These men were not giving China a hand. They were giving China the finger. This finger was red, white, and blue, and had “the United States” stamped all over it.

Graduates, it pains me greatly that this view of America persists. Although I’m a daughter of India, I’m an American businesswoman. My family and I are citizens of this great country.

This land we call home is a most loving and ever-giving nation — a Promised Land that we love dearly in return. And it represents a true force that, if used for good, can steady the hand — along with global economies and cultures.

Yet to see us frequently stub our fingers on the international business and political stage is deeply troubling. Truth be told, the behaviors of a few sully the perception for all of us. And we know how often perception is mistaken for reality.

We can do better. We should do better. With your help, with your empathy, with your positive intent as representatives of the U.S. in global business, we will do better. Now, as never before, it’s important that we give the world a hand…not the finger.

In conclusion, graduates, I want to return to my introductory comments this evening. I observed that as big a night as this is for you, it’s an even bigger night for your parents. I ascribed their happiness to looking forward to a few more “George Washingtons” in their bank accounts. While this is certainly true, there is another reason.

Each of your parents believes that their hard work has paid off. Finally! They believe that maybe — just maybe — they have raised and nurtured the next Jack Welch, Meg Whitman, or Patricia Russo.

Don’t disappoint them. Don’t disappoint your companies. And don’t disappoint yourselves.

As you begin your business careers, and as you travel throughout the world to assure America’s continued global economic leadership, remember your hand. And remember to do your part to influence perception.

Remember that the middle finger — the United States — always stands out. If you’re smart, if you exhibit emotional intelligence as well as academic intelligence, if you ascribe positive intent to all your actions on the international business stage, this can be a great advantage. But if you aren’t careful — if you stomp around in a tone-deaf fog like the ignoramus in Beijing — it will also get you in trouble. And when it does, you will have only yourself to blame.

Graduates, as you aggressively compete on the international business stage, understand that the five major continents and their peoples — the five fingers of your hand — each have their own strengths and their own contributions to make. Just as each of your fingers must coexist to create a critically important tool, each of the five major continents must also coexist to create a world in balance. You, as an American businessperson, will either contribute to or take away from, this balance.

So remember, when you extend your arm to colleagues and peoples from other countries, make sure that you’re giving a hand, not the finger. You will help your country, your company, and yourself, more than you will ever know.

Thank you very much.

14 Aug

If you need any words of encouragement. Here’s a speech I recently came across that resonates with me on what “balance” really means in life. Hope it does for your as well…

Imagine life as a game in which you are juggling some five balls in the air. You name them – work, family, health, friends and spirit and you’re keeping all of these in the air. You will soon understand that work is a rubber ball. If you drop it, it will bounce back. But the other four balls – family, health, friends and spirit – are made of glass. If you drop one of these, they will be irrevocably scuffed, marked, nicked, damaged or even shattered. They will never be the same.

You must understand that and strive for balance in your life.

How?

Don’t undermine your worth by comparing yourself with others. It is because we are different that each of us is special.

Don’t set your goals by what other people deem important. Only you know what is best for you.

Don’t take for granted the things closest to your heart. Cling to them as they would your life, for without them, life is meaningless.

Don’t let your life slip through your fingers by living in the past or for the future.

By living your life one day at a time, you live ALL the days of your life.

Don’t give up when you still have something to give. Nothing is really over until the moment you stop trying.

Don’t be afraid to admit that you are less than perfect. It is this fragile thread that binds us to each together.

Don’t be afraid to encounter risks. It is by taking chances that we learn how to be brave.

Don’t shut love out of your life by saying it’s impossible to find time. The quickest way to receive love is to give; the fastest way to lose love is to hold it too tightly; and the best way to keep love is to give it wings.

Don’t run through life so fast that you forget not only where you’ve been, but also where you are going.

Don’t forget, a person’s greatest emotional need is to feel appreciated.

Don’t be afraid to learn. Knowledge is weightless, a treasure you can always carry easily.

Don’t use time or words carelessly. Neither can be retrieved.

Life is not a race, but a journey to be savored each step of the way.

05 Aug

Gurbaksh Chahal on Facebook

26 Jun

We live in a very fickle world these days. If you ask the ordinary youth these days – what they would do for fame, it’s quite alarming. Just hang out in L.A. a bit and you might even get more shocked. Maybe, it’s the glamour – the image of being important that attracts them. But, then you see the handful examples of the true legends our society creates…you tend to second-guess if that’s life you really want to live.

Take for example, Michael Jackson, a true musical legend by any degree. A guy – whose music resonates through many generations and will be remembered for many more. If you asked anyone including the media what they thought of him last week – the words they would use would be “weird, bizarre, etc.” And they would bring up the scandals, the negatives (true or not)…but that’s what society thought defined him.

Now, unfortunately, he passes away – and the entire world finally gives this person the respect for his talent.  I just find it awkward that it takes society a persons death to finally recognize the positives one brings. I can also see how being in these surroundings the definition of “real” could easily fade.

It’s amazing that when you do live this life – whether you’re guilty or not of an allegation – you’ve already forever tainted your image. Doesn’t look all that glamorous of a life to me.

The loss of this legend – gives all of us a true awakening that we should appreciate life and never take it for granted. And, may also shed us light on how being a “superstar” maybe a pretty lonely place up top.

06 May

The Amazon Kindle has the same traits as the Apple iPod did. It’s a device that becomes a platform for content. Publishers are slow to move on it but should welcome this – rather than drag their feet much like the music industry did. It took a technology innovator like Apple to revolutionize the music industry. Amazon, The Kindle, has the ability to do the same for content.

The easier you can allow a consumer to consume content – it will result into higher consumption – which will generate higher revenues for the industry and content owner. So, everyone still gets a piece of the pie. And eventually that pie gets bigger.

An added benefit for the kindle, it’s better for the environment. It helps transition us to a more paperless society. And not to forget, for the struggling publications/newspapers that are trying to cut costs to survive in today’s digital society – it gives them access to distribution.

Think 10 years ahead – wouldn’t ever every student and environmentalist be happy to see that we don’t need to print millions of copies of textbooks and carry them around.

It’ll give a whole new meaning to a back pack…

Here’s more on the interview I did today with Neil Cavuto on the Kindle.


19 Mar

Hello Everyone,

As you all know, gWallet is now live and in beta. We’re gearing up for our first ever summer internship program. If your a driven person looking to be an innovative start up environment then we want to hear from you! Based on the various job tasks – most will be located in our San Francisco headquarters. However, we do have a few openings that can be remotely based. Internship opportunities can lead to full-time employment.

For more information – please send your resume to: hr@gWallet.com

Look forward in hearing from you.

Gurbaksh Chahal

07 Mar

I was invited to speak at the 5th Anniversary Nanubhai Gala Event in New York City. Nanubhai is a charity that I recently learned about that further enhances public education in rural areas of India. What touched me the most about this charity was the fact that it promotes education across both genders.

India is one of the most populous countries in the world but also has the biggest disparity between the rich and poor. Any foundation that tries to enrich the lives of individuals definitely catches my attention – and Nanubhai is definitely trying to fix a void that exists in India’s society today.

To learn more about Nanubhai – you can visit: http://nanubhai.org/

To see pictures from the event you can also vist: http://www.facebook.com/album.php?aid=226988&id=532615110&l=8b099

For those of you that missed the event, below is the transcript of my speech.

Good Evening everyone.

First of all – I’d like to thank Nanubhai for inviting me here today.

I’m 26 and I feel truly blessed that god’s given me a chance to reach my dreams at an early age. Twenty-Three years ago when my parents first came to this country – my father had a strict agenda in mind for me.  No surprise here, but he wanted either me to be a doctor or engineer. My father had arrived with $25 in his pocket through a lottery-based visa, but his heart was full of dreams. “Education is the key that opens all the locks to all the doors in the world. My four children will become doctors and engineers. Maybe even both!” he would say. That didn’t necessarily happen – but with God’s blessing by our side – we all became very successful.

As a child, I never realized what the importance of education was or why it meant so much for them until several years later. And, that came down to resilience and sacrifice.

If I were to point out a true hero in my life, a person that defied all odds to make everything happen for us – that would be my grandmother. In rural India, she was a single mother that raised my father. Especially in those tough times, education for women wasn’t allowed or accepted as part of society. So, she picked chilies, did various farming jobs to make ends meet – for only one dream of hers. And, that was to give her son, my father, the proper education he needed to thrive and realize his dreams.

While my grandmother wasn’t given a chance to receive proper education – this setback further instilled discipline and courage for my father to succeed. My father went on to get an English degree and with that was able to have a successful career in America.

This is what attracted me to Nanubhai. I feel the progress they’ve made even in the particular region of Gujarat to promote education across both genders is amazing. It’s providing hope, direction, and most of all a journey of a lifetime for these adolescence.

I know during these tough economic times – it’s tough to be involved in organizations – so I’d like to thank all of you for supporting this organization today but I also commend the organizers and volunteers for continuing their vision in making this happen. Not only am I happy of their efforts and support this cause. But, if my grandmother and parents were here at this event today, they would be too.

Thank you very much. And I wish everyone a great 2009!