An intriguing learn-from-failure investment manual with a hard-edged practical side.
A business book on the nature of startup failure and success.
As this work begins, entrepreneur Undheim, who previously wrote Leadership From Below (2008), immediately tackles the age-old idea that success breeds success, citing a much broader and more flexible notion of what leads to success in venture capitalism and startups. In these pages, he seeks to differentiate between simple failure—in which nothing is advanced, no attitudes are changed, and nothing is learned—and something he calls “reflexive failure,” an entirely richer and more fruitful process. For failure to be instructive, Undheim writes, “it must have a deep cost in time and energy.” People shouldn’t seek out failure, of course, but they should seek risks, which can very often not work out as intended. The author urges readers to get a feel for the rules of disruption while always keeping in mind the potential downsides of both failure and success. Building a startup demands a lot of attention—“sometimes more [than] you have to give,” Undheim writes. “The risk is high. Is it truly worth risking your kids’ college savings? Your job? Your ability to pay the mortgage?” In clear, engaging prose, the author offers many specific examples; the sheer number of unsuccessful startups mentioned in these pages is, in its own strange way, curiously uplifting. There’s also plenty of insightful generalization, as when the author reminds readers, for instance, that the process of innovation isn’t simply mechanistic, because businesses are social systems governed by many interlocking forces. Undheim’s book is very clearly not for beginners, but experienced venture capitalists will find much of his outside-the-box thinking to be thought-provoking.
An intriguing learn-from-failure investment manual with a hard-edged practical side.Pub Date: May 1, 2020
ISBN: 978-1-64764-728-5
Page Count: 226
Publisher: Atmosphere Press
Review Posted Online: May 1, 2020
Review Program: Kirkus Indie
Jobs was an American original, and Isaacson's impeccably researched, vibrant biography—fully endorsed by his subject—does...
An unforgettable tale of a one-of-a-kind visionary.
With a unique ability to meld arts and technology and an uncanny understanding of consumers' desires, Apple founder Steve Jobs (1955–2011) played a major role in transforming not just computer technology, but a variety of industries. When Jobs died earlier this month, the outpouring of emotion from the general public was surprisingly intense. His creations, which he knew we wanted before we did, were more than mere tools; everything from the iPod to the MacBook Pro touched us on a gut level and became an integral part of our lives. This was why those of us who were hip to Steve Jobs the Inventor were so moved when he passed. However, those who had an in-depth knowledge of Steve Jobs the Businessman might not have taken such a nostalgic view of his life. According to acclaimed biographer and Aspen Institute CEO Isaacson (American Sketches: Great Leaders, Creative Thinkers, and a Heroes of a Hurricane, 2009, etc.) in this consistently engaging, warts-and-all biography, Jobs was not necessarily the most pleasant boss. We learn about Jobs' predilection for humiliating his co-workers into their best performances; his habit of profanely dismissing an underling's idea, only to claim it as his own later; and his ability to manipulate a situation with an evangelical, fact-mangling technique that friends and foes alike referred to as his "reality distortion field." But we also learn how—through his alternative education, his pilgrimage to India, a heap of acid trips and a fateful meeting with engineering genius Steve Wozniak—Jobs became Jobs and Apple became Apple. Though the narrative could have used a tighter edit in a few places, Isaacson's portrait of this complex, often unlikable genius is, to quote Jobs, insanely great.
Jobs was an American original, and Isaacson's impeccably researched, vibrant biography—fully endorsed by his subject—does his legacy proud.Pub Date: Oct. 24, 2011
ISBN: 978-1-4516-4853-9
Page Count: 448
Publisher: Simon & Schuster
Review Posted Online: Oct. 27, 2011
Kirkus Reviews Issue: Nov. 15, 2011
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BOOK REVIEW
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Sure to generate debate, and of special interest to adherents of free market capitalism.
A book-length assertion that capitalism’s woes can be traced to government interventionism.
Sharma, an investments manager, financial journalist, and author of The 10 Rules of Successful Nations, The Rise and Fall of Nations, and other books, opens with the case of his native India. The author argues that it should be in a better position in the global marketplace, possessing an entrepreneurial culture and endless human capital. The culprit was “India’s lingering attachment to a state that overpromises and under-delivers,” one that privileged social welfare over infrastructure development. Much the same is true in the U.S., where today “President Joe Biden is promising to fix the crises of capitalism by enlarging a government that never shrank.” Refreshingly, Sharma places just as much blame on Ronald Reagan for the swollen state that introduced distortions into the market. Moreover, “flaws that economists blame on ‘market failures,’ including wealth inequality and inordinate corporate power, often flow more from government excesses.” One distortion is the government’s bloated debt, as it continues to fund itself by borrowing in order to pay for “the perennial deficit.” As any household budget manager would tell you, debt is ultimately unsustainable. Wealth concentration is another outcome of government tinkering that has, whether by design or not, concentrated wealth into the hands of a very small number of people, “a critical symptom of capitalism gone wrong, both inefficient and grossly unfair.” Perhaps surprisingly, Sharma notes that in quasi-socialist economies such as the Scandinavian nations, such interventions are fewer and shallower, while autocratic command economies are doomed to fail. “[T]oday every large developed country is a full-fledged democracy,” he writes, and the more freedom the better—but that freedom, he argues, is undermined by the U.S. government, which has accrued “the widest budget deficit in the developed world.”
Sure to generate debate, and of special interest to adherents of free market capitalism.Pub Date: June 11, 2024
ISBN: 9781668008263
Page Count: 384
Publisher: Simon & Schuster
Review Posted Online: March 22, 2024
Kirkus Reviews Issue: April 15, 2024
BOOK REVIEW
BOOK REVIEW
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