Bayka

Jan 25

PPF shift for Startups

There is this concept of production possibility frontier (PPF) in Economics. It is often visualized as a curve that represents the optimal allocation of resources between producing two different products - see PPF1 curve on the diagram above. Point A is one such possible optimal allocation achieved by, say, Company A. However, you will realize that this curve is not always a perfect representation of reality. In fact, most companies do not operate on the optimal curve (point B), and there are...

Bayka

Jan 3

"You're either crazy, or you know what you're doing"

14 years ago I left one of the leading software outsourcing companies & amazing career to start my own company - Empatika. I doubt you know the name of the company, but probably (at least 7m users worldwide) you do know App in the Air, which I have co-founded with my colleagues from Empatika. I have recently left App in the Air after almost 12 years of building & growing the company from scratch. This was amazing and unforgettable experience & I think now is the right time to reflect on it. I...

Bayka

Jan 31

Big thinking & hackathons

One of the traits of large companies is "big thinking". By this, I mean they plan on a grand scale, measuring their progress in months, quarters, and years. This can be a dangerous habit for a startup founder, since they should be thinking and acting on a daily, weekly basis. So how can one learn to unlearn this? Hackathons have been a great help to me. First we attended external ones, but eventually we started organizing internal ones. A hackathon is a 24-hour marathon of programming aimed a...