Monday, May 16, 2011

[NN] NN output activations with cross entropy error function

NN_sigmoid_softmax.pdf Download this file

Binomial - sigmoid activation function;

Multinomial - softmax activation function.

The error functions are all cross entropy.

Posted via email from Troy's posterous

Wednesday, May 4, 2011

[Business] Business Plan Formating

BUSINESS PLAN
FORMATTING
We like business plans that present a lot of information in as few words as possible. The following format, within 15-20 slides, is all that’s needed:

COMPANY PURPOSE

  • Define the company/business in a single declarative sentence.

PROBLEM

  • Describe the pain of the customer (or the customer’s customer).
  • Outline how the customer addresses the issue today.

SOLUTION

  • Demonstrate your company’s value proposition to make the customer’s life better.
  • Show where your product physically sits.
  • Provide use cases.

WHY NOW

  • Set-up the historical evolution of your category.
  • Define recent trends that make your solution possible.

MARKET SIZE

  • Identify/profile the customer you cater to.
  • Calculate the TAM (top down), SAM (bottoms up) and SOM.

COMPETITION

  • List competitors
  • List competitive advantages

PRODUCT

  • Product line-up (form factor, functionality, features, architecture, intellectual property).
  • Development roadmap.

BUSINESS MODEL

  • Revenue model
  • Pricing
  • Average account size and/or lifetime value
  • Sales & distribution model
  • Customer/pipeline list

TEAM

  • Founders & Management
  • Board of Directors/Board of Advisors

FINANCIALS

  • P&L
  • Balance sheet
  • Cash flow
  • Cap table
  • The deal

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Thursday, April 28, 2011

[Business] Business model

What is your business model? Amazingly many people who start a business can't answer this question. In its most basic form, the business model is the diagram of how you will convert your product or service into money in your pocket.

Many entrepreneurs suffer from the Field of Dreams affliction. They are sure that their product or service is so fabulous that everyone will want it without taking into account how their potential customers buy things or even how they will finance the gap between the sale and the cash coming in the door.

To create your business model, you need to answer the following questions:

  • to whom are you going to sell your product?
  • what problems does your product or service solve for the customer?
  • how you are going to reach your customers?
  • how and when the customers will pay you?
  • how your products will get from concept stage into your customers' hands?
  • who are your competitors and how are you different?

In business speak, the business model needs the following components:

Value Proposition - this term is highly overused by every MBA and VC associate out there, but the concept is important. The value proposition is a description of the value that you bring to your customer; ie, what problem are you solving? In short, is your product faster, better, or cheaper?

Market Segment - who are you going to sell your product or service to. This is the type of customer that you will target. You need to determine why they are the right group who are willing to pay money to you.

Value Chain - another good b-school term. You need to determine where you are in the value chain. If you are making a widget that improves a driver's experience, but it can only be installed by the car manufacturer, then you have a place in the automotive value chain. You need to understand how you fit in this chain and what prices you can charge as a result of that place.

Revenue and Margin - How will you price the product and how will people pay you? License, fee upfront, payment over time. What are your costs? Will you be able to bring them down over time. If there is a big profit margin in your business, expect other company to try to enter the same business.

Competitive Strategy - who is your competition and how will you differentiate yourself from them. Are you better, faster or cheaper? Does your competition have the ability to improve in response to your entry into the market? Don't forget that your customer choosing to do nothing can be competition.

Many entrepreneurs think that the business model is the same as the business plan. Your business plan is actually how you plan to execute on your business model. Build the model first, find your strengths and weaknesses and write the plan on how you will reach your goal.

Article Source: http://EzineArticles.com/966230

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Wednesday, April 27, 2011

[ML] Some learnings

    * Active Learning = supervised + oracle queries

* Semi-supervised Learning = supervised + unlabeled data
* Multitask & Transfer Learning = supervised + data from related task(s)
* Domain Adaptation = supervised + data from source domain(s)
* Multiview Learning = supervised + alternative data views
* Learning in a Bandit Setting = supervised + limited feedback
* Multiple-Instance Learning = supervised + relaxed label granularity
* Learning with Expert Knowledge = supervised + side information
* Weakly Labeled Data = supervised + free (possibly inaccurate) labels
* Human Computation and Crowd-sourcing = supervised + free/inexpensive
annotators
* Learning on a Budget = supervised + misc. cost constraints

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Friday, April 1, 2011

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