Entrepreneurship - Abhishek Chakraborty

Black Swan Bias: Rare Events Don’t Happen Everyday

There’s wisdom in the saying, “Lightning never strikes (the same place) twice.” Black Swan events maybe rare but the distortions caused by them don’t disappear for a long time.

The Perks of Being Resourceful

Mark Watney is hands down one of my favourite characters from a movie or a book. Apart from his one-liners and uplifting sense of humour (even in the direst of situations), what makes Mark Watney standout from the rest of us is his limitless resourcefulness.

Success Comes With a Price Tag

Like everything, even success comes with a price tag. The key is figuring out what that price is and being willing to pay it. The problem however is that the price of a lot of things is not obvious (or remain hidden) till the very end.

Problem Trading: Why We Should Learn to Live With Our Problems

It’s interesting that the most practical problem-solving lessons are business lessons. It’s because the stakes are real in business and you have real skin in the game. If you don’t make the right decisions, death is certain. In fact, the default outcome for any startup is death. This means you have

Smart People Should Disagree With You

Being contrarian is often critical to the process of becoming massively valuable. If you can bet on something that nobody agrees with, and win, there’s nothing like it. I’ve written on this topic at length, but turns out that wasn’t enough. It’s still easily misunderstood, which is a shame.

Listen to the Suck with Curiosity

Using two stories (one long and one short) I’ll introduce you to a framework that explains the relationship between persistence and stubbornness, and the difference between false fails and true fails.

That One Quality of a Good Decision Maker

A startup that has been in business for about two years, and that is growing pretty well, has just been offered a billion dollars. The twenty-something founder, after considering the offer long and hard, refuses to pass.

What Disasters Can Teach Us About Good System Design

The Chernobyl disaster didn’t happen simply because of Soviet Communist top-down regime. The Challenger disaster didn’t happen simply because of the O-ring seals failure. These so called “root causes” are part of many reasons, and they are definitely not the main reason.