From 600+ conversations with the world’s leading thinkers.
We characterise our ideal 'Substacker' in affectionate terms – we call them outsider nerds – they're outsiders insofar as they don't fit comfortably in the dominant media structure for whatever reason – perhaps they feel they can do better work outside of it They're nerds insofar as they're especially knowledgeable or passionate about a particular subject area.
In the early days it was controversy… I remember, back then, thinking that there was something good about not being acceptable to everyone… it made us stand out from the crowd, and courted press attention.
Being an entrepreneur is no harder than working for someone else; it's simply a different experience. I completely agree that the whole narrative of entrepreneurship being excessively hard is exaggerated and fundamentally untrue.
Necessity is the mother of invention, and so a lot of the time – you'll find that when your back is against the wall, that's when you'll come up with your best ideas. Right now, during this pandemic, some of the world's greatest businesses will be invented.
I would not have believed anyone if they had told me that within eighteen months I would have lost 99 per cent of my $4 billion fortune and would be pursued almost to the brink of bankruptcy by seven major banks… I would have found it impossible to contemplate that I would be treated like a pariah in my home country, saddled with $1 billion in debts and hated as a man who had supposedly almost single-handedly brought down an economy. But that is exactly what happened…
So many people say, 'Jacqueline, I would love to change the world- but I don't know my purpose yet…' Purpose doesn't come to people sitting at the starting blocks and thinking about purpose. You have to live it.
The UAE has a rich history of trade and has, for centuries, offered fertile grounds for dreamers to pursue their entrepreneurial aspirations. The UAE also has a history of opening its home to people from all over the world, and this diversity brings with it a unique opportunity of creating new markets and businesses.
I started my entrepreneurship journey straight out of college, and at the time my goal was simple. I didn't want a real job, and I didn't want to wear a suit…. Anything more than that was a bonus.
I believe many of our new generation of entrepreneurs put too much significance on money, and not enough on ideas. If you have a great idea, and the skills to execute that idea, the money will come.
I was studying at Xavier's College, Mumbai doing my 11 standard, and I was taken ill with Typhoid. I was recuperating at home, and my closest friend Manisha saw a poster put-up in college which was basically a shout-out to all aspiring actors to audition for a campus based TV show. She knew I'd just done a 2 month production oriented drama workshop at Prithvi Theatre, and she called me and said, '…would you be interested? They're asking for pictures!' – I didn't have any, and didn't know how to go about getting headshots, and I wasn't well!
Jeff and I tried our best but all our father could say is, 'when I'm gone, the business is yours…' – number 1, we didn't want our Dad to go.. and number 2, it was clear the business would be gone before he was. The business was dying.
One of the ideas you hear often is that in America there is a culture where not only is it ok to fail, but it's almost expected – like a badge of honor. This is true to a point but that implies a cut-throat culture that is more legend than reality.