Shawn Lankton Online

vision, science, engineering, and fun

Archive for the 'Business' Category

Inerpersonal Check List
08 18th, 2008

My father, a well known psychotherapist, uses a personality model known as the Interpersonal Check List (ICL). This model is notoriously hard to administer, score, and graph. I developed a program to do all of these things automatically.

Interpersonal Check List

This is a 128 question test where people mark whether or not adjectives describe them. Thus a person might check yes to “Good Leader” and no to “Hard to Impress.” Once all the appropriate answers are marked, each one is weighed and put into an appropriate bin. The size of each bin marks the prominence of that personality trait in the person.

I’ve used this program as my first e-commerce venture. Visit http://www.shawnlankton.com/icl to get information about the program, download the fully-featured demo, or purchase the full program!

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Twitter Experiment
08 16th, 2008

Most people have heard about twitter. I don’t really get it, but I’ve heard pundit after pundit extolling on its virtues for networking and getting access to the vast experience and intelligence of your contacts.

Like a good scientist, I’m going to do an experiment. I encourage anyone who knows me (or would like to) to participate. I’ll be ‘tweeting’ over the next few weeks, trying to find followers, and trying to find other people to follow. If you don’t have a twitter account, get one, let me know, and we’ll do the experiment together. If you have an account and want me to follow you then contact me or post a comment and let me know. If you want to follow me, my username is shawnlankton.

Oh the things we do to stay relevant in these turbulent technological times.

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A Consultant in Denver
07 23rd, 2008

Last weekend I traveled to Denver, Colorado for a “business consulting summer camp.” All in all, it was a nice way to spend a weekend. I learned a lot, met very quality people, wined and dined, and slept at the Ritz. I could get used to being a consultant! Read the rest of this entry »

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I attended a talk last night as part of the Georgia Tech Business Plan Competition Workshop Series (pdf). This was such a fantastic talk that I will have trouble putting it succinctly into this post.

Stephen Flemming
“Transforming Innovative Tech into Business”

As with any other person who has been a VC or angel investor, Steve was incredibly sharp, and seemed like he would be impervious to BS either on the giving or receiving end. Steve began his talk discussing the pros and cons of starting a business in the Southeast. He went on a diatribe about how ludicrous the spending in California is. Then he pointed out that although there isn’t much VC investment in Georgia and the surrounding states, there is a better tax situation, and much better access to real estate, talent, and customers.

Steve continued by discussing the cyclical relationship between institutional investors, VC’s, and entrepreneurs giving some insight into how that relationship drove VC’s behaviors. Some interesting take-aways were that VC’s want the entrepreneur to get rich, and that they’ll only have to be brutal and cruel if they have to in order to make the returns they promised their investors.

After giving some insight in these areas, he began enumerating the things that you must convince investors of when trying to raise capital for a business.

  1. You have a large, fast-growing market segment
  2. You have a technological advantage that will block competition
  3. You have reasonable financial terms
  4. You have measurable milestones for success

He went on fleshing these out for most of the remainder of the talk, but kept peppering in useful tips. I’d like to point out some here:

  1. Get a good referral (from another investor, an attorney, etc.) If you’re plan comes pre-qualified it. You’re in.
  2. Make a 20 page business plan with a 2 page executive summary. No More!
  3. Power-Point deck using the 10-20-30 rule (10 slides, 20 minutes, 30 point type)
  4. In all of these documents, sell the company, not the product.
  5. Do your homework on the investors you’re presenting to and tailor the presentation. It will help you and impress them.
  6. Choose your investor wisely. Don’t just follow money; find someone that can help you with experience, expertise, contacts, etc.

Check out Steve Fleming’s website as well. Here you can find his blog as well as some useful information about starting companies.

Furthermore, here is a list of other resources and websites that Steve
suggested:

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The Myths of Innovation
10 15th, 2007

I just completed this book, The Myths of Innovation, by Scott Berkun after receiving a recommendation (and borrowed copy) from my friend/colleague Jimi Malcolm.

This short, fast read talks about the myths that people have about the process of innovation, and some steps on overcoming these myths and innovating well anyway! Although I found the book inspiring and informative, I think I can sum up all of Berkun’s talking points briefly below and save you the trouble of reading the book : )

Myths of Innovation

  • Work hard.
  • Work on meaningful problems.
  • Work on hard problems.
  • Work diligently and tirelessly, but take well-earned breaks to reflect. He belabors the point that innovation comes from persistent effort, not “ah ha” moments.
  • Frame and re-frame the problem you’re working on. By following the same rules and same metrics for success that everyone else follows, you’re doomed to mediocrity. Re-examine the problem and re-frame it.
  • Work really, really, really hard.

Finally, here is a video from the “Google Tech Talk” series. I haven’t watched it yet, but I’ll bet you can get the gist of the whole book over the 1 hour video.

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Vision Research Report
10 8th, 2007

Recently I wrote about some startup companies in computer vision. However, this is only part of a good industry analysis. I also want to explore some of the interesting research going on in the field. Below is a list of some of the vision research that I’ve come across that seems most interesting (and applicable/marketable).

Seam Carving

This is brilliant (and brilliantly simple work). It solves a problem, and in doing so gives us tools to solve problems we didn’t even know we had! Its hard to explain, check the video out.

Dr. Ariel Shamir has a host of other interesting research as well: link.

Read on for more great research: Read the rest of this entry »

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I have spent some time researching startup companies involved in computer vision. This has largely been in an effort to understand the marketability of computer vision research (which I spend much of my time learning about and contributing to). In this post, you’ll find a list of some notable companies. Let me know if you know of some other good ones. (Of course this doesn’t include the big, big companies like Siemens, GE, Phillips, and HP that are working on medical image processing every day! Read the rest of this entry »

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Hackers and Painters
09 11th, 2007

Last night I finished Hackers and Painters. This book is a collection of essays by Paul Graham, a PhD computer scientist, entrepreneur, and accomplished painter. (All of the essays are also available on his website) He makes a lot of great points about economics, entrepreneurship, design, and society. He also rants ad nauseum about his belief that LISP is the best programming language ever.

Hackers and Painters

One of my big take-aways from this book are that to be successful in a tech startup you must work very hard, and make a product that is beautifully designed and loved by users. Furthermore, you must continue working hard and improving constantly or you’ll get squashed by big competitors. If you can do this, then Graham claims success is inevitable.

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Park-Find Business Plan
04 24th, 2007

Park-Find ThumbnailIn this project I look at engineering from a different perspective… the business perspective. My team and I started with an idea: Track cars in a parking lot and use the information to help the whole operation run smoother. From there, we researched, though, and schemed until we had a sturdy business plan for the new venture. Read the rest of this entry »

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