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WHY IT MATTERS: Digital Transformation
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Farid Mheir
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This Constellation ShortList™ presents Artificial Intelligence and Machine Learning Best-of-Breed Platforms relevant to early adopters pursuing digital transformation. Offerings included in this document meet the threshold criteria for this category as determined by Constellation Research.
Farid Mheirs insight:
WHY IT MATTERS: because 2 / 14 are Montreal-based! 
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Through thoughtful design, agile and lean management can be the perfect match for companies in search of lasting performance improvement.
Farid Mheirs insight:
WHY IT MATTERS: this article helps positions the strengths and weaknesses of lean and agile to highlight where each fits best in an organization.
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Where the Business Model Canvas tries to provide a complete model which encapsulates many types of business, the Lean Canvas focuses more on customer problems and solutions. Hence the Lean Canvas is more applicable for startups.
Farid Mheirs insight:
WHY IT MATTERS: a short review of canvas to help guide digital transformation and innovation. Crafted for startups but I believe it applies to larger existing organizations as well.
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In this section, dive into one of the 55 Business Model Patterns, each providing a practical template to help you build new business models from scratch and supercharge your existing business models. A short description is provided, capturing the key concept and underlying mechanisms of the respective business model pattern, as well as exemplary firms applying the pattern.
Farid Mheirs insight:
WHY IT MATTERS: amazing reference of business models to help explore possibilities in your innovation plans.
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Prioritizing innovation today is the key to unlocking postcrisis growth.
Farid Mheirs insight:
WHY IT MATTERS: great reference for getting out out the pandemic crisis... but not only that. Useful tools for any innovation scenarios.
salvadorelopezzzz's curator insight,
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If you take nothing else away from this post, it should be that retention matters. A lot. No other metric is as singularly telling of whether your business will thrive or die. And so, the better you understand what good retention looks like for your business, the better shot you have at the former. We hope this research proves useful to you whether you’re building, investing, or just curious.
Farid Mheirs insight:
WHY IT MATTERS: with every product moving to a SaaS, pay as you go, model, retention has become a key metric to consider. This post delivers insights into retention metrics for GOOD and GREAT retention numbers. I'd love to see similar posts on email open rates, ecommerce conversion, app usage, etc.
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Farid Mheirs insight:
WHY IT MATTERS: I found this on twitter recently and thought it is an interesting way to hunt for startups when you are an investor. Could this apply to more than investing? Product development? market validation? I guess it does but you need a good network. Is it better than posting on LinkedIn or on Facebook? Let me know what you think...
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CB Insights and Fast Company team up to analyze high-momentum startups. Key highlight: Enterprise/big data tools dominate: 30% of companies on this year’s list work on enterprise or big data tools.
Farid Mheirs insight:
WHY IT MATTERS: always good to watch those startups for ideas and innovations. I've tried some of them - algolia, webflow, signavio, loom - and will keep my eyes open for the others...
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With recent uncertain times across the world, 2020 is shaping up to be both exciting and frightening. Many startups have experienced cutbacks, including many needing to initiate layoffs while others…
Farid Mheirs insight:
WHY IT MATTERS: it is a great time to be creating a startup. I posit it is because companies are in panic mode and ready to try anything, thus giving new players a chance...
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These tech “laws” describe why a given network’s value rises exponentially with the volume of participants (Metcalfe’s Law), why most marketing channels eventually produce diminishing returns (Law of Shitty Clickthroughs), or why starting with simple iterations leads to better long-term products (Gall’s Law). Some, like Moore’s Law, have been extremely prescient. Others, like Conway’s Law, provide counterintuitive insights — such as why Apple’s corporate structure is key to its user experience
Farid Mheirs insight:
WHY IT MATTERS: entertaining read for Sunday morning that may help you steer away from danger as you plan and deliver your digital transformation.
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Here is a note that we sent to Sequoia founders and CEOs today to provide guidance on how to ensure the health of their business while dealing with potential business consequences of the spreading effects of the coronavirus.
Farid Mheirs insight:
WHY IT MATTERS: most companies will brace for economic slowdown and start to cut costs. Good or bad for digital transformation? I say it is good. 1- technical resources may be easier to hire as they are let go when their projects shutdown or scale back 2- automation - especially digital based - has the potential to cut costs, and thus become attractive 3- travel bans mean enhanced demand for remote- and tele-presence. Expect projects to explode in the area of videoconferencing, remote work, etc.
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Analyze why startups fail and problems startups face. Avoid making similar mistakes and learn from them. Download our in-depth report of startup failure.
Farid Mheirs insight:
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A business moat is a key competitive advantage setting a company apart from its competitors. See how Amazon, Uber, Starbucks and 16 others built and defend their moats.
Farid Mheirs insight:
WHY IT MATTERS: take your pick from one of these competitive advantages that often set new digital transformation disruptors apart from the rest.
Gil Savage's curator insight,
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This information also implies a methodology for evaluating companies for investing purposes
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A practical, expert-reviewed Guide to growing software engineering teams effectively, written by and for hiring managers, recruiters, interviewers, and candidates.
Farid Mheirs insight:
WHY IT MATTERS: hiring technical resources is difficult because of the impact that bad hires have on organizations. Looking forward to read this guide and see what it contains as I believe we are in dire needed of some standards and benchmarks...
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We are in the midst of an open source renaissance. But how do you turn an open source project into a business? a16z's Peter Levine and Jennifer Li cover the complete go-to-market from community management to enterprise sales.
Farid Mheirs insight:
WHY IT MATTERS: as a software engineer in the 1980s, open source was considered a research project. Now it has become real business and this post details why and how you should go about building a real company with your software code open sourced. With ML/AI growing, the value lies more in the data than the code, so the open source may still have some growth ahead.
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Must-do's in order for your hires to reach their full potential you need to put a structure in place that encourages and nurtures their growth, both technically and as managers and leaders.
Farid Mheirs insight:
WHY IT MATTERS: managing millenials and genZ is like herding cats sometimes. Moreover, when they are technology engineers in a high demand marketplace, they need certain things in their work environment. I find the suggested practices very sound, especially the career path illustrated here.
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When it comes to specific start-up sub-sector leadership, we see Montreal emerge as one of the global hotspots for artificial intelligence (AI) start-ups. Since 2016, more than $1 billion has been invested in AI companies located there (including notable startup Element AI), and it has the largest concentration of AI academic researchers in the world. Montreal also hosts the NeurIPS conference, the largest AI event held annually in the world.
Farid Mheirs insight:
WHY IT MATTERS: I am part of the dotcom startups of late 1990s in Montreal. I see a much more vibrant ecosystem to support startups and find this article from the World Economic Forum spot on. Most notably, the list of 12 cities only has one in North America, all others are Asia Pac (+Melbourne!). So we are in a good place here in Montreal, otherwise I advise my kids to GO WEST (beyond California...)!
For data on the 1300 startups in Montreal: http://www.montrealintechnology.com/a-portrait-of-montreals-startup-ecosystem-by-the-numbers/
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Is this 1999? It sure feels like it... It seems to us that profitless companies seem to be back in vogue. Recently, companies like Uber and Lyft have gone public with very disruptive business models but no profit in sight. At best, profit might come a long way down the road. Yet they are given market valuations at levels that suggest a wildly profitable business model.
Farid Mheirs insight:
WHY IT MATTERS: for digital transformation, this post does not matter because digital transformation will continue for years to come because the fundamentals are good: new tech that solves a real problem, cost reduction, better customer experience, more flexibility, more features, etc. Fundamentals are also great for Machine Learning (AI) and blockchain because they truly represent milestones in the evolution of digital technologies, like HTTP did during the dotcom era. Many companies will burst as the current bubble bursts (digital bubble? AI bubble? Blockchain bubble?), as did pet.com and Webvan in 2001. Yet, the same way Amazon & Google survived the downturn to emerge bigger and better, companies with crazy valuations today but with proper business models will survive this one. So go back to looking at the leaders behind those companies and determine if they can lead their ship past the disturbances that are bound to come with a bubble burst...
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July 16, 2019 4:02 AM
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Have you ever wished you could be in the room when founders present to the a16z investing team? Even better, do you wish you could stay to hear the discussion after the pitch? We hear you and are thrilled to launch our latest series of videos called "The a16z Pitch Room". This inaugural episode features the Sandbox VR team Steve Zhao and Siqi Chen pitching to General Partner Andrew Chen. Steve and Siqi present a lightly edited version of their pitch deck. Then Andrew will join them on screen and provide the “director’s commentary”: a slide-by-slide walkthrough of the presentation, describing what resonated, what didn’t, and how he thought about the investment opportunity.
Farid Mheirs insight:
WHY IT MATTERS: this article and accompanying video explains the process that successful venture capital firms go through when deciding to invest - or not - in stratups. It breaks down the pitch deck to explain what works and what doesn't. This is great for startups but any business transformation - especially digital transformation - should have a pitch deck like this! The video: https://www.youtube.com/watch?v=4T_YP1n7kSE
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From 2013 to 2017, AI VC funding increased 4.5x while all VC funding increased 2.08x. The 1997 — 2000 boom in all VC funding can be explained by the dot-com bubble. The smaller booms in 2014 and 2015 reflect a period of relatively large economic growth.
Farid Mheirs insight:
WHY IT MATTERS: everybody knows that AI is the new darling for startups but seing it in a chart is quite impressive!
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When you experiment with work culture as much as we do at Buffer, you tend to receive a lot of questions about it. What is it like to work remotely? How do you collaborate across time zones? Do people really feel okay making their salaries public? Can you become friends with teammates when you’re not in an office? Do you miss working in an office? Do you basically live in pajamas? (Quick answer to that one: not usually, though I definitely have spent a work day or two in pajamas!)
Farid Mheirs insight:
WHY IT MATTERS: I wrote about the buffer open culture in the past and find this latest post to be a great summary of the best practice they have put in place over the years. Critics will say this only applies in startups but I would argue that 1) Buffer is already a 6+ years old 80 person team company 2) Large companies are composed of business units often much smaller in size than Buffer. That being said, many of my colleagues like coming to work in the morning and interacting with people face to face during the day so this model is not for everyone. But if you are looking for a different way to work, then I suggest you look at this and the new agile tribes that I wrote about previously. for more go here: fmcs.digital/?s=buffer and fmcs.digital/blog/digital-agile-transformation-at-ing-shows-it-is-possible-to-transform-legacy-non-technology-organizations-to-agile-using-the-concepts-of-tribes-squads-chapters-via-mckinsey-digitaltransformat/
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The research tackles three key areas: economic strength for startups and established businesses, standard of living including disposable income and healthcare benefits, and the inclusion of youth, women and expats in the workforce. The final index ranks the top 100 cities by the total job opportunity score, from highest to lowest, revealing the score for each factor. The data can also be sorted by each individual category.
Farid Mheirs insight:
WHY IT MATTERS: digital often means skills shortage. When looking for work or a place to establish a startup, this list may help.
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Après plus de deux ans d’accompagnement de nos startups chez la plupart des grands groupes français, j’ai souhaité dresser un premier bilan.
Farid Mheirs insight:
WHY IT MATTERS: it is a great summary of the key success criteria and pitfalls of innovation in large organizations. Must read for any startup or executive in large organization.
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Once prospective partners in the ecosystem have been identified, there are a variety of ways to work with them, ranging from collaborations that involve a limited financial commitment to outright acquisitions.
Farid Mheirs insight:
WHY IT MATTERS: large organizations are not structured to deliver on the innovation that digital transformations required. Partnering with startups is thus the way to go.
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Curated by Farid Mheir
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WHY IT MATTERS: never waste a good crisis. Well if this is true, then companies that will find solutions to tackle the health interventions highlighted by McKinsey should have a bright future. In many cases, digital technologies will be at the center of those solutions...