Young Turks

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Young Turks- This section is dedicated to all the youngsters who rebels against authority or societal expectations and Did Exceptionally Well in their field.

Now Even Copying is original-Phokatcopy

About Phokatcopy

PhokatCopy links student needs with an innovative marketing strategy, providing an opportunity for highly streamlined advertising, with targeted brand visibility to impact this demographic.

It offers students photocopying services at no cost, subsidized by revenues gained through advertising initiatives on the back page.

THE TEAM

Harsh Narang

Founder

Harsh is a fifth year student at the Indian Institute of Technology, Delhi. He is pursuing a Masters of Technology in Mathematics and Computing. He has worked in the Algorithmic Trading Desk at an international Investment Bank, with a start up firm within IIT-D and also as a Research Assistant at a reputed European University. The concept of free photocopying came to him on a long afternoon in 2007, after he had just copied a mountain of notes! He worked on refining the concept and the financials and fleshed out the idea over the course of the year - and PhokatCopy was born! With a team of fellow IIT-D companions, Harsh has participated and won laurels at numerous entrepreneurship and business plan competitions for this idea. He has been recognised at institutions such as IIT-D, IIT-R, IIT-M, IIM-B, PEC, Delhi University amongst others. Currently, Harsh acts as the founding director of PhokatCopy and would love to discuss the idea and its potential with you at: harsh.narang@phokatcopy.com

Akshat Rathee

Angel Investor

Akshat's an engineer, an MBA and a 'semi' lawyer who was bitten by the entrepreneurial bug after 5 years in the job market. He currently runs 6 companies under the NODWIN group and is a board member in another 7 including Phokat Copy. He's also on the board of advisers of AIESEC, the world's largest student run organization. Along with funding the venture, Akshat also advises on the financial and business strategy.

Shruti Chawla

Vice-President (Operations)

Shruti is a 2nd year post-graduate student at IIT Delhi. She has worked with Helpage India and SPICMACAY, and is currently pursuing a Master of Science in Mathematics, besides taking care of the Phokatcopy Operations. She also advises on the Administration. She can be contacted at shruti.chawla@phokatcopy.com

Navjot Kukreja

Vice-President (Technology Operations)

Navjot is an Electronics Engineering passout from BITS, Pilani. In the past, he has been involved in numerous startups, apart from the Commonwealth Games Organizing Committee. At PhokatCopy, he is in charge of Technology Operations. He is currently involved in another startup in the field of Analytics, apart from Phokatcopy. He can be reached atnavjot.kukreja@phokatcopy.com.

Naukri.Com

With a bachelors in Economics from St Stephen's, Delhi and a diploma in management from IIM (A) and a stint with advertising and GlaxoSmithkline (then HMM), Sanjeev Bikhchandani, co-founder and CEO, InfoEdge (India) , better known by its Web site naukri.com, is today sitting over a business worth Rs 45 crore (Rs 450 million) with 600 employees and 35 offices all over the country.

The GlaxoSmithkline days

It was during my stint with Glaxosmithkline (then HMM) that I realised that employees love talking about jobs and career movement. I realised jobs are an extremely high interest information category for almost all people and headhunting had tremendous potential.

First taste of entrepreneurship

I started out as a partnership firm in 1989, where I was a sleeping partner. By 1990 I had concluded that there was probably a large, highly fragmented database of jobs out there with HR managers and headhunters which, if someone were to aggregate and keep current, would be a very valuable resource.

We set up office in the servant's quarter above the garage in my father's house, paying my father a rent of Rs 800. For the first few years we did salary surveys and built and marketed a database of pharmaceutical trademarks.

Though the company was kept afloat, I was unable to draw a salary and we ran the house on my wife's salary. To meet my personal expenses, I would teach at business schools as visiting faculty on weekends.

It was in response to a Department of Telecom's (DoT) advertisement to launch a videotex service in Delhi that I prepared a database of jobs. It was a pay-to-view model, where initially the employer would be allowed to host his job free and we would earn from the revenue share the DoT would give us. But the project never took off.

Turning point

It was on my visit to IT Asia in 1996 that I came to know of the World Wide Web. To register my website and get a domain name, I had to take help from my brother, who lived in the US and has a stake in the company. The naukri.com site was set up in March 1997 as a division of InfoEdge.

What was interesting was that I could not get any domain name I wanted (all such names which had the word job were already registered) and had to settle down with the Hindi term "naukri", which actually makes it different from other jobsites today. At this point I was joined by Anil Lall, the chief technical officer and V N Saroja, chief operating officer.

Dual responsibility

With the recession, I had to take up a part-time job, but in the same domain area. Between 1996 and 2000, I also worked atThe Pioneer. Initially, the consulting editor of Avenues -- the careers supplement of The Pioneer -- I was instrumental in working out an investment package with a consortium of four financial institutions --  ICICI, IDBI, IFCI and UTI.

In the morning, I used to work for naukri.com, go to The Pioneer during the day and then get back to naukri.com in the evening.

Reaping fruits of success

Naukri.com became profitable from the second year. Today, we have a profit after tax of Rs 8.5 crore (Rs 85 million). It was now time for expansion. InfoEdge aquired Jeevansathi in September 2004. Besides, we have an offline recruitment business through our venture Quadrangle.

Today, naukri.com gets over 100 million page views a month and has over 3.5 million registered users. It is estimated that over 700,000 people have found jobs through naukri.com. Over 15,000 organisations have used the site for recruitment. In August-September we intend to launch a real estate portal.

The site had a revenue of just over Rs 200,000 in the first year of operations. In the second year, however, revenue quickly climbed to Rs 1.2 million.

I made do with my own finances till 2000, when I got funding from ICICI Venture Capital. So far, we have taken only one round of venture capital of Rs 7.3 crore (Rs 73 million).

Source: rediff.com

They Didn't need College

How many times were you told to make sure you worked hard in high school so you could go to college and get a good career job? Okay, maybe not all of you got nagged about it, but probably a good portion of today’s generation of adults did.

It’s natural to wonder whether college is really necessary. A college degree, as many have found, is no guarantee of a good career. On the flipside, there are many successful entrepreneurs who didn’t need their college education and become millionaires anyway. Here are fifteen of them, both contemporary and from the past, in alphabetical order.

• Mary Kay Ash. The founder of Mary Kay Inc. started a cosmetics business. While she didn’t have a college education or any training, she successfully created a brand known throughout the world. To date, nearly half a million women have started Mary Kay businesses, selling cosmetics. Theirappreciation for Mary Kay Ash is unwavering.
• Richard Branson. Richard Branson is best known for his thrill seeking spirit and outrageous business tactics. He dropped out at the age of 16 and started his first successful business venture, Student Magazine. He is the owner of the Virgin brand and its 360 companies. His companies include Virgin Megastore and Virgin Atlantic Airway.
• Coco Chanel. An orphan for many years, Gabrielle CocoChanel trained as a seamstress. Determined to invent herself, she threw out the ideas that the fashion world deemed feminine, boldly using fabric and styles normally reserved for men. A perfume bearing her name, Chanel No. 5 kept her name famous.
• Simon Cowell. Simon Cowell started in a mailroom for a music publishing company. He has since become an Artist and Repertoire (A&R) executive for Sony BMG in the UK, and a television producer and judge for major television talent contests including American Idol.
• Michael Dell. With $1,000, dedication and desire, Michael Delldropped out of college at age 19 to start PC’s Limited, later named Dell, Inc. Dell became the most profitable PC manufacturer in the world. In 1996, The Michael and Susan Dell Foundation offered a $50 million grant to The University of Texas at Austin to be used for children’s health and education in the city.
• Barry Diller. Fox Broadcasting Company was started by a college dropout, Barry Diller. Diller is now chairman of Expedia, and CEO of of IAC/InterActiveCorp which includes Home Shopping Network and Ticketmaster.
• Walt Disney. Having dropped out of high school at 16, Walt Disney’s career and accomplishments are astounding. The most influential animator, Disney holds the record for the most awards and nominations. Disney’s imagination included cartoons and theme parks. The Walt Disney Company now has annual revenue of $30 billion.
• Debbi Fields. As a young, 20 year old housewife with no business experience, Debbi Fields started Mrs. Fields Chocolate Chippery. With a recipe for chocolate chip cookies, this young woman became the most successful cookie company owner. She later renamed, franchised, then sold Mrs. Field’s Cookies.
• Henry Ford. At 16, Henry Ford left home to apprentice as a machinist. He later started Ford Motor Company tomanufacture automobiles. Ford’s first major success, the Model T, allowed Ford to open a large factory and later start the assembly line production, revolutionalizing the auto-making industry.
• Bill Gates. Ranked as the world’s richest person from 1995-2006, Bill Gates was a college drop out. He started the largest computer software company, Microsoft Corporation. Gates and his wife are philanthropists, starting The Bill & Melinda Gates Foundation with a focus on global health and learning.
• Milton Hershey. With only a fourth grade education, Milton Hershey started his own chocolate company. Hershey’s Milk Chocolate became the first nationally marketed chocolate. Hershey also focused on building a wonderful community for his workers, known as Hershey, Pennsylvania.
• Steve Jobs. After attending one semester of college, SteveJobs worked for Atari before co-founding Apple Computers. Now without the “Computers” in their name, Apple includes innovative products such as the iPod, iTunes, and most recently the iPhone. Steve Jobs was also the CEO and co-founder of Pixar before it merged with Walt Disney.
• Rachael Ray. Despite having no formal training in culinary arts, Rachel Ray has made a name for herself in the food industry. With numerous shows on the Food Network, a talk show and cookbooks, high-energy Rachael doesn’t slow down. She has also appeared in magazines as well has having her own magazine debut in 2006. She knew she was a success when a website dedicated to bashing her was created.
• Ty Warner. Sole owner, CEO, and Chairman of Ty, Inc., Ty Warner is a savvy, yet private business man. Ty, Inc., made $700 million in a single year with the Beanie Babies craze without spending money on advertising! He has since expanded to include Ty Girlz dolls, directly competing with Bratz dolls.
• Frank Lloyd Wright. Having never attended high school, Frank Lloyd Wright surpassed all odds when he became themost influential architect of the twentieth century. Wright designed more than 1,100 projects with about half actually being built. His designs have inspired numerous architects to look at the beauty around them and add to it.
• Source: college-startup