64 karma · joined August 16, 2010
94,000 Rupees is a lot of money in India but it is not so huge either. A small local doctor in a city will make around that money in a month.
(ps: If you actually had a guy driving you for 25$ in Chennai, do pass me his number. I will happily use him.)
1. These guys have worked pretty hard and/or are pretty damned smart which was the reason they got in there in the first place. The placement opportunities reflect exactly that and that is a pretty strong incentive for them not to launch their own startup.
2. Getting some working experience is a very good thing because their jobs offer them great exposure and experience, a pretty strong network of people and a clearer picture of what they are up against. While jumping off a cliff might be very brave and fashionable thing to do, it might not always be the smartest.
The startup ecosystem sucks in India and is nothing compared to the US (I leave room for the grass is greener effect - I don't think that is the case here). Funding is hard to come by and most business don't like dealing with startups. When the odds are that badly stacked against you, a broader network of people helps enormously.
3. A good %age are gasp actually interested in their engineering courses (IITM particularly has a healthy number & tradition) and pursue further studies abroad. A few of them go on to start their own companies in the US and others contribute to startups there.
4. When I see the word solution, I expect to actually see a solution - not read why you think it is an inherent quality.
5. Never use statements like "X group never does it". It takes away whatever miniscule credibility the article has. Some obvious examples of IITians doing startups: Flipkart, Rabi Kisku entertainment (Rabi Kisku and Siddharth Nuni are about to release their movie Software Hardware kya yaaroon) and several several more. You just have to look.
6. Startups are not for everyone. Hardworking and smart alone doesn't cut it and it is not a bad thing that not all these guys are doing it. Doesn't mean they are wasting their life away.
Disclaimer: I was one of those Vetti 5 pointers at IITM, who took a 2.75l job in 2006 ago and I am running my own bootstrapped startup with my batchmate since 2011. If my startup fails (at my last stand), I don't think I will do a bootstrapped startup in India ever again and that has very little to do with the size of my cojones.
I had pretty good growth when I was working for the big firms, so it did not affect me there. However, after starting up, I find that I really wish that I had some formal education in CS. It bothers me that I might be coming up with really inferior solutions to certain common problems. But my hands are a little full right now. Some day, perhaps.
Edit: Fixed a couple of grammatical errors.
So yet to get the killer feature.
Regarding Sanderson's books, it is amazing to see so much material come so quickly.
May the Dragon ride again on the winds of time.
> when I walk by a child slaving in a teashop.
You know quite well that child labor is illegal in India and we have a huge enforcement problem. When you walk by such a child, why don't you report this to the cops? Why don't you pass on this information to CRY or some such NGO. Have you tried speaking to the guy who employs the kid and tried to get the child enrolled in some school?
My point precisely is that as a dispassionate observer, you are not doing anything to solve the problem. I will state why I believe there is reason for hope.
When I had gone to get my driver's license in Hyderabad, I was turned down on the pretext of not knowing some archaic clauses because I did not come through an agent and hence had not bribed the person incharge. However, next time round, there was a redhat system on which I had to give my test (no more answering questions to some guy). Now there is a very clean smooth system with very little scope of corruption.
A billion plus population and a poor one at that will lead to chaos. To jump from that to a country disintegrating calls for quite a leap of faith. I highly doubt that there has been a study of failed states to definitively conclude that your figures lead directly to a disintegrating state.
Rather than trying to point out the areas of hope, I would not have really bothered to take part in the discussion.
If you ask me, there is perhaps a brighter side to this. As a nation recovering from massive looting for over two centuries, a large number of us are actually doing quite well. Compared with other nations who became independent at the same time and considering the amount of resources we had at that time, we have managed a fairly prosperous growing democracy.
Regarding abject poverty and health care resources , a considerable number of people are actually getting the promised benefits. Wen I broke my hand a month, I saw a guy who earns by plying rickshaws waiting to see the doctor at a top tier hospital thanks to some government insurance scheme. Human rights issues are actually brought to the notice of people thanks to the media and public outcry often forces action.
Yes there are things to be worried about and a good number of our problems will actually be resolved much faster if the educated masses actually got out to vote. However in the mean time, technology is certainly helping solve most of our problems. Especially reducing corruption.
-> Telling her to "wait three months until the next review process" will probably lose that employee.
Is that really the kind of employee you want? The minute you cave in, you start setting a dangerous pattern. I guess this is where your leadership skills should come into play and you convince the employee to wait. In the mean time you could perhaps plan to transition the employee to a better role/ add further responsibilities so that she feels like she has gotten something. And come appraisal cycle, you better reward her for sticking by you. Anyway, thats how I would do it.