Weekend Reading

This week’s links:

  • Why Education startups don’t succeed: by Avichal Garg. “Most entrepreneurs in education build the wrong type of business, because entrepreneurs think of education as a quality problem. The average person thinks of it as a cost problem.”
  • A Silicon Valley school that doesn’t compute: from NYTimes. “[The] 160 Waldorf schools in the country…subscribe to a teaching philosophy focused on physical activity and learning through creative, hands-on tasks. Those who endorse this approach say computers inhibit creative thinking, movement, human interaction and attention spans.”
  • The Global Innovation 1000: from strategy+business. “Booz & Company’s annual study shows that spending more on R&D won’t drive results. The most crucial factors are strategic alignment and a culture that supports innovation.
  • The hazards of confidence: by Daniel Kahneman. “Our predictions were little better than random guesses, but we continued to feel and act as if each particular prediction was valid.”
  • Sharad Pawar Interview: from the Indian Express. A remarkably candid interview. “The government is taking on a massive burden. My estimate after handling the ministry for seven years is that the food subsidy will be around Rs 1.15-1.20 lakh crore and this will affect the overall economy. I am worried that the subsidy will almost be the same for fuel, around Rs 80,000 crore for fertilisers, and NREGA is another Rs 40,000 crore. If so much is spent on subsidies, what is left for development?”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.