Both help address major risks that face early-stage companies: market risk (that you can reach customers in a sustainable way) and product risk (that customers want what you’re building).

Pursuing both traction and product in parallel will increase your chances of success by both developing a product for which you can actually get traction and getting traction with that product much sooner.

Quote from The Technology Fallacy (Management on the Cutting Edge)

“In many ways, full-time work doesn’t “need” to exist now. If people were content with the standard of living as it was one hundred years ago, they would need to work only about seventeen weeks per year. Instead, people work harder and adapt their skill sets to improve their quality of life.”

The new trinity of AI

Data – China’s success at AI has relied on good data | Technology Quarterly | The Economist

It just needs software, powerful computers and data—the new trinity of AI.

Quote from The Technology Fallacy (Management on the Cutting Edge)

When respondents reported that their organizations provide them with the resources and opportunities to thrive in a digital environment, 72 percent of them said that their digital initiatives were successful. When respondents said their company did not provide them with opportunities and resources, however, only 24 percent reported successful digital initiatives.

Quote from The Technology Fallacy (Management on the Cutting Edge)

Unless you have a good sense of where you are heading, your short-term objectives could lead you in the wrong direction. Deloitte’s John Hagel laments that most companies don’t look far enough ahead when thinking about digital strategy. Instead of the one- to three-year time frame that most companies use for digital strategy, Hagel advocates using a ten- to twenty-year timeframe in addition to these short-term goals.

The 18 Books I Read in 2019

The 18 Books I Read in 2019

It somehow did not feel like I read this much. This is probably due to the fact that there were quite a few short and fun books that were not really that memorable, but still worthwhile reading.

5 Stars

  • Elon Musk: Tesla, PayPal, SpaceX (Biography) – While Musk may not be the nicest person, he’s absolutely inspiring. Well-written book.
  • Radical Candor (Business) – Absolutely amazing book about leadership and managing people.

4 Stars

  • A Practitioner’s Guide to Account-Based Marketing (Biz) – An excellent book that shows how to bring marketing and B2B-sales together!
  • Becoming (Biography) – Quick and enlightening read about the Obamas. Don’t expect it to be political.
  • Playing For Keeps (SciFi) – Fun and quick read about second-class superheroes.
  • Measure what Matters (Biz) – I always liked the concept of OKRs. This book adds a lot of context, but could be more specific regarding implementation.

3 Stars

  • The Algebraist (SciFi) – A fun read of hard science fiction, at times a bit too lengthy, the end a little bit anticlimactic.
  • Solarstation (SciFi) – Another fun and quick read, not very deep, but plenty of action.
  • The Enemy Stars (SciFi) – Hard SciFi with the premise that teleporting is possible, but it is mainly about the interaction of a small group of people in crisis. Decent, but feels like the 50s.
  • Fish (Motivation) – Quick read that I got as a gift. Doesn’t really stand out, but useful for people looking for a starting point.

2 Stars

  • Altered Carbon (SciFi) – I abandoned watching the show. The book is okay.
  • Wenn es auch unmöglich scheint (Spirituality) – A classical Buddhist story retold.

1 Star

  • The Cat Who Walks Through Walls (SciFi) – I like the early books from Heinlein, but the later ones dilute a good story with his strange ideas on society and relationships
  • Business Adventures: Twelve Classic Tales from the World of Wall Street (Biz) – A collection of true stories, but not on Business, but on Finance, and that made it boring for me.
  • Cloud Atlas (SciFi) –I liked the movie much better. On the positive side, finally the story made sense, although to me the story was rather boring.

Children’s Books

  • Blackthorn Series – Set in the 17th century, this is a great series full of riddles and secrets, and it holds great values for children. The reading of the German audio book is extremely well done.
  • Lucifer Junior – Even though the main character is the son of the devil, this is fun reading for children, again with good values.
  • Schrecksenmeister – Not the best, not the worst book by Walter Moers

Quote from The Cat Who Walks Through Walls

Reading old Scifi sometimes makes me chuckle: we reached this point in the 90s:

“I use Sony Megawafers, each good for half a million words, each two centimeters wide, three millimeters thick, with information packed so densely that it doesn’t bear thinking about.”