In our part of the world, a few more reasons for not disclosing the terms of a sale include:
Cultural preference for keeping one's cards close to one's chest, not just in business but in life in general. The nail that sticks out, etc
A tendency for many entrepreneurs to see selling out as, well, selling out
Not wanting the neighbours, not to mention the taxman, to be aware of the details
Data really is scarce on the ground in Asia, much more so than in the US. The consequence of this, of course, is that people not in the know end up making poor estimates and assumptions, some downright stupid. When those assumptions start to spread in the market, it gets very hard for the original parties to correct the now prevalent misapprehensions.
Excerpt: "“How did it go?” I asked a young Frenchman when he’d finally retrieved something akin to a normal breath after the 7.2kilometer individual time trial at the recent Tour of Friendship race in Thailand."
Excerpt: "We've seen digital technology disintermediate everything from record
companies to university curriculum. Yet banking has remained rather
immune to all this disruption. Sure, ATMs and online banking may threaten the bank teller's union,
but central banking's monopoly over money has hardly budged. Just like
we have to get our food from real plants and animals, we have to get our
money from real banks. Or at least it appears that way to most of us."
Excerpt: "Late one Friday morning, Rajat Gupta was rushing through security at Philadelphia International Airport, carry-on in tow, when his cellphone rang. When Gupta heard from Goldman Sachs, on whose board he sat, it was often from its chief executive, Lloyd Blankfein."
Sogou is a company that is best known for its software that
helps people use a standard QWERTY keyboard to type Chinese characters.
They recently integrated search results into their typing software
interface and a Tech in Asia blogger writes that, "I think this move has the potential to change the way Chinese users
search, and maybe even the way they interact with their computers on a
more fundamental level."
He says further that:
"Sogou’s current implementation of input method search is limited to
specific kinds of searches, but it doesn’t have to stay that way. In
fact, it doesn’t have to stay search-oriented at all. Imagine simply
typing the name of a brand’s product and then purchase that product
directly from the desktop in the input method GUI. Or typing the name of
a friend from inside any program to bring up a video chat with them, or
even share your screen with them. The possibilities are virtually
endless, and in moving into input method search, Sogou may have taken us
one step closer to a world where users interact much more quickly with
the web by not using a browser at all."
the need for a browser is one of the things apps do. Still, he is right
that Sogou's method makes the process of interacting with one's device
even easier. For one thing, you don't need to search for, download and
use a dedicated app -- that just replaces the browser with an app.
I'd like to see whether some Western company picks up
this idea and runs with it. Imagine seeing search results while you were
writing an email in Outlook or composing a blog post. Yes, it sounds
messy and reminiscent of Microsoft's "Smart Tags",
but done right, I think it could be quite a useful addition to all
computers. All you'd need to interact with your computer or phone would
be one simple empty text box into which you typed in commands, friends'
names, things to shop for, places to search for, whatever, and it would
pull up the appropriate application, search result, map, video-calling
service... No more folders, icons or browser tabs to open.
I certainly wouldn't have appreciated why this Sogou
development was important if not for taking Chinese language lessons
What should CEOs of young businesses do every week? Here's a great list. Not only for tech companies.
Excerpt: "As a first time CEO, there were times when I would sit at my desk and think, “What should I be doing today?” This feeling was especially strong after every financing round closed. After our seed round, we had defined the product and the engineers were coding it. I didn’t code."
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