Kishore Biyani has never been a fan of e-commerce. Now it seems like he’s putting his words into action – while Flipkart, Snapdeal and Amazon have been squabbling with each other through ads and discounts, he’s decided to take on the entire industry at once.
Freshersworld is somewhat of an anomaly in today’s fast-paced startup ecosystem. For starters, it’s barely a startup, having started off way back in 2006. Also, it hasn’t yet joined the funding rat race, and remains proudly bootstrapped to this day. And most importantly, unlike other vaunted, well-publicized startups, it’s profitable – it had revenues of Rs. 19 crore last year.
As I sit down to write this blog entry on why our offline model failed, a realization sets in. All the hundreds of conversations with mentors, friends, colleagues and investors across the globe over the last three years discussing this business is now seeing a closure.
An employee at IBM India quit his job with a stinker of an email targeted to call his managers out. In his farewell email, not only does he not make any bones about his real reason for leaving, but also openly and brutally castigates his managers at IBM.
It was a cold December night in 2004, and like millions of Indians, a young Ayush Bisaria watched David Blaine perform his bag of tricks on AXN. Blaine would approach people on the streets, and blow them away by makings cards disappear, showing superhuman strength, and for one dramatic trick, levitating spookily above the ground. Bisaria was mesmerized.
The Karnataka government has come out with a policy that aims to regulate the vehicle aggregators in the state, but Uber doesn’t agree with all its proposals.
Mu Sigma CEO Dhiraj Rajaram has been sued in the US for misleading an early investor about the prospects of the company. Patrick G. Ryan, who at one point held 17.5% of shares in Mu Sigma, claims that Rajaram cheated him of millions of dollars by downplaying Mu Sigma’s growth prospects, which caused him to sell back his stake for an amount much less than they were worth.
If you are earning less than your colleague, you can now also blame it on your genes. Small men and overweight women…
A first-hand description of the reason, the process involved when the author got fired for violating a policy, from Facebook, Menlo Park, CA. He describes the shock and trauma he went through, but eventually moved on and built a life yet again.