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Life in the Fast Lane Vellore Institute of Technology September 6, 2008

Life in the Fast Lane Vellore Institute of Technology September 6, 2008. Vishnu Priya Consultant, NEN. Shalin Mantri Manager, NEN Startup Jobs. What’s this talk about?. Introducing you to NEN Rethinking your future Learning about startups. Part 1: Introducing You to NEN. Part 2:

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Life in the Fast Lane Vellore Institute of Technology September 6, 2008

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  1. Life in the Fast LaneVellore Institute of TechnologySeptember 6, 2008 Vishnu Priya Consultant, NEN Shalin Mantri Manager, NEN Startup Jobs

  2. What’s this talk about? • Introducing you to NEN • Rethinking your future • Learning about startups

  3. Part 1: Introducing You to NEN

  4. Part 2: Rethinking Your Future

  5. Your Career • Who do you want to be in 10 years? 5 years? 2 years? • How are you going to get there? • What if you fail along the way? How will you feel and react? • How will you position yourself to survive and thrive in the Flat World?

  6. Your Occupation • What are your priorities after you graduate? • What jobs will satisfy these priorities and help you reach your career goals?

  7. Scenario 1 • You’ve just won the lottery. Your winnings can be distributed in two ways: • Actual 2 crores every year for the next 50 years or • Expected 3 crores every year for the next 50 years • Which winnings distribution would you choose?

  8. Scenario 2 • You have job offers from 2 companies, X and Y • Which offer would you accept? Brand Name X Y Job Variety

  9. Scenario 3 • You realize that something’s not being done right at your workplace. • Ex: Inefficient or broken process • How do you react? • Inform your superiors or • Discuss with peers, gather consensus, propose a solution, and implement the solution

  10. Scenario 4 • You can choose between two jobs that directly impact the bottom line: • Finance job that involves identifying and eliminating unnecessary expenses • Biz dev job that requires discovering new ways for the company to make money • Which job would you choose?

  11. What’s Your Career Profile? Predictable income stream High reward, high risk Brand name company Job variety Reactive problem solver Proactive solution builder Bounded job profile Adaptive opportunity seeker Entrepreneurship Job-for-life Startup Job

  12. Part 3: Let’s Talk Startups “How many of you want to be the 76,432nd employee of a company? How many of you wish you had joined Infosys in 1981?” • Sanjay Anandaram, Partner JumpStartUp • Talk with students at IIIT-Bangalore

  13. Definition of Startup • High growth, high potential • Founder-driven team • Between 5 to 150 people • Up to Series A or B in VC funding

  14. HR Finance Engineering Product Management Marketing Sales Biz Dev Support Professional Services Operations Org Structure Which of the above functions is most important for a startup?

  15. The Office

  16. Ownership • ESOPs: Employee Stock Ownership Plans • Prevalence of ESOPs in Indian startup community not as high as in Silicon Valley. Why? • The times are changing…

  17. Kaun Banega Crorepati? WPP’s acquisition of Quasar in Nov ‘07 OnMobile’s IPO in Jan ‘08 Gopikaa Davar (age 26) joined Quasar in June 2002. Now an associate director, she made approx. 1 crore from the acquisition. Source: VentureWoods (tinyurl.com/58bk99) Source: VentureWoods (tinyurl.com/6j3ur9)

  18. Part 4:Startup Jobs

  19. 5 Criteria for Evaluating Startups • Team, team, team! • Market opportunity • Differentiation (“unfair advantage”) • Business model • Cash flow and exit options Source: Sanjay Anandaram, Partner at JumpStartUp

  20. Questions to Ask the CEO • About the organization • What inspired you to start the company? • How would you describe the company’s management style? • How will industry trends affect this company within the next 3-5 years? • How is an employee’s success defined and measured? • What do you see as your company’s strengths and weaknesses?

  21. Questions to Ask the CEO • About the position • Can you describe recent projects on which a person in my position has worked? • What is the common career path for people entering the organization in this position? • How are people trained or brought up to speed with regard to their responsibilities? • What type of person tends to be successful in this position? What type of person are you looking for? • How and when is performance evaluated?

  22. Don’ts of Getting a Startup Job • Don’t… • Be typical, especially with your resume. • Ask for a job. Be specific about what you want and your desired job profile. • Say “I want a job before going to Reliance.” • Join a startup if you cannot explain or market the value of your experience.

  23. How Startups Evaluate You • Domain experience • Communication • Oral • Written • Fit • What are your career aspirations? • What are your motivations for joining a startup? • Why do you want to join my company? • What are your expectations about compensation? • Attitude • Passion for excellence • Ability to take initiative in face of ambiguity • Multi-tasking abilities • Team player • Desire to learn and grow

  24. Part 5:Résumé Writing Tips

  25. General Advice • Demonstrate action-oriented attitude, especially in your language! • “Did market sizing” vs. • “Researched, wrote, and presented a market sizing model to management team” • Write down your top 4 strengths or traits. Make sure each line on your resume highlights one of those strengths/traits.

  26. Objective Statement • Don’t include it unless it’s specific • Examples of what not to write: • “Objective: Get good position in a company wherever I work” • “Seeking to establish telecomm firm and become an idle in the business World.”

  27. Education and Marks • Include coursework of relevance • Don’t include your marks or standardized test scores… unless requested or unless they’re really good

  28. Experience • Full-time or internship experiences • Talk about… • What you did • What you learned • What you accomplished

  29. Activities • Don’t discount these! They are important, especially if you don’t have work ex • Include extracurricular activities, including campus clubs or off-campus activities • Bad: “Member of E Cell” • Better: “Learned about idea generation, venture formation, and startups as member of E Cell”

  30. Concluding Your Resume • Skills, Interests, Hobbies • Bad: “Watching movies like Guru, Troy, Corporate, The patriot” • Personal Profile, References • Include in your CV, but not in your resume • Avoid extraneous information, like blood type • Final Statement • Bad: “I here by declare that the above given information are true to my heart.”

  31. Parting Thoughts

  32. I ask you… What’s the safer route in any given situation: doing what’s been done before, or trying something new that may be better, but has a risk of failing?

  33. Homework • Write down in your journal, scrap of paper, or your blog: Where do I see myself in 5 years, and how am I going to get there? • Watch Steve Jobs’ commencement speech • http://tinyurl.com/4LXNFH • Visit TATA NEN Hottest Startups • www.hotteststartups.in • If you’re interested in a startup job, contact me

  34. Thank You

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