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Mohit Bansal@ISM
16-06-2012
Musicperk.com was started in Feb 2011.It is a website for exclusive music content. It provides a range of content ranging from music news, ratings, reviews for albums in English, Hindi, Tamil, Telugu and Game OSTs, soundtracks, music accessories and services. Their focus is also on lesser known bands and we aim at being a platform for them as well. The founder started it in his 3rd year of graduation and took it to this level with in 1 year.MusicPerk website looks awesome and shows professionalism among the founders.So all the music lovers have your perk at musicperk…. One feature that we liked the most about the musicperk is that they provide summary of the album too, in case you dont want to read the entire article…..really awesome!!!! Let see what Mr. Sarang Ananda Rao, Founder (musicperk.com) wants to share with us- Techaloo:How the entrepreneurship journey started? Or who...
Rohan Coutinho
16-06-2012
Innovation is a new buzz word these days. Every company, every CEO is talking about innovation, knowledge economy and IPR, possibly without an inkling of what these terms mean. The very word conjures a several images in mind. Who can not think of Edison? The famous inventor of the light-bulb and a thousand odd inventions. Speaking of oddity, some of his inventions were considered queer in his time. Talk about an idea whose time had not come and you will hear about Edison’s concrete houses which never took off. His idea of low cost, fire-proof housing never caught on. Today we use pretty much the same principles to build our homes and sky scrapers. Take his electric car concept as another example. He envisaged a car that would run on batteries and would not need charging for at least a 100 miles. This was the 1900s when petra-oleum lived upto its name with rock bottom prices. There...
Mohit Bansal@ISM
14-06-2012
A survey done by leading news paper Economics Times, shows that startups and some lesser known firms made the most as big employer brands slashed hiring at the country’s top B-schools by 19% this year. Online gaming site “Zynga” picked 16 students from Indian Institute of Managemeant(IIMs) , including Ahmedabad, Bangalore, Calcutta and Kozhikode. It was the first time when Zynga made any recruitment from IIMs for a specific role : Product Manager. E-retailer giant Flipkart recruited 6 graduates from IIM-Bangalore. Flareum Tech, a little known clean energy startup (Earlier Gadhia Solar) roped 35. SuperMax(Headquartered in Dubai), manufacturers of razor blades, hired 14 grads from IIM-A and 12 from IIM-B. Mumbai based real estate firm Lodha Group recruited 7 from IIM-B. Big brands such as ICICI Bank, Infosys, Cognizant, Deloitte and P&G hired fewer numbers this year from the 16...
Mohit Bansal@ISM
14-06-2012
Hey, I have an E-commerce attribute in my website, what payment gateway should I use?? How can I avail online money transfer securely from my customers?? These are the very first questions which arrive in the mind of a new entrepreneur. E-Commerce field is developing as the burning trend among the young entrepreneurs. The success of Flipkart.com and the other e-commerce websites have carved a story for all of us. But when money factor is involved, there is a risk. According to the statistics of irctc.co.in (the biggest E-commerce site) on their site on an average 2.5 million transactions fail.So one must be careful while choosing gateway for their website. In the E-commerce site one has to consider the following factors for their payment gateway.. 1) Easy transaction for your customer. 2) Less commission. 3) Availability of many payment options. 4) Easy integration. 5) Refund and cash back...
Mohit Bansal@ISM
12-06-2012
mymitra.com is an online matchmaking site for graduates worldwide. They offer a platform for professionals and accomplished people to meet with other like minded people. USP: Profiles are verified and then displayed based on an individual’s merit. At mymitra.com you can meet other graduates around the world who have similar interests and tastes like yours. Our target audience consists of people looking for a serious relationship. This audience is not interested in meeting random people nearby. They are focused on finding the right optimal person. Achievement becomes a very important parameter for this audience wanting serious relationships. At mymitra.com they have tried to rank and list people who match a search query, in order of their achievement.Their proprietary algorithm uses education and commitment as some proxies to quantify achievement. So based on these metrics, the higher a...
Mohit Bansal@ISM
12-06-2012
Ready access to early-stage finance, especially seed capital, is a critical factor in a favourable entrepreneurial ecosystem. It is a key factor in deciding whether to become an entrepreneur as well as in deciding the nature of the enterprise to promote. This is especially important for younger and first-generation entrepreneurs. There are two basic types of early stage finance: debt (largely from banks and financial institutions) and equity (from sources such as angels, venture capital funds and private equity funds). While traditional bank financing largely relies on the criteria of adequate collateral and established track record to judge credit-worthiness before disbursement of funds, the equity based sources are less risk averse and restrictive in financing start-ups. However, as of now, traditional debt based models cover a wider range of entrepreneurial sectors, compared to venture...
Mohit Bansal@ISM
10-06-2012
About the book: Title:The New Age Entrepreneurs Publisher : Random House India(www.randomhouse.co.in) Author: More than One ISBN: 9788184001761 This is the first book in the Mint Business Series,Published as a result of a unique partnership between Mint and Random House India. Review: The cover page of the book, looks quite interesting. On the cover page it is shown that if you have a plan and you nurture it well then you are surely going to be Successful else you will end-up in a mess. Book covers the stories of 30 successful entrepreneurs from South India, including Mu-Sigma, Accel and other. The important thing about the book is that it covers the diversity. The entrepreneurs interviewed belong to different business fields including from sweets to IT and consultancy. This is a good point that , most of the interviewed entrepreneurs started their journey from scratch. Stories of most...
Vamsi Krishna
05-06-2012
16,000 business ideas at one place. 850 entrepreneurs mentored. 74 start-ups given intensive mentoring at IIM Ahmedabad.45 entrepreneurs given cash grants and 15 provided seed funding. Wondering!!! That was The Power of Ideas in 2010. The Power of Ideas is an initiative by The Economic Times.Ideas will be nurtured with guidance from mentors before submitting to investors.Impressive Ideas will be given grants and seed funds.It is the intellectual property of The Economic Times with a three-way public-private-academic partnership.ET has collaborated with the Department of Science and Technology (Govt of India) and the Indian Institute of Ahmedabad’s CIIE (Center for Innovation, Incubation and Entrepreneurship). Entrepreneurs,Start-ups,Students,Corporate Executives:Any of these people can participate in Power of Ideas.The only prerequisites are that one should be a Resident Indian,above...
Mohit Bansal@ISM
05-06-2012
Anayalabs is a startup by the students of BITS Pilani. Anaya create technology products specific to the domains of collaboration, real time communications, simulations and computer graphics. They also keep dabbling in various applications in between to surround us with a fresh and fun environment, which is also why they love the ‘labs’ tag. Products. Protean makes it really easy to communicate and give feedback upon visual assets. Imagine drawing right on top of videos as they play, or recording your reaction to a scene. You could be reviewing in different timezones & even at different times, with Protean doing its best to make you feel as if the other person is right there with you! BiztrotterAn engaging quizzing game they developed for IIM Bangalore where you could actually earn miles and visit places by correctly answering questions. Whoever touches all exquisite...
Mohit Bansal@ISM
03-06-2012
What motivate an individual to be an entrepreneur?? Are they born entrepreneur?? There are varied approaches to understanding why some individuals decide to venture into Entrepreneurship and, thereby, ‘break through traditional ways of doing things’.Notwithstanding numerous studies on ‘entrepreneurial traits’, there are no ‘well-defined psychological attitudes or profiles that describe all entrepreneurs or characteristics to which entrepreneurs generally conform’. As Amar Bhide put it, ‘There is no ideal profile. Entrepreneurs can be gregarious or taciturn, analytical or intuitive, cautious or daring’. To find out the factors behind an entrepreneur, National Knowledge Commission(NKC) of India studied it in great details. According to the report,an overwhelming 99.4% of the entrepreneurs said they do not want to be in a routine job, signifying that they are satisfied with...
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