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The least narcissistic CEO in America runs VMWare

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VMWare CEO Patrick Gelsinger is the least narcissistic CEO among the top 100 companies in the U.S., according to an analysis of quarterly earnings calls that counted how many time each boss used personal pronouns such as “me” and “we.”

The findings, based on natural language analysis technology, will allow researchers to stack up narcissistic tendencies against company performance to determine if self-centered CEOs help or hurt the bottom line.

“Is narcissism, generally viewed as a personality defect, actually a good thing?” said Professor Alex Frino, dean of Australia’s Macquarie Graduate School of Management. “Does the world in fact need more narcissistic CEOs? Or is it a trait we should be actively teaching future leaders to avoid?

Gelsinger took over at Palo Alto-based VMWare in September 2012 after turns at EMC and Intel. The company’s shares have remained essentially flat over the last 12 months. VMWare increased profit in the quarter ended Sept. 30 by 66 percent to $261 million. Revenue rose 13 percent to $1.29 billion.

 

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Startup Story: Finding Gaps in a Market Can Happen Purely by Chance

 

by Sramana Mitra –

startup story

Successful entrepreneurial ventures are often based on business solutions and ideas that strive to plug a gap in the market. Once you identify the gaps and pain points, you work towards solutions and formulate a business idea.

And most often, finding the gaps in a market happens purely by accident rather than by design. It was also by chance that Ronnie Guha came upon the market forGeoLoqal, a mobile platform-as-a-service for location-specific applications.

Ronnie Guha, the co-founder of GeoLoqal, is a Chemical engineering graduate from the Indian Institute of Technology. He is a self-confessed geek and has spent more than half of his 15-year career selling professional services and solutions at companies like IBM, Informatica, Oracle/BEA, and VMware.

Ronnie’s Startup Story

The story begins when Ronnie was testing out his parking finder app, SpotNPark. This real-time, geolocation-dependent app would crowd source street intelligence about parking and sell the info to drivers looking for parking. This app was targeting the biggest cities in the world where parking is a nightmare. While programming this app, Ronnie had to constantly walk/drive around the streets to “field test” the app – a major waste of time and money.

Ronnie realized that while millions of apps were being developed, none of the platforms provided a robust, scalable way to simulate and test user motion or geolocation worldwide. There is a distinctive shift towards location-relevant services, products, and apps. And before releasing, location-based apps had to be field tested. TeleNav and a few large Indian outsourcing firms he talked to confirmed that they either invested in field testing or won large field testing contracts.

He saw a gap in the market that he could capitalize on.

What Ronnie Did Next. . .

Ronnie next reached out to a former colleague, Amiya Mansingh who was the founder of Cobi, a consulting firm. They had both worked together for four years at a consulting firm. Amiya had built about 40 mobile apps and GIS (Geographical Information Systems), big data and fast data related fields with some fortune 500 companies. He had built the GIS extension for Aster Data and had a very good grasp of the complexities involved with GIS computation/calculations. He was one of the few that had worked on projects that involved segmenting the entire USA in 100X100m geolocation tiles and running risk calculations based on such tiles.

He understood the concept and the need for a platform like GeoLoqal – that is how GeoLoqal was born.

Amiya and Ronnie financed the company for the first couple of months with their own funds. They then took on big data consulting projects to bootstrap the company with services revenues. They went live with the product in January 2013. With a freemium model, they soon had about 300 users. As conversions became a challenge, they transitioned to a per device pricing model.

Moving Towards Customer Acquisition

Currently, GeoLoqal is focusing on enterprise customer acquisition. After the first few enterprise sales, it will aggressively target the profitable verticals through partner channels and OEMs. Its current revenue is at $100,000 and it expects to be profitable in the first quarter of 2014.

The main value-add that GeoLoqal offers is that powerful location-based solutions can be developed without investing in development/testing, which in turn significantly reduces the time to market for mobile application developers. Although iOS and Android provide geolocation simulation, they provide limited capabilities. Developers would still need to understand complex fundamentals like KML, GPX files to simulate locations.

GeoLoqal hopes to remove these complexities and reduce the cost as well as effort involved in field testing of location-based applications.

GeoLoqal is also working on a location-based marketing platform that will allow marketers to create hyperlocal, geotargeted SMS marketing campaigns. According to a JiWire report approximately 50% of mobile, on-the-go users are willing to exchange location tracking for more relevant content and better information and about 80% of mobile users prefer locally relevant advertising.

This indicates that the SoLoMo (Social Local Mobile) trend has been gaining popularity. With Apple’s latest OS and iPhone release with iBeacon, this market is expected to pick up further and lead to increased demand for proximity marketing solutions.

As mobile gets more social and local, location-based platforms will be in play – and so will GeoLoqal that focuses on this niche.

 

 

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Cisco to Invest Millions in Insieme

In the past couple of years, Cisco has been on the move to create solutions for simple cloud transitioning for business and large corporations. After creating a coalition with EMC and VMware, VBlock was created as a rack to simply transition company networks to private cloud networks. Now in another step to create the need for simple cloud integration, Cisco has funded an advanced start-up company known as Insieme for $100 million. However, another condition in the advance is the option to later purchase Insieme for an additional $750 million.

 

Purchasing the Asset:

The advance to Insieme was not just an investment opportunity. Founded by 3 Cisco employees, Insieme was created for later purchase by Cisco. This is known as a “spin-in” company. The reasoning behind spin-in companies is to create products and services that benefit the parent companies. This allows for the separate identity to be purchased later to boost a company’s portfolio.

As Cisco has been concentrating on cloud computing and the abilities within business networks, the Insieme purchase only makes sense. Insieme’s development in S.D.N. or software-defined networking is closely related and highly beneficial to what Cisco has been doing. Insieme’s internal program will play an important part in Cisco’s programmable framework. As cloud transitioning increases in ease and scalability, the S.D.N. will assist in the future launches of Cisco products to create a software based cloud integration solution.

The Future of Cisco:

There has been a lot of speculation as to who will be the leader in S.D.N. With mention of Cisco, Juniper Networks, Alcatel, and NEC, the race is on to claim the number one spot. However, with 70% of the world’s networks running Cisco products, they may have a head start. With their new easy installation cloud products, these companies currently running Cisco products will be able to slide in a new rack, program the private cloud network and easily implement S.D.N.

Current employees of Cisco are torn regarding the purchase of Insieme. As the most valuable employees will be positioned to become multimillionaires with little risk, others will only be able to watch as it happens. However, the purchase of Insieme will still increase Cisco stocks and lead the way to innovations that will put the company ahead of the others in S.D.N. development and sales.

Two other spin-in companies have been created for Cisco. They purchased Andiamo Systems in 2004 for $750 million and Nuova Systems in 2009 for $678 million. Each of these companies benefitted Cisco by quickly placing them into markets they weren’t previously in. Andiamo Systems allowed Cisco to break into the storage-related switch market as Nuova allowed Cisco to develop and sell its own line of computer servers. With the increasing success of these spin-in companies, it begs to question “Will this be the future of business?”

Joshua Harper is a tech writer and contributes reviews on networking devices such as the Cisco SFP transceiver to various tech blogs.

 

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