June 8th, 2008

China Surpasses U.S. in Technological Prowess

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China has surpassed the United States in a key measure of high tech competitiveness. The Georgia Institute of Technology’s bi-annual “High-Tech Indicators” finds that China improved its “technological standing” by 9 points over the period of 2005 to 2007, with the United States and Japan suffering declines of 6.8 and 7.1 respectively. In Georgia Tech’s scale of one to 100, China’s technological standing now rests at 82.8, compared to the U.S. at 76.1. The United States peaked at 95.4 in 1999. China has increased from 22.5 in 1996 to 82.8 in 2007. link »

The Georgia Tech “High-Tech Indicator” does not measure how active countries are in research, “but in areas like nanotechnology, China now leads the United States in published articles, but what scares me is China is getting better at marrying that research to their low-cost productive processes,” says Porter. “When you put those together with our buzzword of innovation, China is big, they’re tough and cheap. Again, where is our edge?” link »

– from No ‘Sputnik’ Moment To Reassess U.S. Capabilities: <BR>China Overtakes United States In Georgia Tech’s Global High-Tech Competitiveness Index via sharedcopy.com

May 28th, 2008

Sailing to Tioman

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We set off on 24th early morning. We did our immigration clearance on the west side of Sentosa. We set off immediately to the east. Wind condition was bad so we were on our engine assisted sailing. Along the way, we saw a Malaysia police marine heading towards Pedra Branca, for the first time in 30 years allowed to be near there since the Malaysia now owns two (strategic) rocks. We also saw the Singapore stealth ship (I think) near there.

I done my fair bit of sailing but this is my first extended trip. The difference is like playing golf at the range and at the green – similar yet dramatically different. When you are out in the sea, no land nor ship in sight, you suddenly realised you are so insignificant. Your life is really in the hand of God, regardless of how much planning you do.

When the sunset, it sea sparkled and shimmered across the horizon, quietly, only the sound of the wind and the splashing of the waves.

Nightfall is the time to find a place to anchor, flipping through maps, wind and tide forecast and using GPS as a guide, you wonder how the heck sailors in the past did it without all the modern technologies.



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May 23rd, 2008

Evening with Vint

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I was asked to introduce and moderate this evening session with Vint Cerf in Singapore jointly organized by The Digital Movement and IDA.

I didn’t take much notes but I managed to twitter a bit here and there during the session.

Vint Cerf is a great speaker and therefore really needs very little moderating nor prompting. On the other hand, I find myself fumbling quite a bit…looks like I am getting rusty at public speaking and presentation. But hey, the star of the show is Vint and he definitely took it!

Okay enough fun for the evening and time to pack my stuff. I am going sailing for the next couple of days to Tioman, hopefully coming back alive. Wish me luck!

May 21st, 2008

Deal Flow Is Dead, Long Live Thesis Driven Investing

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This flow-centric business model made a tremendous amount of sense when the venture industry was relatively small and immature.  Back then, there were only a handful of competitors and funds were relatively modest in size.  For example, in 1980 there were only 183 venture capital firms and each firm had an average of only $41.6M under management.  Given this, as well as the immaturity of venture capital as an asset class in 1980, it’s probably safe to say that venture capital in 1980 was a true “buyer’s market” with more demand for capital than supply.   Perhaps more importantly, the investable landscape for venture capital, particularly technology venture capital, was both “thin” and “shallow”.  It was “thin” in that there were only a few sectors one could invest in.  It was “shallow” in that each sector was quite small and often only composed of a few companies. link »

For the rest of the industry, deal-flow based business models are now unsustainable thanks to two simple facts: 1. The venture industry simply is too big and too competitive for any firm to sit back wait for deals to come to them.  2. There is so much money in the industry now that any firm that is waiting for “hot” deal flow will likely find itself in the midst of a ruinous bidding war. link »

– from Burnham’s Beat: Deal Flow Is Dead, Long Live Thesis Driven Investing via sharedcopy.com

May 3rd, 2008

Next Stop

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Goodbye lands of the Vikings.

Waiting for the plane to go back to Singapore for a short transit (a warm bath and change of cloths) before flying to Shanghai. See you on the other side of the globe.

May 2nd, 2008

Copenhagen

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I think this is my first trip to Copenhagen but I am not sure. Small city (about 1M people) but lovely town. And gosh, they love their hotdogs!

April 30th, 2008

Short Vacation

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Wrapping up my vacation in, erm, I can’t remember how long but must have being several years. Vacation for me means staying in my bed and playing World of Warcraft for 3 days. As my sis-in-law getting married in France, my wife insist we take a short vacation through Swiss Alps, thru Geneva and end in Paris.

Anyway, time to go back to work. Boarding now. See you in Copenhagen.

April 18th, 2008

Automated Content Creation (Patented)

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Credit: Philip M. Parker

Parker shows a book being created.

Using a little bit of artificial intelligence, a computer program has been created that mimics the thought process of someone who would be responsible for doing such a study link »

It will then open a Word document and export the information into Word, just like a real author would out of their minds, so to speak, or spreadsheets link »

Credit: Philip M. Parker

Parker shows a book being created.

– from He wrote 200,000 books (but computers did some of the work) | Tech News on ZDNet via sharedcopy.com

April 16th, 2008

Back to Shanghai

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I come back from China with a soar throat and cough 2+ weeks ago. The cough has persist till now and I am going back Shanghai with it. Hopefully I will recover there :P

Boarding now. No more blogging. See you later.

April 15th, 2008

Blogger Friendly

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Was at the National Press Club in Malaysia to meet up with various bloggers.

Quote Rockybru “Malaysia is the most blogger friendly country in the world now.”

Strange world. 6 months ago, bloggers are jobless liars. Today, all politicians must have a blog “or else you are not a leader” :-)

Note to self: Don’t play scrabbles at National Press Club. ^_^