Money for nothing and checks for free!

"Money for nothing and chicks for free" - crooned Mark Knopfler in 1985, to express his views on the music industry. With a single syllable change, it applies to the Indian Premier League (IPL), the newly conceived 20/20 cricket league set up in a franchise structure like the soccer leagues in Europe or the sports leagues in the US.

While the IPL might turn out to be the most defining development to happen to cricket since the Packer saga in 1978, and might take the salaries of players to be on par with those of soccer stars and NFL superstars, yet, when players like Manoj Tiwary, whom I saw in a recent game in Australia and wondered how he even got selected, and Ishant sharma, who despite being the star of the Australian tour was a virtual unknown a couple of months ago, fetched $675,000 and almost $1 MM respectively, the deal seems to have more holes than a sieve.

True that when business tycoons like Vijay Mallya, Ness Wadia, and Mukesh Ambani are rubbing wallets with Bollywoood stars like Preity Zinta and Shah Rukh Khan, there are bound to be excesses. After all, isn't this the marriage between the two biggest passions of a billion Indians - Cricket and Bollywood?.

Let's take a look behind all the glitter and analyze if there is gold.

First and foremost factor in the success of a venture is the product, in this case 20/20 cricket. There is no doubt that it is exciting and probably the best suited version to really bring people to the stadiums and have fun after a hard day's work. But beyond an exciting and serendipitously successful World Cup, there isn't a proof that the version is worth the millions of $$ in bets that are being placed - huge risk with uncertain return - an investment that would make me look like Ford betting on the Edsel.

Secondly, the HR, in this case cricketers, are an impressive lot - established players and upcoming ones with its share of have-beens; overall some of the best players in the World are on display.

Thirdly, the cost of hiring these cricketers - a mind boggling $633 MM - is where the logic behind all this looks as thin as soup in a college mess. Given that the people and the companies involved in the league are some of the biggest in the country and are proven winners this is definitely not a joke. One look at the salaries and more importantly the $$/hour, which is astronomical, it reveals the lack of common sense. E.g., M.S. Dhoni is expected to earn $1500/hour, which according to The Economic Times was higher than what Mukesh Ambani, ironically one of the team owners, earns. Then there are other operating costs that need to be taken into account like those of marketing, support staff, travel etc., that will ultimately make the figure fatter than the priest at my wedding.

I am a great believer in creating a market before creating a product and more importantly earning a few cents before betting millions. The IPL fails on both counts.

Hopefully the IPL will not suffer the same fate as that of the Indian stock market in April 1992, when blinded bullishness brought about the fall of many a millionaire, and Lalit Modi, the brain behind the IPL, will do better than Harshad Mehta.

Get Paid to get Interviewed - NotchUp!

I got an invitation from a friend of mine last week to join yet another exclusive, membership-by-invite-only, networking site called NotchUp. Having been an active member of LinkedIn, a successful and widely accepted business networking site, for the past 3 years I can vouch that it is very impressive when it comes to professional networking, job postings, referrals and forum discussions and I found it to be very useful when I was looking to change jobs last year. I have since gotten invites for similar sites like Doostang, Plaxo etc, but I am of the firm belief that when it comes to email addresses, credit cards, networking sites and girlfriends (or wives!), two is one too many to maintain!

NotchUp has a slightly unique selling point in that it is trying to replace pricey headhunters by actually paying people hundreds of dollars to interview. They are in a lot of ways the eBay of business networking, which seems to be the way entrepreneurs are going these days - adapt the successful eBay business model to various industries. Start-ups like Prosper are good examples of using an eBay-style P2P auction platform in financial credit services, rather successfully so far.

NotchUp is free to join, and you can even estimate how much you should ask for an interview with their calculator. For the type of professionals that they are targeting, I would actually say the price is about right. Since they seem to be different than the run of the mill networking site, I decided to sign up just to see how the model works.

From this article at NetworkWorld:

You say you wouldn’t interview with Company X if they paid you?

A startup called NotchUp is betting that’s a bluff.

Debuting this morning at Network World’s DEMO 08 in Palm Desert, Calif., NotchUp founders Jim Ambras and Rob Ellis tell me that 15,000 people a day are signing up for their new eBay-like employment service - based solely on word of mouth. The founders are convinced employers will pay hundreds of dollars directly to people they would like to interview — especially those not actively in the job market — because it will bring them better candidates faster.

So how does it work?

To get started, simply register, create a profile (which is similar to an online resume), and set an interview price. Your interview price is the price at which you’ll talk to prospective employers. Once you’ve created your profile, companies will search it and make you paid offers to interview if you have the skills and experience they’re looking for. Accept the offers you’re interested in, go to the interviews, and we’ll collect the money and transfer it to you.

Personally I feel, It’d be cool if this company merged with LinkedIn since this is complementary to what LinkedIn offers and it would definitely reduce the number of site memberships I have to maintain.

Hollywood's Dollies

The popular perception is that that Bollywood/Kollywood (I am just going to call it Indiewood to refer to our neck of the woods) is the only place where the same actor donned multiple roles, sometimes as flimsy as playing brothers (with and without mustache) or playing father and son (ala all Sarath Kumar movies). Though multiple roles in Hollywood may not be as regular as in Indiewood, Hollywood is definitely not immune to it.

Peter Sellers' 3 roles in Dr. Strangelove or How I Learned to Stop Worrying and Love the Bomb (one of my all-time favorite movies), Mike Myers' 4 in Austin Powers movies and Eddie Murphy's uncountable roles in Nutty Professor spring to mind immediately. I was curious to find out if Hollywood was more prone to "cloning" than what meets the eye and below is a complete list that resulted out of a little digging. If not anything, it is worth a nice bite of trivia or an ice-breaker for that SuperBowl party this weekend.

• Rolf Leslie - 27 parts in the life story of Queen Victoria, Sixty Years a Queen (1913).
• Lupino Lane - 24 parts in Only Me (1929).
• Joseph Henabery - 14 characters in the Birth of a Nation (1915).
• Robert Hirsch - 12 roles in No Questions on Saturday (1964).
• Michael Ripper - 9 parts in What a Crazy World (1963).
• Sir Alec Guinness - 8 roles in Kind Hearts and Coronets (1949).
• Eddie Murphy - 8 characters in Nutty Professor II: The Klumps (2000) and 7 characters in The Nutty Professor (1996).
• Jerry Lewis - 7 characters in The Family Jewels (1965).
• Peter Sellers - 6 roles in Let's Go Crazy (1951), 6 roles in Soft Beds, Hard Battles (1974) and 3 roles in Dr. Strangelove (1964) and more.
• Scott Mosier 5 roles in Clerks
• Vincent Perrera 5 roles in Clerks
• Mike Myers - 4 roles in Austin Powers in Goldmember (2002).
• Terry Thomas - 3 parts in Arabella (1969).
• Red Skelton - 3 characters in Watch the Birdy (1930).
• Meg Ryan - 3 roles in "Joe Versus the Volcano" (1990)

It is noteworthy that Kamal Hassan's perfect 10 in Dasavatharam or Sivaji Ganesan's near-perfect 9 in Navarathri, though not at the top of the list are definitely in the top 5.