Impact is the New Sexy

19 May
May 19, 2013

A recent article I read on HBS argued that in order to attract new grads today, firms needed to start hiring like a start-up.

I think there is a fascinating shift in today’s youth market. Deloitte CEO Barry Salzberg summarizes it best: “that millennials are increasingly thinking of finance, consulting, and corporate jobs as a tragedy of wasted minds.” Instead, we want a career that “actually matters”. A career where we understand how we can/will make a difference in the world.

And this really boils down to one thing: Impact.

In the world of finance, consulting, and corporate jobs, there is a painful process of “climbing up the ladder”. You need to earn your rights to ownership and key responsibilities. In comparison, joining a startup means you are given big responsibilities from Day 1. The chance to make a vast amount of impact is immediate. The problem you are solving is insanely hard and almost always against the status quo, but you believe that solving this problem will change the world.

But it’s not just startups that are highly sought after. Large corporations that do a great job of hiring best students emphasize on things that startups do. There is a clear sense of ownership, a mission that matters, focus on impact, and a team that share like-minded philosophy. And the norm for hiring the best talent is changing. Innovative companies around the world are embracing these implications.

Millennials are among the first to grow up in the high-speed internet age (probably why we think we’re know-it-alls); we like transparency, we like openness, we value authenticity. At the end of the day, we’re looking for pride and purpose, in an authentic and meaningful way. Money isn’t the end goal anymore. Instead, we want a career that matters. A career where we can work towards a mission, and cut away all the unnecessary bullshit that comes with corporate politics. And most importantly, we want to do this from Day 1. A company that can offer these values will attract us.

The implication is twofold: that the world will benefit from our work, and that there’s personal glory in it for us. This is the work that Millennials want.

Impact is the New Sexy.

What I’m Reading

06 May
May 6, 2013

A midst the noise and information overload on the internet, there are some amazing (and FREE) contents online. Some are sites with static information, and others are continuous blogs of information gold mine.

Today, in an effort to consolidate all these sites I have bookmarked / saved /read over the last year and half, I thought it would be nice to share them to the readers of my own blog. These sites are heavily geared towards my career development / personal interests.

Before anything, you should sign up to these three sites below (they curate the gold mine information for you so you don’t have to):

The two sites that I use to save / read information online are:
Product Management

General Insights & Interesting Thoughts

Tech Industry (general – but geared towards startups)

Tech Industry (specific topics)

Fitness & Nutrition

Learning JavaScript

16 Mar
March 16, 2013

I love the software product industry (internet / consumer-tech). I love brainstorming ideas, asking questions, following start-ups, successful companies, products, and people (PMs, hackers, founders, etc). I’ve done web development internship at AMD for 8 months (PHP/SQL). I constantly work with friends to build web applications for school projects, and outside of school. Yet, I shy away from coding as much as possible.

Up until recently, I’ve convinced myself that I should shy away from coding because I never intend on pursuing software engineering as a career path. Instead, I want to be an entrepreneur, PM, CEO – someone in a cross-functional role looking at things in a holistic view. This is my passion. My time could be better spent pursuing leadership opportunities, reading, learning, and filling gaps other than coding.

But then I read a quote somewhere online:

“Coding is the new literacy for the 21st century.”

… And I couldn’t agree more. Coding is the basic literacy today (at least in the industry of my interest). Now, I don’t ever intend on becoming a rock-star programmer. But, I realize that I need to get to the point of quickly building things I imagine, and to come up with prototypes I can share and iterate upon. Without this basic literacy, how will I ever become a great entrepreneur / PM / CEO? Relying on my peers to build the most basic form of my MVP is a serious barrier.

So I’ve decided to learn the basics of JavaScript (I am comfortable with HTML/CSS, PHP, SQL). Let’s get to the point where I am comfortable with full-stack web development so that I can quickly build prototypes as a way to communicate my ideas and strategy with – and more importantly, understand the basic literacy of the 21st century.

“George, be careful”

20 Feb
February 20, 2013

From the book: “Damn Good Advice!”

4. My Anti-Slogan: “George, be careful!”

Looking up from my crib on a dark and stormy night, God commanded: “George, be careful.” (I remember it well.) My earliest childhood recollections were punctuated by three words (in Greek) from the lips of my mother, Vasilike Thanasoulis Lois: “George, be careful.” They have been a refrain throughout my life–a sincere admonition from the lips of people who have always meant well but never fathomed my attitude towards life and work. In the act of creativity, being careful guarantees sameness and mediocrity, which means your work will be invisible.

Better to be reckless than careful. 
Better to be bold than safe.
Better to have your work seen and remembered,
or you’ve struck out.
There is no middle ground.

 

 

Stop wasting your time

18 Feb
February 18, 2013

We all have life crises and dilemmas throughout our career, don’t we? For instance, you might decide that your job isn’t right for you, or that the program you are studying in school isn’t for you, etc, etc. But what do many of us do about it? Well.. we sit down in front of our computers, google for advice, read blogs, learn about industry trends, and think through ourselves in order to come to a decision and a plan. We justify our own hypotheses by the information online. It seems like a quick and easy way to solve our dilemmas.

But, it’s actually the biggest fucking waste of your time..

Let me step back for a minute and give you a background.. Few days ago, my close friend asked me for advice because he was having a career crisis. He was about to finish his undergraduate program in Nanotechnology Engineering at UW. Like many of his classmates, he didn’t want to pursue nanotech (research) for his career. Instead, he was “excited” about the “mobile” industry and he wanted to break into it. His plan was to pursue grad studies to acquire the skills that the “mobile” industry demanded. The problem was that he never did anything on his spare time to try “mobile”. He never built apps, nor went out to meet and network with people in the “mobile” industry. All of his decisions came from his personal thinking and reasoning – with the help of google. Basically he created his own image of what the “mobile” career would look like in his head.

I told him that there are three approaches he needs to be making instead:

  1. Don’t answer your own questions about what you don’t know (not with Google). Seriously. If you “think” mobile would be cool and a great fit for you, go ask experts in that field for advice. Tell them about your dilemma and go from there. Find people who took a similar path as you (Nano graduate –> mobile professional). There are so many of them – mostly within one mutual friend connection. Googling for answers is the biggest waste of time. You probably don’t even know what questions you should be asking. Instead, go talk to experts (by definition, anyone who is already in the “mobile” industry is an expert compared to him… So it’s not hard to find people).
  2. Start by “doing” it. Start building mobile apps. Learn how to code online. Go to mobile-tech meet ups. Find a small mobile startup or friends’ projects that you can work on for free (for the sake of learning). Not only is this the best way to gain experience and a foot in the door, it is the best way to validate whether you truly enjoy the “mobile” industry or not. Perhaps it’s not what you thought it would be like (much like how my friend fantasized Nanotech industry in high school and how it didn’t exactly turn out to be. Whenever you have a chance to try it out in advance, then try.)
  3. Surround yourself with people you want to be like. In this case: it would be people in the “mobile” industry. They are the best source of learning/inspiration, and the best group to validate whether your plans to pursue a grad school is legitimate or not. Perhaps, working for a start-up or building your own mobile applications for half a year is more valuable than two years of grad studies. Don’t decide which one is better on your own. It’s stupid. Let the people who already got their foot inside the industry help you decide that. Example: go to VeloCity residence so you are surrounded by hundreds of students working on mobile applications for fun.. What better way is there?
Staying up at night, debating and thinking on your own with information on google as your aid is probably the biggest waste of your time. Stop that nonsense right now. Either you end up in an endless dilemma, or you will make a decision with false knowledge.
Instead, be active. Doing / asking experts / surrounding yourself with the right peers will not only help you validate your assumptions quicker, but help you take the right steps in your career.

co-op updates!

18 Jan
January 18, 2013

It’s been a while since I blogged! I finished my internship at Deloitte, am back in school until April, and will be doing my final internship (wherever that may be) this summer. Currently, I have been applying for my final internship (on my own as school’s job posting hasn’t begun). So far, I’ve interviewed with Palantir (mission specialist position), Quora (data scientist position), and Microsoft (program manager position). BCG has reached out to me, and a possible interview seems promising as well.

I know.. All of these jobs seem so different from one another. But, really it’s not. I am looking for a cross-functional position related to analytics / strategy / product. (BCG != product. I know. I didn’t apply to them though). More importantly, I want to work in a data-driven culture where people are highly entrepreneurial and fast-paced. I will argue with you if you consider Palantir / Quora / Microsoft to not fall under these categories.

Below, I’ve highlighted some of my thoughts and experiences at Deloitte.

  • Deloitte
  • Saying you were a BTA intern at Deloitte is like saying you were a software engineer at (insert company). It’s vague, and what you actually worked can vary by a mile. In general, there are three categories of work: billable client projects / non-billable proposals / random bullshit work.
  • 1) Billable client projects are the work clients are paying Deloitte consultants to deliver. Unlike strategy & operations consulting, tech consulting projects can be incredibly long in nature (1+ year) due to the actual implementation part. Yes, Deloitte tech consulting does both strategy + recommendation, followed by carrying out the implementation of the project with internal developers and vendors. In theory, they could be hired to do only one of them.
  • 2) Non-billable proposals are things Deloitte does to win prospective client projects. Typically, proposals include building proof-of-concept design solutions, researching, answering long due diligence client questions, building lots of decks, and finally pitching to clients as to why they should hire Deloitte over others (IBM, PwC, Accenture, etc).
  • 3) Then, there are some random bullshit work interns spend their time working on. Typically, you are just pulled out of thin-air for few days to do random, manual work on powerpoint, excel, and word. If you fall under #3, it will destroy your soul, and make you become a monkey performing brain-dead duties. The catch here isn’t that doing these mundane duties are bad.. It’s that a lot of the times, you are there for a short-period of time just because the firm needs to get them done in time + pulled off when you’re done those mundane tasks.
  • Going back to #1: client project work also varies a lot, since every deliverable / team / client will be different per project. Many times, an analyst (BTA intern = analyst) will end up doing most of the grunt work – rarely engaging and leading in client discussions or playing a role in making decisions. Nonetheless, If you play your cards right (hustle + network + prove your value), you will lead in key deliverable work, and engage with key client figures as an intern. Few of my friends that interned liked the job. Few hated the job. Because of the length of the tech project, you can expect to be in a single project for the entire term. Also most of the project time is spent in the implementation portion – which means you will work mainly on the project management duties and developing design solutions. 
  • Overall, it is a good opportunity to learn about the consulting culture, develop soft skills, and gain technical project management experience. However, it didn’t really teach me how to frame problems, articulate my communication, nor think analytically. Maybe, this is more applicable to strategy consulting experience? My opinion is that it would be rare to develop them while working at Deloitte as a BTA intern. It is especially rare because you are pulled into a client project without your choice (when you first begin). You can build your brand and have a say in choosing your next project / team later on, but not when you start out as a new intern.
  • I just hope that I provide you (readers) with the facts / honest insights about working at Deloitte as a BTA intern. My two cents if you are looking to join Deloitte as a new BTA intern: network early and get yourself on #1. You will most likely begin your internship doing #2. If you don’t take initiative, you will fall into #3. I was fortunate enough to find a mentor and work on an interesting project (TD-MBNA merger) – engaging with clients daily. Keep in mind – I worked in the Toronto office. Maybe, Deloitte BTA interns in NY do far more awesome things? Who knows.

Success Below Face Value

27 Nov
November 27, 2012

Today, I came across a facebook status of a friend of mine. She’s a very bright, talented student, interning at Facebook Canada in marketing. I won’t be copying her words here, but the summary of her status goes something like this:

Coming from University of Waterloo, we are pressured to feel that if you don’t intend on doing startups, and/or being part of the next big industrial revolution, we are wasting our time. Our society is driven by success in these areas. Her definition of success is to be a loving daughter, friend, sister, etc + in other areas of life – and hope the current world learns to assign success below face value.

First off, I applaud her for speaking out and I agree with the stereotype being made. To me, success is about one’s pursuit of happiness and it’s nothing but subjective. Do what makes you happy, both now and in the long term (thus we always need to put in effort today for tomorrow’s happiness), and you will be successful. Then, fuck what the world thinks of you.

But, there is a big generalization being made here. Maybe, I’m being naive and falling for the trap of today’s perception of success. I don’t know how to quite put it into words. It’s not that I find happiness in working my ass off in school / work more than going out, watching tv, playing games, spending time with friends/family, etc. But in the long-run, I just know that it is my ability put in work with hopes of being able to make a huge, positive impact to this world, that keeps me positive and happy. And for this reason, I do intend on doing startups and/or try to be part of the next big industrial revolution. This is where I believe I can make a huge, positive impact given my skill sets and interests. And for this reason, I value the world’s perception of success today and the uncertainty it brings:  … which is that maybe one day, with my willingness to put in effort day in and day out, I will be part of something larger than myself. This uncertainty gives me the drive to move forward. I can’t quite conclude how this belief ties back to happiness / success – but it’s this long term hope that keeps me up at night and happy and is far more valuable to me than any of my immediate gratifications.

I agree with her that today’s generalized perception definitely shouldn’t be the only way to measure success. But, there are reasons why people pursue startups + try to be part of the next big thing beyond the generalized “face-value”. There are bigger reasons beyond wanting to be the next entrepreneurial rock-star.

Power of Relationships and Networking

29 Sep
September 29, 2012

I want to share a short story of how relationships and networking have helped me tremendously already during my 3 weeks at Deloitte Consulting.

To give you a quick background, I joined the firm as a business analyst in the tech consulting practice (for co-op). As an analyst, you are put into projects where resources are needed the most (before you know the team or the project type). Long story short, I got staffed to a 3-week long proposal work. From the get-go, the work wasn’t interesting – it was boring and required no strategy/thinking. So what did I do?

I went out to every social meetings I could find. I asked people who I should absolutely meet during my co-op at Deloitte. As I heard names, I shot them emails, walked up to talk, and just introduced myself. I let them know my availability and that I was looking for interesting projects.

So two days ago, I shot Joel So an email. He is known as the “super-star” tech strategy senior manager here (UW alumni). Apparently he knew me from my blog – more importantly he told me that he declined to take me on his project team recently because of it (I had no idea until meeting him). He didn’t like one of my blog posts :( For the next half an hour, I elaborated on my writing and we talked about other random topics. He then invited me out for drinks the next day with his entire team.

And what do you know? Charles was there yesterday! He is a UW alumni senior consultant I met during a previous social event. When I met him, the turnout of the event was very low – and I had a chance to speak with Charles 1 on 1 for a long time (from schools, careers, NBA, iPhones, to some of the craziest things Deloitte consultants did every Thursday). There were also 2 other consultants whom I met in similar fashion yesterday (1 was also UW alumni).

Long story short – I found a project opportunity under Charles that I could be placed on after my current duties were over in 2 weeks time. All these people recognized me – knew I was actively looking to meet people, to learn, to socialize, and to find cool opportunities to get involved during my co-op. All of them were looking out for me – reaching out to their connections. It also happened that some of their connections were also doing the same thing (as I met them both)

Analysts are perceived to have zero control over project opportunities. I disagree. From this initiative, I learned the importance of networking and relationships. All these people I met – at the time, didn’t have project opportunities for me. Instead, we got a chance to talk about other random things and have a good time. We learned more about each other – at some point we never talked about projects or Deloitte-related stuff. We forgot about those stuff. But when project opportunity did come up, they remembered me and took their time and effort to help me out.

I know many analysts that aren’t happy with their tasks. The only way to change that is to have senior people within Deloitte fight for you and put you on their team (as opposed to the usual task allocation methods). They won’t do it if they don’t like you. And they, for sure as hell, won’t like you if they never met you.

Your Playing Field is Tiny

30 Aug
August 30, 2012

Growing up, moving around, and interacting with different people, I realized how small my playing fields were, and how much greater the playing fields were elsewhere. For instance, I grew up breezing past academics and being the smartest kid in school. Then I went to university and things changed. It’s like that for everything in life. You can feel like a mighty frog in a pond until you leave and face a lake, a river, or an ocean (and that’s if you make it there).

It’s no rocket science that the better playing field you are on, the more you learn and improve. For instance, you can play pick-up basketball with the same friends as much as you’d like, but playing in professional leagues with better players, you will improve a whole lore more / faster. So fortunately, we learn and improve more playing in better fields.

But aside from naturally improving and learning more, I think your mindset completely changes from one playing field to another (in particular from a smaller field to a greater field). Our basic beliefs and motives change. In return, we gain significant advantage over others and we get much better at whatever it is that we are doing. We learn what “causes” favorable outcomes and learn to separate them from “correlations” that are misleading.

For instance, let’s take “success” as a measure of a playing field. The more successful a group of people you are with, the greater your playing field is. It is only recently that I realized the importance of time we are given. All highly successful people around me shorten their sleep hours to increase daily productivity. Less successful people don’t because they don’t understand that this is a major cause for success. What I mean to say is that there are key principles / perceptions / guidelines that seem so obvious to people in certain playing fields but they are ignored by the people in smaller playing fields. Another example would be that a group of people understands the importance of having bias for action, while others don’t. Some people know the real actions it takes to succeed while others believe going to the best college / university would guarantee success. And the list goes on and on.

Sometimes, people in smaller playing fields work as hard as people in greater fields (if not, more). But they base their actions off wrong principles / perceptions / guidelines. For example, you can be a kid looking to gain muscles. You can work as hard as ever, going to gym twice a day, every day of the week. To bodybuilders, this is foolish because what causes muscle growth is recovery, and you should never fatigue your muscles at the gym this often (let alone have no recovery day). But as a kid, you will never know this until you move to a bigger playing field where this principle becomes common sense (a rule to follow). Similarly, previously at Facebook, I learned the importance of focusing on impact when I did work, and I began basing my actions off this belief in all of my work ever since. It has allowed me to better prioritize myself and reach my goals much faster in life. But the truth is, I may have never learnt this had I not interned at Facebook.

In fact, I challenge you (if you are in university / graduates) to catch up with old high school friends. I still love my friends that never finished high school, but talking with many of them, the very core beliefs and values that are so common-sense to me are not the same for them (mainly in regards to career and success). So when they complain about why they couldn’t get from point A to point B in life, it becomes hella frustrating to me. (Only if they changed their perceptions, had certain principles and understood key facts…) Likewise, in 10 years, I may be in a greater playing field and realize how foolish I’d have sounded writing this post now. After all, I’m still a junior in university (a very tiny playing field relative to what’s out there in the world).

So now, I strive on learning and enjoying as much as I can in my current playing field, but with the goal of constantly making the jump to greater playing fields. I’ll get new advice there that will turn into daily habits and a must-have values in my life. For everyone in smaller playing fields, these new principles / perceptions / guidelines may always be ignored. And I find this scary.

So, if your goal is to “better” yourself – strive to explore and move away from your comfort zone. Get out of your playing field and see the bigger world in front of you. Our perception will change. Incredible values and advice will become native thoughts that we learn to live by.

Of course, the hardest thing would be to challenge yourself first out of the comfort zone, where you may be the king of the jungle, regardless of how small that jungle may be to the outside world.

How can I overcome envy of people who are my age but are far more successful than I am?

30 Jul
July 30, 2012

Disclaimer: This is not my answer. It’s a popular answer voted on Quora that I wanted to share:

Emphatically stop giving a shit.

  1. You have ZERO idea what their personal lives are actually like, or if their outward appearance of success is total bullshit.
  2. Stop focusing outward, focus inward.  A preoccupation with the success of others is taking time away from tending your own internal garden.
  3. Believing in common measures of success (money, position, family) is believing in a ready-made lunch box of meaning that society is opening up and shoving down your throat.  WHO CARES.  Figure out what success is for yourself and then just focus on pursuing that.
  4. You are in your 20s, so be prepared to witness some epic personal collapses of those whom you are currently envious of.
  5. You can’t do anything besides what you can do. If you’re giving it your all and staying focused on your values, then your life is progressing exactly as it should be.  Did you hear that?  EXACTLY AS IT SHOULD BE.
  6. When you have an episode of crippling self-doubt, picture each doubt as a single sheet of paper.  Then crunch all of them together and throw them into the toilet of your mind.  Now angrily kick-flush that toilet with your foot.
  7. Actively work to express gratitude for what you do have every morning.  The happiest people I know are full of gratitude, and they are profoundly in touch with their innate talents.
  8. Before you read number nine, think of at least one person who thinks you’re awesome.  Try to think of yourself as that person does.
  9. Isn’t the universe so vast, so deep, so incredibly amazing?  Who could possibly worry about a 3200 dollar difference in salary when there are stars supernova-ing right this very minute?
  10. It’s a marathon, not a sprint.  Near the finish line, you’ll realize you’ve only been racing against yourself.

How can I overcome envy of people who are my age but are far more successful than I am?

Follow

Get every new post delivered to your Inbox

Join other followers: