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Indians have Contributed in Creating Several Jobs in US through Startups, Still Face Accusations in the Country: Study

India faces accusations of taking away jobs from American people but have they only snatched and not given them opportunities through startups

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Sundar Pichai, CEO of Google Inc.
Sundar Pichai, CEO of Google Inc. Wikimedia
  • Indians have contributed to growth of iconic business firms like Sun Microsystems, Hotmail and some of them have turned into biggest entrepreneurs and job creators
  • There are many Indian-origin leaders who have become household names today like Indra Nooyi (Pepsi), Shantanu Narayen (Adobe), Satya Nadella (Microsoft), Sundar Pichai (Google)
  • Hotmail.com founder Sabeer Bhatia, the company was founded in the year 1996

New Delhi, August 21, 2017: Indians are facing accusations from Americans that they are snatching away American jobs, but it’s not the case.  There is an Indian- American venture capital firm called Inventus Capital Partners which is trying to throw some light on the contributions Indians have made in the growth of Silicon Valley.

Indians are stereotypically viewed as a source of cheap labor in US Technology Industry but they are much more than that. Case in point is over the last 10-20 years, Indians have contributed to the growth of iconic business firms like Sun Microsystems, Hotmail and some of them have turned into biggest entrepreneurs and job creators instead of being just job seekers.

As per a report from July, Director of Inventus Capital Partners- Manu Rekhi, the company operates from Bengaluru and San Mateo, California, he observed how Indians have left a mark in the American entrepreneurial space.

There are many Indian-origin leaders who have become household names today like Indra Nooyi (Pepsi), Shantanu Narayen (Adobe), Satya Nadella (Microsoft), Sundar Pichai (Google). But these success stories were due to decades of hard work.

Also Read: Facebook backs Delhi-based tutor enablement platform ‘XPrep’ as part of its global programme FBStart, designed to help early-stage Mobile Startups

In the early 1980’s, arrived in the US the first generation of Indian entrepreneurs. According to Quartz report, Manu Rekhi said,  “Among these legends  was Kanwal Rekhi (my partner) along with Vinod Khosla, Naren Gupta, Prabhu Goel, Suhas Patil, and many others, who went on to finding notable companies like Sun Microsystems (acquired  by Oracle), Excelan, and Cirrus Logic.”

When the early entrepreneurs moved to America global exposure was very limited and also their understanding of consumer behavior of the people in the US was also limited. That is the reason they founded engineering- heavy systems and networking companies instead of going for consumer facing ones.

Slowly, with time more Indian tried their hands at launching new ventures and also US doors opened for foreign students, thus Indian entrepreneurs turned their focus from enterprise to consumer- oriented companies. One prime example of this is Hotmail.com founder Sabeer Bhatia, the company was founded in the year 1996. Sabeer Bhatia is a BITS Pilani graduate, did masters from Stanford University and has worked for Apple before launching his maiden email service.

The 1990s was also the year in which the Indian-origin leaders were also mentors in the Silicon Valley.  Case in point is BV Jagadeesh who is a Serial Entrepreneur and Venture Capitalist. Jagdeesh helped to raise the seed money for Netscaler, a San Jose based company. He later went on to become its President and also CEO by the year 2000. Currently, Jagadeesh is a managing partner at KAAJ Ventures, it makes early stage investments in startups, and he is also an adjunct professor at Santa Clara University, takes classes on early-stage startups and valuation. Ram Shriram is a Venture Capitalist, a founding board member and is one of the first investors in Google. His stake in the company was $ 1.3 billion in the mid-2000, he also mentors budding startups.

Also Read: 4 Startups which changed the face of Food and Beverage Industry in India

Rekhi said that later companies of Indian entrepreneurs shifted towards technologies which were more advanced.For example, Jyoti Bansal started App Dynamics, a management and operations analytics firm, which was later acquired by Cisco for $3.7 billion on 22 March 2017. Dheeraj Pandey, Indian Institute of Technology (IIT) Kanpur alumni owns Nutanix, a cloud-computing software company. In 2016, it had a multi- billion dollar initial public offering. Manish Chandra who is the CEO, Poshmark, which is the social fashion marketplace. Chandra created a product which would be “unheard of 20 years ago,” Rekhi said.

For example, Jyoti Bansal started App Dynamics, a management and operations analytics firm, which was later acquired by Cisco for $3.7 billion on 22 March 2017. Dheeraj Pandey, Indian Institute of Technology (IIT) Kanpur alumni owns Nutanix, a cloud-computing software company. In 2016, it had a multi- billion-dollar initial public offering. Manish Chandra who is the CEO, Poshmark, which is the social fashion marketplace. Chandra created a product which would be “unheard of 20 years ago,” Rekhi said.

Indians are less than 1% in the total US population, but still by 2012 they founded 8% of all the American tech & engineering startups. The group has started one-third of the immigrant-founded startups in the US. The firms which they have founded also provide great acquisition opportunities and also made high-value public debuts, Rekhi said, mentions Quartz report.

The first Indian-American founder led company- Nasdaq IPO (Initial Public Offering) opened its doors in 1987 with Excelan going public, but the pickup in big-value exists came only in recent times.

In the last 5 years, the software and services sector, which has 17 companies, tops the list of IPOs owned by Indian founders and co-founders and has a combined market Capital of amount $26.2 billion. The second in the list were Pharmaceuticals, biotechnology, and life sciences in terms of the number of IPOs (six). But, the retail industry saw a much larger market Capital of as much as $6.67 billion, in comparison to Pharmaceuticals, it was $397 million. 10 of these 34 companies that make approximately 29% were acquired following their stock-market debut.

Also Read: Amazon Launchpad’ comes to India; will support Indian Startups

According to Quartz report, Rekhi said: “Even before the turn of the millennium, companies like IBM and Intel had been making acquisitions, but mostly of outsourcing services companies where you’re basically buying manpower.”

But between 2012 and 2017, more than 25 companies by Indian-origin entrepreneurs saw mergers and acquisitions worth- $500 million and more, Rekhi found.

Rekhi noted, “Topping that list is Western Digital’s acquisition of SanDisk, worth a whopping $19 billion, followed by several acquisitions from Cisco, HPE, and SAP.”

Today, 14 of the 261 unicorns are headed by Indian-origin founders (private companies valued at over $1 billion) in the US. These 14 startups, when taken together have a combined value of $35.17 billion and funding of $81.8 billion, with the IT industry taking the lead, according to Rekhi.


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Facebook, Google, Bing and Twitter Join The Trust Project to Help Users Combat Fake News

In their bid to combat fake news and help readers identify trustworthy news sources, Facebook, Google, Twitter and several media organisations have joined the non-partisan "The Trust Project"

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To Combat Fake News
To Combat Fake News Facebook, Twitter , Google have joined 'The Trust Project'. PIxabay.

San Francisco, Nov 19: In their bid to combat fake news and help readers identify trustworthy news sources, Facebook, Google, Twitter and several media organisations have joined the non-partisan “The Trust Project”.

“The Trust Project” is led by award-winning journalist Sally Lehrman of Santa Clara University’s Markkula Centre for Applied Ethics.

Starting from Friday, an icon will appear next to articles in Facebook News Feed.

When you click on the icon, you can read information on the organisations’ ethics and other standards, the journalists’ backgrounds, and how they do their work.

“Leading media companies representing dozens of news sites have begun to display ‘Trust Indicators’. These indicators, created by leaders from more than 75 news organisations also show what type of information people are reading a” news, opinion, analysis or advertising,” the university said in a statement.

Each indicator is signalled in the article and site code, providing the first standardised technical language for platforms to learn more from news sites about the quality and expertise behind journalists’ work.

“Google, Facebook, Bing and Twitter have all agreed to use the indicators and are investigating and piloting ideas about how to best to use them to surface and display quality journalism,” the university said.

German press agency DPA, The Economist, The Globe and Mail, the Independent Journal Review, Mic, Italy’s La Republica and La Stampa, Trinity Mirror and The Washington Post are among the companies starting to go live with “Trust Indicators” this month.

The Institute for Non-profit News has developed a WordPress plug-in to facilitate broader implementation by qualified publishers.

“An increasingly sceptical public wants to know the expertise, enterprise and ethics behind a news story. The Trust Indicators put tools into people’s hands, giving them the means to assess whether news comes from a credible source they can depend on,” Lehrman explained.

The eight core indicators are: Best Practices; Author Expertise; Type of Work; Citations and References; Methods; Locally Sourced; Diverse Voices and Actionable Feedback.

New organisations like the BBC and Hearst Television have collaborated in defining the “Trust Indicator” editorial and technical standards, and in developing the processes for implementing these.

“Quality journalism has never been more important,” said Richard Gingras, vice president of news products at Google.

“We hope to use the Type of Work indicator to improve the accuracy of article labels in Google News, and indicators such as Best Practices and Author Info in our Knowledge Panels.”

“The Trust Indicators will provide a new level of accessibility and insight into the news that people on Facebook see day in and day out,” said Alex Hardiman, Head of News Products at Facebook.

A growing number of news outlets are expected to display the indicators over the next six months, with a second phase of news partners beginning implementation work soon. (IANS)

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These 8 successful Muslim women are showcasing Freedom their way!

Though there are forsure many but here we present to you the some handful of success stories of Muslim women in modern world. Totally independant and unbounded, they have carved a niche for themselves in many fields through their creativity, talent and self - belief

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Muslim women
Bashing unfreedom-The new age Muslim woman.Pixeby

Not everyone is following rigid fundamentalism these days. In 2017, people and specially some inspiring Muslim women are embracing freedom and individuality through their inspirational work in global markets. Be it fashion, lifestyle,sports or politics- they are setting standards in every domain, breaking stereotypes all the way long!

Have a look at the success stories of these leading Muslim ladies and what they believe in.

SAUFEEYA GOODSON

Dubai based fashion entrepreneur Saufeeya is a global figure appearing in many fashion magazines. Being the co-owner of Modest Route, she has re- branded Modest fashion in a very stylised manner grabbing the attention of 2million followers on instagram page. She is frequently mentioned in Vogue or Teen Vogue under the trademark of her bold, daring and contemporary outfits made for modern age Muslim woman. This trendsetter with her avant garde style has been revolutionizing Islamic modest clothing in world.

CAROLYN WALKER-DIALLO

Carolyn hit the headlines when she was sworn in with the Quran back in 2015, becoming the first ever New York City Civil court judge to do so. She bravely stood up to the backlash that resulted later but her strong act inspired many Muslim women around the world. It somehow relieved them from communal stigmatization that they go through.

LINDA SARSOUR

Linda Sarsour- civil right's activist
Linda Sarsour- civil right’s activist.wikimedia.commons

 

Linda, a Palestinian- American civil rights activist, is popularly known for her key role in helping to organize the 2017 Women’s March in Washington.It was a public demonstartion led by women coming together from all walks of life. With her resolute, Linda instilled in a belief in thousands of women to fight for their vanity,esteem and rights.

BEHNAZ SHAFIEI

it is hard to imagine a female road racer/motocross rider and being a Muslim woman makes it a rare case, but Behnaz is exactly that. Born in Iran- a country where women are not allowed for exercising such liberties and are often ridiculed for their driving skills, Behnaz enjoys the fact that many men cannot do the stunts she performs with ease and confidence on her motorbike. She is the only Iranian female to be involved in road racing professionally challenging the preconceived notions of the society in regard to women.

RUMA

Known for her fashion blogs, Ruma recently got mentioned on the Twitter page of H&M where she was applauded for her distinctive panache that voice traditional modesty. According to her the haute hijab empowers feminine sensibility.Being a dreamer as well as achiever, she looks forward to inspire her followers with stories and lessons learned from her life by using social media to promote the art of fashion.

HALIMA ADEN

Halima is a model known for being the first Somali-American Muslim woman to take part in a beauty pageant donning a hijab.With all grace and modesty she hit news by reaching the semifinals of Minnesota USA pageant. She even graced the fashion runway for Kanye West at his show Yeezy season 5. Keeping at bay all Muslim stereotypes, this flamboyant model appeared on the front cover of Allure, wearing a Nike hijab with a caption saying, “This is American Beauty.” 

SHAHD BATAL

As a YouTuber and blogger, Shahd’s focus is mainly on providing viewers with her own original tips on how to attain healthy skin or apply makeup. Sudanese by birth but now living in Minneapolis, her tutorial videos are popularly hitting the internet since 2014. They were recently rehashed and showcased via her new sleek channel. From wearing a classic head-wrap and making pen perfect eyebrows, to her very personal stories with regard to the Hijab, she has been earnestly devoting herself to portray Hijab as a motif of modern age accessory.

 

SHARMEEN OBAID-CHINOY     

Muslim Women
SHARMEEN OBAID-CHINOY- Pakistani filmaker.wikimedia.commons

 Sharmeen has been mentioned by esteemed Time magazine as one of the 100 most influential people in the world. A Muslim woman filmmaker, journalist and activist born in Pakistan, most of her films highlight the inequalities that women face. She has received two Academy awards, six Emmy and Lux Style award for her bold vision. Even the Pakistani government has honored her with the second highest civilian honor of the country, the Hilal-i-Imtiaz for her dauntless contribution to films.

These handful examples of empowering, influential and compelling Muslim women express a great deal- to come out of the shackles of a society that restricts you and your creative energies.Not just to the Muslim women of today, they are inspirational for all women who seek for self – actualization.

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Google soon be adding Restaurant ‘Wait’ times feature on Search and Maps

Google will soon add wait times of the restaurants in Search and maps.

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Google will add Restaurant wait times on Search and Maps
Google will add Restaurant wait times on Search and Maps. Pixabay
  • Google is adding a new feature in Search and Maps.
  • It will show the waiting times for any restaurant.

Now it will much easier to find a place in your favorite restaurant with Google Map’s new feature

Tired of long queues at restaurants? Relax as Google is soon rolling out wait times on Search — followed by Maps — that will show you the estimated wait-time at your favorite eating hangouts. 

To see wait times for nearly a million sit-down restaurants around the world that allow walk-ins, just search for the restaurant, open the business listing, and scroll down to the “Popular Times” section.

“There, you’ll see the estimated wait time at that very moment. And by tapping on any of the hour bars, you’ll see the estimated wait for that time period,” Google said in a blog post. You can even scroll left and right to see a summary of each day’s wait times below the hour bars, so you can plan ahead to beat the crowds. Wait-time estimates are based on anonymised historical data, similar to how Google computes the previously launched ‘Popular Times’ and ‘Visit Duration’ features.

In the case of restaurants, Google will now include a pop-up box that appears when you click on a time frame in the popular times’ chart. The box shows the live or historical data labelled as “busy”, “usually busy”, “usually not busy”, etc., along with the wait time, TechCrunch reported.( IANS)