Rajh is a serial entrepreneur with ventures in knowledge process outsourcing, hospitality, retail, IT and e-commerce. He has over 25 years of corporate experience and expertise in key roles of leadership, strategy, planning & management. Rajh is especially skilled at developing new profit centers within scheduled timelines and costs while ensuring operational efficiencies through long-term strategic planning. His core expertise includes delivering customized and cost-effective solutions to meet the operational and financial goals of the organization and its stakeholders. Rajh holds an MBA in Marketing from the University of Mumbai.
How do you know when it’s time to give up? When does an idea go from focused hits to achieve a breakthrough to pointless hammering at an unbreakable wall? When does it make sense to keep going and when is it better to walk away?
No matter what they claim, most people have fallen prey to a scam, at least once in their lives. From simple cons at the vegetable market to major scams in the stock market, everyone has a story. Once they know they’ve been had, most people get extremely suspicious as a way to counter getting tricked. A more useful reaction is to understand why you get fooled. Why do we look past what seems quite obvious in retrospect? The answer lies in psychology and the con-men know it best.
To understand machine bias, we must first define the word ‘bias'. The Cambridge dictionary defines ‘bias’ as the action of supporting or opposing a particular person or thing in an unfair way. We are all guilty of biases, both harmless and harmful.
Recently, I came across a post from a venerated angel investor, who I hold in high regard. He had written about gaming traction, stating that entrepreneurs sell to their friends and family to show a good product-market fit to investors in the initial stages.
This is a very hard topic. We’ve all heard of fraud in the realm of start-ups. Most of us have experienced it and the rest have at least heard of it happen to someone we know.
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