[xcoolaryan]

I do agree that fees are high for almost all programs of S P Jain ... even FMB program is very costly ...

But on a quality basis they score very high .. I spoke with few people who have done FMB from S P Jain ... & they speak very high about program... they say it is one of the best program in country ... people from Nepal etc come to attend such program ..

so i guess high fees are justifed

[Neo2000]

Originally Posted by xcoolaryan

I do agree that fees are high for almost all programs of S P Jain ... even FMB program is very costly ...
But on a quality basis they score very high .. I spoke with few people who have done FMB from S P Jain ... & they speak very high about program... they say it is one of the best program in country ... people from Nepal etc come to attend such program ..
so i guess high fees are justifed

The FMB program you refer to is the Family Business Program? That's a whole different ball game. I'm pretty sure most of the students coming in will be from fairly successful family businesses. So whatever the cost, i dont think they are going to have much trouble with it.

My entire issue here is "Why is there no option for Angel Investing?" Come on, you are SP Jain, You are doing an Entrepreneurship program and you want to tell me you cannot afford to overlook the 40k fees? I know people are going to say only when you put in the money will you be serious. That's bullshit!! If i'm to spend the next 17weekends at SPJain attending the course then i'm pretty damn serious!

If not everybody, how about on a Need-For basis? If i'm willing to give up some part of my company, isnt that committment enough? From their point of view, its not necessary that all companies will make a profit. Fair enough. But if they arent picking profitable companies more often than they are picking the ones going bust, something's very wrong somewhere.

[deepu]

hmm long time... back here because of curiosity..

did we discuss the legal aspects here ? like suppose one starts a website and it becomes popular.. what are the legal obligations that the person needs to fulfill.. etc.etc.


Cheers,
Deepu.

[Neo2000]

Originally Posted by deepu

like suppose one starts a website and it becomes popular.. what are the legal obligations that the person needs to fulfill.. etc.etc.

No:1 : Make sure you arent sue-able

[xcoolaryan]

My entire issue here is "Why is there no option for Angel Investing?" Come on, you are SP Jain, You are doing an Entrepreneurship program and you want to tell me you cannot afford to overlook the 40k fees?

From their point of view, its not necessary that all companies will make a profit. Fair enough. But if they arent picking profitable companies more often than they are picking the ones going bust, something's very wrong somewhere.

College is interested in interested in teaching you ... they are not interested in becoming VC ... there's noting wrong if college is not ready to accept partnership proposal & about fees, one can can view it as investment that will reap benefit over longer period

lets take ex of franchise business... here franchise pay specific joining amount ( which can very from 10k to 10 lk) ... now in this case franchise don't complain about amount ... even when they can argue with the same logic as yours ... as franchise fees for joining any franchise

If not everybody, how about on a Need-For basis? If i'm willing to give up some part of my company, isnt that committment enough?

I am hope, I have made my point pretty clear

[Neo2000]

Originally Posted by xcoolaryan

College is interested in interested in teaching you ... they are not interested in becoming VC ... there's noting wrong if college is not ready to accept partnership proposal & about fees, one can can view it as investment that will reap benefit over longer period

You not an SPJain fan/related in anyway no??

Does the college only want to teach and have no hands-on experience? Is the college only utilizing its brand name to pull in people?

Originally Posted by xcoolaryan

lets take ex of franchise business... here franchise pay specific joining amount ( which can very from 10k to 10 lk) ... now in this case franchise don't complain about amount ... even when they can argue with the same logic as yours ... as franchise fees for joining any franchise

True but the franchisee amount is for utilising an already established brand-name. That's a head-start on marketing. Not to mention the brand-owner is taking a risk that the franchisee can mess up the brand name in the city. No amount of money can compensate for that.

[xcoolaryan]

You not an SPJain fan/related in anyway no??

Not at all ....

franchisee amount is for utilising an already established brand-name.

Student can also use brand name of S P Jain ... Banks or even VCs will be impressed in they know the applicant has completed a course from S P Jain (here student take benefit of goodwill or brand name of college) ... it makes bit easier for him to get loans or funding

[deepu]

Originally Posted by xcoolaryan

Not at all ....



Student can also use brand name of S P Jain ... Banks or even VCs will be impressed in they know the applicant has completed a course from S P Jain (here student take benefit of goodwill or brand name of college) ... it makes bit easier for him to get loans or funding

i doubt this. see the fact that you did such a course at spjain indicates to the banks and VCs that you are very enthu and serious about it. But that's a minor point in a big list of things you need to do to impress VCs(we can discuss this topic also ). there are lots of people who convey to the VCs that they are enthu and serious by quitting their high-paying jobs, starting out on a small scale etc.

if this program has a reputation of picking up people who are brilliant at scaling up a start-up then may it will help you get funding easily... but i don't think this program has that reputation(may be after few years if alumni does well).

anyways does this program has tie-up with any major vcs? any industry affliations ????

[xcoolaryan]

anyways does this program has tie-up with any major vcs? any industry affliations ????

No idea .. I came to know about this one couple of days back ...

But that's a minor point in a big list of things you need to do to impress VCs(we can discuss this topic also ). there are lots of people who convey to the VCs that they are enthu and serious by quitting their high-paying jobs, starting out on a small scale etc.

I know :-)

[fire_kris]

Guys, dont mind just breaking away from the topic, but i really get tired of hearing the term VC... Can you tell me how many projects in India are currently financed by them. I dont think more than .1%... I still think the best way to start a project ( and the way it happens in the indian market is ):

• Shell from your own pocket
• Ask from local money lender ( might have to give a security )
• Get it from the bank ( jugaad baazi might be required, but nowadays even barclays and deutsche our given loans without security, but u need to show a nice ITR return, so that ruins it for an entrepreneurs )

For entrepreneurs trying to find money, there is a good concept run by several banks like barclays, deutsche, ICICI, etc. they can check that out.

I dont know but VC might be a cliche term but it is highly improbable.

Also figure this out:

Also I read somewhere that Citibank lost billion of dollars in the last quater. I think this stockmarket crash of above 2000 points on 22nd Jan provides good oppurtunity to bigwigs to cash in as some of the share prices are rock bottom.

e.g. DLF 1340 comes down to 700
Deccan or SpiceJet ( dont remember ) comes down from 95 to 46.

and they pepped up after FM statement. I dont know but I smell fishy the way our volatile Indian stock market behaves.... People might have earned double the money if they would have bought the shares when the stock market crashed ( although they are not available easily, but to bigwigs there are )...

Looking forward to your comments...

Ciao...
Kris