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Mark Zuckerberg, founder of FaceBook, felicitated by Harvard. Are the IIT’s listening?
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24 year old founder and CEO of Facebook, Mark Zuckerberg, who also happens to be a Harvard university dropout when he launched facebook is now getting felicitated by Harvard . Today, Zuckerberg, 24, is famous for other reasons. For one reason being, analysts think he could be the nation’s richest man under 25, with a net worth estimated at $1.5 billion. More importantly, he has transformed his company from second-tier social network to full-fledged platform that organizes the entire Internet. Now, with him dropping out of Harvard, he becomes the second “real Techie”-turned-billionaire, after Bill Gates, to dropout of Harvard and form a trendsetting company. He now joins the Elite list, that includes the likes of Bill Gates, Steve Jobs, Michael Dell, Larry and Sergey of Google fame, who have dropped out of reputed colleges like Stanford & Harvard and have developed products that have revolutionized this world.
It’s only when Facebook was bid for 1 billion by Yahoo and later valued 15 billion by Microsoft, I think, Facebook can safely be touted as the next revolution. Now, with incidents like poaching Google’s Chief Food Officer, Facebook seems to be the upcoming network swearing to end the monopoly of Google.
Even Though the Indian economy has been booming in the recent years and there have been firms which have been funded by VCs, we are still to witness those breakthrough products as in United States. We do have entrepreneurs here but nobody really seems to be smiiten by the value of Entrepreneurship. I have not seen anybody from the IITs or even, my college, BITS Pilani dropping out (having courage to do that!) to start a revolutionary product/service. The focus is still on slogging one’s ass off in a MNC and maybe after 5 years of ‘working’, gather a team who looks for a model such as Google and Facebook and make an Indian version of it (as is done by Guruji and Minglebox).
If you analyze the real reason behind the absence of spirit amongst us Indians, it is majorly because of two reasons. Firstly, the Indian mentality, where priority is given to service and those who take risks are termed a callous. Parents don’t allow the seeds of entrepreneurship to nurture (such a scenario was true in our homes when me and a few friends of mine had started IMConfuzed.com). Secondly, even our educational institutions don’t acknowledge this skill. Can you imagine somebody from an IIT dropping out and then IITs taking an initiative to support him and then even facilitate him on his success?
It is just optimism that I have in knowing that many leading institutes have incubation programs to support great ideas. Also, with Business Plan Competitions happening on the national scale,it would only encaurage
more and more people with entrepreneurial ideas and instill in them a sense of fearlessness that even if they fail,they would only be encauraged to take more risks.
Here’s a speech from Apple CEO Steve Jobs, the day he was felicitated by
Stanford::
hi,,
nice article. while generally it is true, indian people are relative less risk averse. But there are example of risk takers. One of the companies [VidyCenter.com] founders, Suyash, though got calls from IIM and had a cusy job in Blore, left all that and started his company.
I doubt this is possible here ! intersting post…