What is the hardest decision you have made in your lifetime?

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China’s Social Credit System

World Since 1920 / East Asia in the 20th century China since 1912 When America China sneezes, the whole world gets a cold. Long term, is it a good idea to take China’s money? Will China’s model for growth which extracts a heavy sacrifice and toll from its people, be sustainable? Development of republic 1912-20: old order disintegrated Interwar years 1920-37: growth of Chinese Communist Party (CCP) War against Japan 1937-45: 2nd Sino-Japanese War after 1st 1894–95 Kuomintang: anti-communism, Chinese nationalism, reunification Chinese Communist ideologies: dynamic to safeguard the party's rule Emergence of the People’s Republic of China economic reform: 60-point plan Internet  social credit: Sesame Credit > Gamification | e-Commerce: alibaba | internet sovereignty | messaging: tencent | search: Baidu orphans: Half the Sky social radar: dissent 2015 population: two-child policy | economy: market meltdown | October: Conflict in South China Sea in general: communist propaganda hip-hop…what!?: rap-aganda | food safety | buy anything: lightinthebox | consumer marketing: prcdirect      books/movies: propaganda: Propaganda Bernays | #1 movie: Monster Hunt | fragile: Red Capitalism Walter | history: In Search of History White | investing: The Chinese are coming, and they’d like to buy your house Francis

China’s social credit system (BBC)


Focus like the point of a pencil

by scott pickard

Innovation Entrepreneurship in general: http://blog.gcase.org/ | bootcamp: www.nxlevel.org | CEOs: Business Rock Stars | credit card: founderscard | education: deshpandefoundation, http://edcorner.stanford.edu, www.kauffman.org | entrepreneurship 101: www.fasttrac.org | focus: Focus like the point of a pencil sp | food & restaurants | handmade: craftsvilla, elo7 brazil, etsy > DIY | kids: lemonadeday | microloans to entrepreneurs: www.kiva.org | MIT Forum: http://enterpriseforum.mit.edu | napkin entrepreneurs | necessity entrepreneurship | news: quibb | research and teaching: www.effectuation.org | social networking: Global Entrepreneurship Network, TIE | startup religion: www.moltz.com | TV: shark tank | workspace for entrepreneurs: dogpatchlabs | young entrepreneurs: extremetour, lemonadeday , livewire 16-30 elevator pitch: You've only got 3 minutes sp | pitch yourself: crushpath failure: Failure is inevitably a part of discovery. | forums: Failure:Lab | How business failure paves the way to success | mistakes in judgement: jump the shark resiliency: The best thing to do to stay calm and deal with the risk of starting a business is to think of the worst thing that can happen to you (bankruptcy, being sued, going broke, getting divorced....) and then figure out a plan to deal with it and recover from the worst-case scenario by breaking apart each problem and figuring out a solution.  Once you go through this thought process and convince yourself that you can survive this adversity, then you can move forward with resolve and not constantly fret over the risk.  This is entrepreneurial resiliency. sp self-assessment: Are you willing and able to bear great financial risk? Are you willing to sacrifice your lifestyle for potentially many years? Is your significant other on board? Do you like all aspects of running a business? Are you comfortable making decisions on the fly with no playbook? What’s your track record of executing your ideas? How persuasive and well-spoken are you? Do you have a concept you’re passionate about? What is it about you and your team that gives an investor confidence that you will succeed? social entrepreneurship: avaaz | food: growingpower | funding: theimpactengine | getup | incubators: theimpactengine, unreasonableinstitute | L3C | moveon | performance management of human services: socialsolutions | prizes: The Purpose Prize | the feast | therespublica students: funding: nciia | note-taker | solar farm | under30ceo your idea: What is so badly broken in the industry that consumers are desperately seeking a solution? What is your solution? How big is the market? How do you make money? How do you plan to reach your customer? What is it about you and your team that gives an investor confidence that you will succeed? books: Entrepreneurship Kuratko | failure: Adapt: Why Success Always Starts with Failure Harford, Bounce! Moltz | The New Artisans Dupon | The One-Hour Activist Kush

focus like a pencil

One of the most dangerous traps an entrepreneur can fall into is to get unfocused and spread thin across too many things they can do. The old saying is a mile wide and an inch deep. An entrepreneur friend once told me that the venture capitalist that funded him made him see the wisdom of “focusing like the point of a pencil” to get one product to market, because entrepreneurs consistently underestimate how much energy and focus it takes to accomplish that feat.

- sp -

Faith and Science

[ from A Man of Faith by scott pickard ]

I am a man of faith, and a man of science.  For me, scientific and spiritual views are compatible.  Otherwise, how else can you answer these questions:

  • Why is there something instead of nothing?
  • Why are we here?

It’s truly amazing if not a miracle that the universe follows mathematical algorithms so precise that we can use these algorithms to land a man on the moon.  Both science and spiritual are at work here, because something must be behind all this. It could not be a random accident.

I don’t know the answer, but I have “faith” that there is a profound truth behind it all that is outside scientific explanation.

- sp -