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Manoj Ranaweera Posts

Collapse of Silicon Valley Bank

What happened? The Silicon Valley Bank (SVB) said on 8th March 2023, that it was planning to raise $2bn in capital after losses on bonds it sold. This spooked investors and customers which resulted in the share price drop by about 60% by the next day. This resulted in customers withdrawing cash rapidly resulting in a “bank run”. Share price continued to drop as a result. According to Claire Lee, ex SVB employee, This is a comedy of errors; without the comedy. Time of death: after questionable decisions and clumsy communications, panic ensued on March 9th — then clients withdrew…

Daily Update: 2023-03-06

SkilledUp Life: Sales meeting with a Nigerian Tech Startup. Leadership meeting with a discussion on issuing certificates. Operational support. Paid salary for one employee after getting feedback from Flutterwave. Dealt with failed subscriptions. Techcelerate Ran Series 1 Episode 4 Linkedin Audio – Onboarding customers and customer support with Andrew Threlfall and Russell Groves. Onboarding session for new tech founders: Rezaul Hoque, Joseph Petrie and Craig Taylor supported by Andrew Threlfall. Organising TCLPL4 on Wednesday and TCMCR37 on 15th – invites sent by Nishani. Deal Lite: Prepared deals for the Deal Lite Newsletter which Wishma issued. Shared a screenshot with a…

Tool Hack: AWS WorkMail + Google WorkSpace Essentials

Since the dawn of Google Apps, which are now called Google Workspace, I had a free business account that Google no longer wants to offer free. Going from not paying to paying for 50 user accounts is not something my wallet would be happy to spend on. I’ve been scratching my head on how to find a no-cost or low-cost solution. Here’s what I found. Moving Email to AWS WorkMail If you have AWS Credits that last two years, you can move emails across to AWS WorkMail and use those credits to not pay for emails for up to 2…

David Lovett’s 18 year Journey and Exit

Just listened to the awesome story of David Lovett‘s Perceptive Engineering Exit story yesterday. Dave was brought in to lead a University spin-out in 2002. He raised investment, bought the investors and the university out through an MBO and Exited to Applied Materials. Dave and his team moved to Sci-Tech Daresbury just after me and a few early innovators in 2006. I left in 2011 and rejoined a few years back. Dave continued to leverage the campus all the way to the Exit. At the time of Exit, Dave owned 30% of equity, which in my book, is an awesome stake to hold. Dave also changed…

Don’t attempt to flog to laggards too early

The need to focus on early adopters – time to be clever. I should know better. But we all make classic schoolboy errors from time to time. Until now, I’ve worked on the principle that I could help any Tech Founder. But this is an illusion. You can only help people who are willing to accept that help and always looking for an edge to improve themselves and their businesses. They are the “innovators” and “early adopters” in the “technology adoption curve”. If your product is new, don’t think you could sell it to everyone who fits your customer persona,…

I need to ask my wife

I need to ask my wife before I buy #StartupLife [This is not about having a go at wives – opposite might equally be true, but I’ve only experienced this with men who wanted business advice from their wives]. During my tech startup carrier since 2004, I have come across above a number of times. Each time the deal fell through. If I hear anyone mention that now that they need to consult their partner (in my case all being wives), I just walk away from that deal. It’s simply not worth the expectation – as it won’t happen. Here…

Solo Founder Dilemma – Not accountable to anyone!

First published on Linkedin. (a discussion I had with myself whilst cycling this afternoon) Of course, no doubt you would argue that all of us are accountable to the taxman (Nah! – it’s just reporting), customers and so on. But truly, we are not accountable to anyone! In my case, I don’t have a Board or investors. Yes, I do have employees, users and customers. But if I decide to pack all in one day, I can! If I decided to be lazy, I can. Yes, there would be consequences of these actions, but the point is, I can, as…

WordPress Staging and Live

Who knows, this may be useful to some. Setting up a staging WordPress instance: Go to cPanelSelect the live site, usually www. and clone itPerhaps as staging. or dev. Once you have setup the new site using the clone site, usually replacing the theme and plugins, then to go live: Go to cPanelBackup live siteDelete www.Clone .staging or .dev to www. That’s it. To stop Google getting confuse with your multiple sites, worth changing settings to

China – You decide!

Following is taken from a YouTube comment without any editing by me. Make what you will. The following is what I borrowed from a Malaysian YouTuber’s comment: I’m from Malaysia. China has traded with Malaysia for 2000 years. In those years, they had been the world’s biggest powers many times. Never once they sent troops to take our land. Admiral Zhenghe came to Malacca five times, in gigantic fleets, and a flagship eight times the size of Christopher Columbus’ flagship, Santa Maria. He could have seized Malacca easily, but he did not. In 1511, the Portuguese came. In 1642, the…