
Finding your dream job takes more than nerve
USA Today: LINK
In 1999, Brian Kurth liked his job at Ameritech and was making good money, but he wasn’t fulfilled — and wasn’t going to be.
As he writes in Test-Drive Your Dream Job, “Making the world better through broadband technology just didn’t set me on fire.”
Kurth often dreamed about his ideal job, spending more time fantasizing than taking action. In 1999, he found the drive and the nerve to plan a new career.
He used an online company that provided short-term tryouts for various jobs but found none that excited him. Then inspiration struck. After setting up a domain name, he launched a company called VocationVacations, which helps people identify and find their ultimate jobs.
Clients choose from a list of internship-like experiences, ranging from bison rancher to TV producer, from chocolatier to not-for-profit director. They pay a fee ($900 to the mid-$1,000, not including accommodations) and embark on a one- to three-day immersion experience with a mentor.
FIND MORE STORIES IN: Mark | Ameritech
Test-Drive Your Dream Job is a valuable how-to resource. It includes lists of questions for potential mentors, tips for creating a career-change action plan and sample timelines.
Kurth notes that remaining realistic is crucial: “Expect it to take twice as long as you think it will to become successful and to cost twice what you expected to get there.”
Anecdotes reveal how some people discover their ideal jobs aren’t dreamy after all. For example, 39-year-old Mark explored his dream of becoming a chef, only to realize that “cooking was a passion … but it was not his career. His career was sales.”
Kurth says disappointment can be positive. “The point was to learn those things now, risk-free, before you invested years and dollars in a career you didn’t love.”
Test-Drive Your Dream Job nicely pairs career coaching with practical tools for creating a more fulfilling lifestyle. “Going after my dream job didn’t require the daredevil leap. … It required a series of small, incremental steps,” Kurth explains.
The book also benefits from Kurth’s openness about his initial fear of trying something new and his grief when a long-term relationship became a casualty of his new approach to life. The mix of candor, concrete advice and real-life stories adds up to a must-read for those who are ready to shove aside the status quo and take a chance at a more satisfying career.
A Start-Up Says It Can Predict Others’ Fate
New York Times: LINK
SAN FRANCISCO — Is your start-up worthy of investment? Ask the venture investor in a box. Two former Oxford University students are getting attention (and seed money) in Silicon Valley for developing new technology that automates aspects of the venture capital decision-making process.
Kirill Makharinsky, 21, and Bob Goodson, 27, call their software a “start-up predictor,” and they say their company, YouNoodle.com, might give an edge to venture capitalists and other investors trying to decide whether to sink money into an early-stage company.
“We don’t want to replace investors,” Mr. Goodson said. “We simply believe that industries of comparable size have utilized artificial intelligence to inform decision-making.”
“Give us some information, and we’ll give you some idea of what the company will be worth in five years,” he said.
Starting Monday, the company is emerging from a private test and is opening up parts of its Web site and services to the public.
The idea of a start-up predictor has drawn skepticism. Some venture capitalists say that the idea of using formulas or historical data from past deals to predict how other start-ups will do in the future has been tried many times in vain.
Paul S. Kedrosky, a venture capitalist and the author of the Infectious Greed blog, said that his industry was indeed inefficient at picking winners; typically, 90 percent of venture investments are not home runs. But he does not particularly trust a company that professes to be able to do better than venture capitalists.
“If their tool did such a good job, they’d raise a fund themselves and beat the tar out of us,” Mr. Kedrosky said. “It’s hard to imagine what their mathematical combination of factors is.”
On that point, the founders of YouNoodle.com are not forthcoming. They say their algorithm uses sophisticated modeling pertaining to how social capital and networks can affect an organization’s performance.
They also say that they are focusing in general on assessing the experiences and social and business contacts of entrepreneurs who start a company, and on how the entrepreneurs within that company might fit with one another. They will not disclose precisely what factors they use to predict a start-up’s success, or how their algorithm processes those factors.
They certainly have their own well-heeled network. YouNoodle’s financial backers include Paypal co-founders Max Levchin and Peter Thiel, and the Founders Fund, a venture capital firm. YouNoodle has not disclosed the amount of its seed financing.
The company is also is trying to build a network of early-stage companies, and to provide tools that can be used for business plan competitions, businesses school classes and other emerging entrepreneurial ventures. It provides those tools free, but in so doing the users provide data about their new ventures that YouNoodle uses to refine its predictor algorithm.
The company plans to give away a simple version of its predictor but will charge investors who want the newer and more powerful version of the software.
So the question arises: Has YouNoodle used the predictor to determine if it will itself succeed?
“So far, we haven’t run ourselves through it,” Mr. Goodson said, adding that the results could prove baffling. “If it says we’ll fail, and it’s right, that’s something of a paradox.”
CD of the Week: MGMT – Oracular Spectacular
19 02 2008MGMT – Oracular Spectacular
It’s got a Rolling Stones Sound Plus Sgt. Peppers, Joy Division and a hint of modern post-modern music. delightful. trippy.
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