Showing posts with label aspirations. Show all posts
Showing posts with label aspirations. Show all posts

Saturday, 23 January 2016

The American Dream and the enigma of departure

The deportation of hundreds of aspiring Indian students betrays not just a lack of synergy between U.S. Customs and Border Protection and U.S. consular missions in India but also a series of fatal flaws in the regulation of American higher education

In late 2015, Venkat, an Indian national, arrived at a popular West Coast airport in the U.S., brimming with excitement about the degree in computer science that he hoped to pursue at Northwestern Polytechnic University (NPU), in Fremont, California.

He had diligently pulled together what he believed was a strong cache of evidence on his college admission and his financial record, including documents citing the value of the farmland his father owned and even his brother’s income certificate.

But a different fate awaited him.

Instead of disembarking the aircraft and travelling on to the NPU campus as he had hoped, Venkat was pulled out of the immigration line and grilled for three hours by U.S. Customs and Border Protection (CBP) officers in a well-lit, sparsely furnished room.

During the interrogation, officials even tested his academic proficiency with mathematics equations and computer science concepts, and despite giving “satisfactory answers” to convince the border police of his bona fide admission to NPU, Venkat was handcuffed at the end of the ordeal, deported to India and slapped with a five-year entry ban.

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Tuesday, 29 January 2013

Why Indian middle class family does not encourage aspiring entrepreneur

In March 2009, the parents of IIT Delhi alumnus Deepinder Goyal, 29, were perplexed to see their son working from home. After a few days, they began to worry. Their "worst fears" were confirmed when Goyal disclosed that he had quit his cushy job at consulting firm Bain & Co to set up a foodie website—Foodiebay.com. His parents were worried and advised Goyal to return to a "job." But the company he founded, now called Zomato.com, received $2.3 million (about Rs 12.3 crore) in funding in 2011, broke even with estimated revenue of more than Rs 3.5 crore in 2012, and has even expanded to west Asia and Europe. "They are extremely happy and proud now," says Goyal.

Like Goyal, almost every aspiring businessman finds the leap to entrepreneurship brings with it difficulties that are not just economic. The fear of rebuke or rejection from family and friends is in most cases their first challenge. "Resistance from families to risk is one of the three biggest inhibitors to entrepreneurship in India, the other two being capital and awareness," says Sanjay Anandaram, a venture partner with Seedfund and an active mentor to young entrepreneurs.

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