Pondering equations and expectations

(Photo credit @calypso999)

I'll admit it - the cabin fever is getting to me this week. Yesterday, on Earth Day, it alternately snowed, was super sunny, and was dark & stormy all within just a couple hours. Kinda the external version of what many of us are feeling these days. I think Mother Nature is also kinda tired & unsure yet laughing in the sun.


Taking care of yourself & the people around you

The time we are in is calling for a change in expectations. Humans naturally resist change. Even (or especially?) Type A folks like you & me.

Normally, we all struggle with the inherent contradictions of a growth mindset: I am confident in my skills & abilities & performance. Yet. I also know that there is more to learn & that I can and should improve my skills & abilities & performance to be a better (person, employee, manager, leader, etc) in this world.

Right now, it can be even harder to figure out how to set expectations for yourself, to be kind to yourself, to figure out whether you are Sir Isaac Newton (having potentially your "best" year while quarantined) or a literal couch potato.


Since this is a techie blog, here's an equation for you to ponder:

Satisfaction = Experience - Expectations

  • If you remember nothing else, remember this.

So what can you do to help change the inputs in this equation? Either improve your experience or reduce your expectations.

  • Ideas to improve experience: reach out to loved ones, work on fun projects, volunteer to make masks, watch movies, take online classes

  • Ideas to lower expectations: forgive yourself, be grateful for what you do have, ask yourself these daily Qs, go walk in nature with no devices, laugh at real or metaphorical "spilled milk"

So much of our experience these days is dictated for us by forces outside of our control. And while you may not be able to improve your experience any further, you can definitely lower your expectations. In either case, the goal is to help you have higher satisfaction with what's going on in life.

Understanding this equation & the paradox central to growth mindset will help you to become a fantastic manager in tech.

  • You will know how to take care of yourself when things are going great, and when things are rough.

  • You will also know how to navigate whatever crazy project is thrown your way, and how to help others do that too.

  • You will know how to help your team members set realistic expectations, how to give themselves a break, while also motivating them to look forward to great things in the future.


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Can FinTech rise to the occasion?

(Photo credit @jonasleupe)

Well, it snowed this morning, like an actual inch of snow. While it's beautiful outside, I am sooo ready for the day when I can sit in my backyard, doing calls & checking email. And though it can be fun to complain, I have been trying to up my gratefulness quotient for the things I do have. Among them: a roof over my head, a great job with a regular paycheck, and many friends/family just one-click away. It's worth it to take stock of the good things right now to help balance out all the challenging news in the press. Here are 5 tips to help you with starting a gratitude practice/journal (aimed at techies).


#techtopic

Really interesting news in fintech this week as PayPal, Intuit and Square were all approved by the Small Business Administration to participate in distributing emergency loans to small businesses. The $350 billion small business loan program is a part of Congress’s $2 trillion coronavirus stimulus package. It enables small businesses (those with fewer than 500 employees) to apply for loans & help firms to meet their payroll, utilities, and insurance expenses in order to reduce layoffs.

Many fintech lenders (in addition to the 3 above) have been lobbying Congress in recent weeks to help distribute these funds via a new organization Financial Innovation Now, claiming they have “the reach, relationships, and digital capabilities to reach those businesses most vulnerable” better than old school financial institutions. It will be interesting to see if they can make good on this promise, and it's quite surprising that the federal government granted these approvals so quickly.

And in other less surprising fintech news, the Facebook-backed Libra cryptocurrency has scaled back its ambitions for the project. Instead of launching its own un-attached currency system, it will be creating one that is tied to a local currency. I am still skeptical that it will be used as trust in Facebook is low among many consumers.


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What tech niches are experiencing high activity right now?

(Photo credit @cgower)

Well, I hope all of you are doing well in your place of isolation. I'm starting to have a bit of trouble in separating my days, which led me to include my first two tips. And since job searching is top of mind for many readers, I've included links to job boards with high activity. And I've also been fascinated to see the shifts in tech usage. As the saying goes, "nature abhors a vacuum" and so tech usage has simply shifted to other areas.


#techtopic


#speechifying

  • On Tue Apr 8, I was invited to give some brief remarks to my fellow Princeton classmates on the outlook for hiring/career/education/tech (alongside some other amazing folks, including a nonprofit founder/mountain climber, a food/CPG VC who worked with Michelle Obama & a senior writer for Time magazine). It was a great way to come together to get updates on each other, as well as hear what was happening in the world around us. And for those of us invited to give some short remarks, it felt good to share stories, advice, and hope.

#Shoutout


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