Categories
Finance

“How Venture Capitalists Evaluate Potential Venture Opportunities” Summary

This article describes a set of interviews with four Silicon Valley financial venture organizations regarding the framework they employ when evaluating potential opportunities. The participating firms include Kleiner, Perkins, Caufield, and Byers (KPCB), Menlo Ventures, Trinity Ventures, and Alta Partners, all of which have made substantial contributions to keystone organizations throughout the industries of technology and science, among others. Each business responded to several questions of a similar nature covering themes such as the assessment of business models, due diligence, financial analysis, decision processes, the role of risk, and the utility of exit routes.

Categories
Finance

“Honing in on Cash Conversion” Summary

Chapter 28 titled “Honing in on Cash Conversion” was did exactly that–it took direct applications of various business terms, and show a direct equation to figure out how long it will take for a business to become profitable, as well as how much money an individual company takes to finance.

Categories
Philosophy

Interview summary : racial, judgmental, or prejudicial questions

Introduction                                                   

This paper looks into the perspectives of several interviewees to determine the views on the subjects of prejudice, racism, and judgment. Three individuals were interviewed to determine their response to questions touching on these subjects. Among then there was Dave an African American man aged 35 years working as a mechanic married and with two children. Another interviewee was Mary a white single mother aged 41 years old working as a consultant. Lastly among the three individual’s interviewed was Adams a 53 year old man of Asian origin and a retiree.

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Other

Good leader. Journal Summary

We have learned many things about being a good leader in this course. First, we learned that it is common for people to rate their own skills as being higher than they really are in life. This was a good start for learning about the ways that we need to change our thinking if we want to be good leaders. In order to avoid the problems that can happen due to these judgement errors, a good leader needs to be very aware of the effects on their own decisions, so that they do not believe their own skills to be greater than in reality and so that they do not expect too much from the people they are leading. Plus, it is not possible to improve our weaknesses if we do not know about them.

Categories
Economics

Chapter 13 Reading Summary. Fearful of Finance

In 1996, the author immediately says Indonesia, Malaysia, the Philippines, South Korea, and Thailand were in a situation where they were spending considerably more than was their gross national income. In as small amount of time as two years, this ever-growing deficit had actually turned their economies into surpluses.

Categories
Economics

“Why the Critics Are Wrong: Sad About the State” Summary

(1) The author opens up, after his quote from Gray, with a very powerful and descriptive statement that the global economy directly has an effect on policies put into place in individual countries. In fact, he goes so far as to introduce the fact notion that an unregulated economy can make a government completely irrelevant altogether, and tells the reader this is well established–only for means of ironic purposes. Instead, he adopts the very opposite idea–that the economy can mold the government and its policies.

Categories
Management

Practices and Methodology Summary

Project management is a necessary component of any work environment. Its purpose lies in managing of work within schools, businesses, and research. The idea of project management, is the application of knowledge, skills and techniques to execute projects effectively and efficiently. It is a strategic competency for organizations, enabling them to tie project results to business goals — and thus, better compete in their markets.(PMI, 2013) The idea for project management is for team of people given a project with a goal in mind. A project management team has two key factors for putting together a good team that includes the skills that each individual possess in the team and whether these skills can be utilized to achieve the projects goals. What was taught and learnt throughout this course has been essential in completing this task of explaining the multiple roles of project management. Upon the teachings of project management, the component that was easily identifiable was risk management. In this paper risk management will be thoroughly explained along with my interpretation and understanding from the course. Also, will answer the questions of the role of project management, and methods in helping to manage multiple projects.

Categories
Economics

Summary of Faculty without Students: Resource Allocation in Higher Education” by William Johnson and Sarah Turner

  1. Summary of article

This research article essentially examines (undergraduate) student faculty ratios as a proxy for allocation of resources in universities.   In particular, resource allocation in universities has changed dramatically by field over the past several decades: this change is due to a number of factors including the use of other resources in teaching, the popularity of different majors, the rise of research faculty, and the impact of politics on erecting barriers for student demand.  Overall, a number of explanations seem to explain the difference in allocation: there are natural differences in productivity and research prestige across departments.  This difference, however, likely does not explain the substantial changes in resource allocation.  Indeed, “politics” including the lobbying for curriculum requirements also seems to be at work in these institutions.

Although professors undoubtedly play a key role in the production of credit hours/ majors, there are other important elements (“everything else”) including: administrators, graduate assistants (teaching and grading responsibilities), use of building, library resources, etc.

  1. As the salary of professors (K) increases, the cost-minimizing mix on inputs would move towards “everything else.” In reality, this might mean an increase on graduate assistant labor, the utilization of technology (on-line classes) to increase the number of individuals who benefit, even the use of different learning methods.
  2. If the explanation based on salary/ research productivity is correct, it should mean that departments more focused on research (that depends on faculty labor inputs) should use more non-professorial resources in the teaching of students. This is because the opportunity cost of professorial resources is higher in this department: research is more profitable to the university than the teaching of students.  Thus, one would expect to find more adjunct faculty and graduate assistants in these departments. This economic institution is confirmed by my experience at Clemson: research-based departments such as economics and the natural sciences use more adjunct and graduate labor compared to other departments such as classics and
  3. If faculty in some departments are more productive along a research/ graduate education dimension, a school would be wise to employ more of them, regardless of the number of undergrads in the department. The paper cites Princeton’s mathematics department as one such example: Although the department has a total of 58 faculty members for 66 undergraduate students.  These isoquants would shift towards professorial resources rather than towards capital.
  4. If demand for majors changes quickly, over the short-term that demand would be picked-up via substitution towards “everything else” either through the use of adjunct faculty or graduate assistants. Over the long run, increased demand at the undergraduate level would likely lead to the hiring of more professors.  Thus, the isoquants would shift towards K over the short-term but towards L over the long-term

3.

  1. There may be natural differentials in the productivity across different disciplines: for example, while one professor may be able to teach 100 students in an introductory economics class, a French professor may be able to only teach 15 students (effectively) in a language class. Thus, a “French” specific isoquant may be more skewed to the labor access, while the “Economics” specific isoquant may be more skewed to the everything else axis.
  2. Ignoring the potential salary differences related to productivity differentials, the difference in technology would lead to greater faculty per student ratios in departments where technology can be effectively utilized (increasing productivity) and lower ratios in departments where that technology cannot be utilized.
  3. From the viewpoint of educational quality, rather than merely productivity, the use of non-professorial resources may lead to a more economically efficient but lower quality experience for students.
  1. The main idea explored in the conclusion is: in theory, the teacher student ratio should be a strict function of student demand, however, this is clearly not the case. Political factors, including the erection of barriers to create artificial demand may drive certain departmental activities.

A model that attempted to calibrate the optimal allocation between professional development and curricular politics would be a function of several           considerations: 1) the number of undergraduates registering for a department’s classes; 2) the productivity quotient for teaching classes in the department (labor-intensive versus capital-intensive); 3) research prestige of a department.

I would look for evidence of such politics among small departments with few students, a low productivity quotient, and limited prestige. This is because they would need politics to fill up classes and improve their department’s perceived image.

Categories
Other

Bless Me, Ultima by Rudolfo A. Anaya

Bless Me, Ultima

Introduction

Rudolfo Anaya’s novel, Bless Me, Ultima, occupies a unique place in modern literature. On one level, it is reminiscent of an enormous number of other novels in that it is a classic, coming-of-age story.  The young boy at the center of the novel undergoes many of the same, traumatic changes that all children face as they move into the larger world around them.  In these years, the isolation of the family as the child’s entire world is expanded, and the effects are as varied as the natures of the child and the surrounding culture. On another, Anaya has a very specific story to tell.  His hero, Antonio, is Chicano, and the mid-20th century timing and New Mexico setting combine to create the unusual quality of this boy’s journey.  Of a culture inherently divided within itself, the boy must also come to terms with the place his people hold in this world.  Linked to this is the inevitable evolution of the Chicano people themselves, uneasily reflecting Native American ideologies while conditioned to embrace Latino Catholicism.  Consequently, the novel addresses many crucial issues, and of deeply personal and social kinds.  There is a real sadness to it as well, as a sense of loss must accompany any child’s transformation into individual.  Beyond even this, however, Anaya’s novel is essentially a modern myth, rich in poetic imagery and powerful meaning.  The real core of Bless Me, Ultima may be seen in its title, as it conveys the need in everyone to find truth and safety in a changing and often violent world.

Categories
Biology

Summary of 3 articles

Biology

Introduction

RNA interference (RNAi) is a mechanism by which RNA molecules inhibit gene expression sometimes by destroying mRNA molecules. Co-suppression, post transcriptional gene silencing (PTGS), and quelling are some other names by which the process has been described before it was discovered.  Andrew Fire and Craig C. Mello in 2006 shared the Nobel Prize in Physiology or Medicine due to their significant contributions to the discovery of RNAi. These significant contributions were published in 1998 (Bagasra & Prilliman, 2004).

Categories
Ethics

The Ethics of Genetic Testing and Screening

Genetic testing and screening in adulthood and at a prenatal state is a strong ethical debate of the society. According to Chadwick (1994), there is a difference between genetic testing and screening. Although the two expressions are usually used as synonyms, it is important to clear the confusion in the beginning of analyzing the ethical debate. Screening should only be used for the diseases of “high spontaneous mutation”, and there is no family history indicating that the condition would be present. Testing, however, is applied on large populations to identify risk factors and the purpose is mainly diagnostic.

Categories
English

A Summary of the Future of Love

According to Barbara Graham, while most people keep looking for a sizzling romantic love with “the one,”Freud and his followers believe that to be “the futile wish of not fully developed selves.”  If that true love is found, our culture insists on its being legalized by marriage, something that did not arise prior to the 20th century when love and lust were only a very negligible part of it.  Marriage existed for economic and social needs of several institutions.

Categories
Other

Summary of a narrative essay

1.In the essay “The Biggest Nightmare,” Jason, the primary character, experienced a panic attack within a nightmare. Other characters are named but the only other character truly involved in the description is Jason’s mother, who awoke him from his bad dream.

Categories
Other

Should Everybody Write?

Argument: The book expands on the recent democratization movements in writing; questioning whether technology has made the industry more energetic or too liberal.