Thursday January 18, 2018

Silicon Valley is more than a region, it is a culture

Perkash said an important characteristic is that Silicon Valley is a culture that embodies entrepreneurship.

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Treadmill company. Image Source: www.popsugar.com
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  • Silicon Valley is not just a region in California that stretches from San Francisco to San Jose, and it is not just the home of tech giants such as Google, Apple and Facebook
  • She and her two co-founders wanted to form a startup using technology to improve the lives of people
  • Perkash said Silicon Valley’s connectedness and collaborative nature fuel the startup culture here

Running a company with a treadmill inside, in the middle of Silicon Valley, is not what Monisha Perkash had imagined when she and her parents immigrated to the U.S. from Nepal.

“When I first moved out here, I got a call from my father, who was living in Texas, and he said, ‘You know, Monisha, I’ve looked all over the map and I can’t find the Silicon Valley anywhere,'” Perkash said.

Silicon Valley location. Image Source: www.siliconvalleyrelocation.net
Silicon Valley location. Image Source: www.siliconvalleyrelocation.net

Silicon Valley is not just a region in California that stretches from San Francisco to San Jose, and it is not just the home of tech giants such as Google, Apple and Facebook. Perkash said an important characteristic is that Silicon Valley is a culture that embodies entrepreneurship. This culture is infectious, and it touched Perkash when she came to Silicon Valley.

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“At first my parents were very confused. I had started out pre-med and I got into medical school, and when I chose not to go, they didn’t understand why,” said Perkash, who is co-founder and chief executive officer of Lumo Bodytech.

She and her two co-founders wanted to form a startup using technology to improve the lives of people. They created Lumo Bodytech to develop wearable sensors.

Lumo Body Tech wearable sensor. Image Source: www.theregister.co.uk
Lumo Body Tech wearable sensor. Image Source: www.theregister.co.uk

One of their products, Lumo Run, can be worn on a runner’s waistband to track the person’s movements. Paired with a mobile phone, it can give the runner personalized coaching. Another sensor, the Lumo Lift, is worn in the collar area of a shirt and vibrates when the wearer slouches, as a reminder to sit up.

Journey of co-founders

Lumo Bodytech’s co-founder and chief operating officer, Charles Wang, said the sensors will help improve posture and reduce the risk of injuries and back pain.

Charles Wang MD, co-founder of Lumo Body Tech. Image Source: thedoctorweighsin.com
Charles Wang MD, co-founder of Lumo Body Tech. Image Source: thedoctorweighsin.com

“There are a lot of studies that show posture being highly correlated with back pain, back health,” said Wang, who was born in the U.S. of parents from Taiwan.

He initially followed the path many immigrant parents envisioned for their children. Wang was a physician and practiced medicine before deciding to become an entrepreneur. He said his parents were very supportive.

“I think for them it was just about, ‘Can you find something to do that you really care about and passionate about doing,'” Wang said.

The third co-founder, Chief Technology Officer Andrew Chang, said being part of a startup is unlike any previous job he has experienced: “You can’t even compare the speed that you move at, the speed at which you make decisions, in which things happen and so on and so forth, because there is a lot less bureaucracy.”

Chief Technology Officer Andrew Chang. Image Source: www.lumobodytech.com
Chief Technology Officer Andrew Chang. Image Source: www.lumobodytech.com

Chang added, “There’s a lot of people here that really want to change the world. We’re at a point in time where we have all the technical infrastructure in place to allow for that to happen, to have a small group of people to make dramatic improvements that can ricochet all across the world just because of how connected we are now.”

Making parents proud

Perkash said Silicon Valley’s connectedness and collaborative nature fuel the startup culture here. Seeing the success of her startup has been a source of joy for her parents, she added.

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“I want to make them proud, and I want them to know that by giving us this opportunity to pursue anything we want, pursue our dreams, that I’m carrying that on. So in a lot of ways, it’s honoring them that I do what I do,” Perkash said.

For anyone who wants to follow in her footsteps, Perkash’s advice is to not fear failure but embrace it as an opportunity to learn.

Source: VoaNews

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Facebook might lose $23 billion

This planned change sparked fears people will spend less time on the site, leading to its share stock suddenly dropping.

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Facebook shares fell down by 4% after Mark Zuckerberg announced a change in News Feed feature.
Facebook shares fell down by 4% after Mark Zuckerberg announced a change in News Feed feature.
  • Facebook recently was on the verge of losing $23 billion after they decided to make some changes in the News Feed feature.
  • The change was announced in order to make the time spent on the social networking site more meaningful.
  • However, the change leads to a 4% fall in the share of the Facebook.

Facebook was on course to lose 17 billion pounds ($23 billion) of its value after it announced it was making changes to its News Feed feature that will allow users to see more updates from family and friends than posts from businesses, brands and media.

Facebook share fell 4 percent within hours after Facebook CEO Mark Zuckerberg announced the changes to make the social network more meaningful, The Sun reported.

This change was supposed to make Facebook more meaningful. Pixabay
This change was supposed to make Facebook more meaningful. Pixabay

This could also result in lining them up for its worst financial position in more than three months — and Zuckerberg losing $3.3 billion of his own personal net worth.

“One of our big focus areas for 2018 is making sure the time we all spend on Facebook is time well spent. We built Facebook to help people stay connected and bring us closer together with the people that matter to us,” Zuckerberg posted on Facebook late on Thursday.

The CEO said that Facebook has got a feedback from the community that public content — posts from businesses, brands and media — is crowding out the personal moments that lead us to connect more with each other.

The change will show more posts by family and friends instead of brands and businesses, Pixabay
The change will show more posts by family and friends instead of brands and businesses, Pixabay

“We’re making a major change to how we build Facebook. I’m changing the goal I give our product teams from focusing on helping you find relevant content to help you have more meaningful social interactions,” he said.

“As we roll this out, you will see less public content like posts from businesses, brands, and media. And the public content you see more will be held to the same standard — it should encourage meaningful interactions between people,” Zuckerberg added.

This planned change sparked fears people will spend less time on the site, leading to its share stock suddenly dropping.

Zuckerberg admitted that the new changes might not pay off at first, but believes it is important users have more meaningful social interactions, The Sun said. IANS