There are few debates in the startup world more polarizing than whether aspiring entrepreneurs should pursue higher education like a college degree or MBA. advertisement advertisement Peter Thiel, the first investor in Facebook, offers $100,000 each to 20 students every year to drop out of college, or skip it all together. On the other hand Paul Graham, cofounder of Y Combinator, believes trying to start a company before graduating college is generally an awful idea with lifelong ramifications. And while Elon Musk has famously expressed his disdain for MBAs, stating, “As much as possible, avoid hiring MBAs. MBA programs don’t teach people how to create companies,” plenty of business leaders in the startup world tout their MBAs as instrumental to their success. Representing both ends of the higher-ed spectrum are two cofounders of TheTake app–CTO Jared Browarnik left Columbia University before completing his undergraduate studies to cofound TheTake, … [Read more...] about The Case For And Against College According To Two Cofounders
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Banking wrap: RBI maintains status quo, lenders await SEBI’s decision in Karvy case after SAT order
In a surprise move, the Reserve Bank of India (RBI) left policy rates unchanged after the Monetary Policy Committee (MPC) raised concerns on higher inflation but continued with accommodative stance for future easing.While there is room for rate reduction going ahead, RBI Governor Shaktikanta Das said that the cuts need to be timed well for better impact.Meanwhile, the Securities Appellate Tribunal (SAT) asked market regulator SEBI to hear lenders’ concerns and deliver its decision on reversal of pledged shares to Karvy Stock Broking’s clients by December 12.Explained | How Karvy went from broking to brokeWhile lenders are facing chances of huge write-offs due to fraudulent activities of Karvy, it also likely that they skipped a few check-boxes themselves while lending against third party shares.Also, norms for brokers and banks laid down by their respective regulators do not seem to be on the same page.RBI keeps rates unchanged, FY20 growth forecast cut to 5% from 6.1%The … [Read more...] about Banking wrap: RBI maintains status quo, lenders await SEBI’s decision in Karvy case after SAT order
Viewpoint | Is life cover of Rs 1 crore enough?
Most of us have seen banners, hoardings, advertisements in newspapers, television and the internet saying, 'Secure your family’s future with Rs 1 crore life cover at just Rs x per month'.Well, it does sound like a great opportunity to get life cover at nominal prices. But is Rs 1 crore life cover sufficient?Coming across such term insurance ads promoting the magical number of Rs 1 crore, we may think that it is wonderful. A large financial cover that takes care of the family at such a nominal amount, the premium amount turns out to be what we normally spend on tea/coffee every month, does seem exciting.Close However, before you buy that Rs 1 crore life cover, stop and consider this: Is a cover of Rs 1 crore really enough for me?Mahavir ChopraHead - Health & Accident Life Insurance|coverfox.com IRDAI’s circular: The regulator steps in to ensure enhanced health insurance coverageBolster your term insurance cover with ridersCan NRIs purchase life insurance in India?On … [Read more...] about Viewpoint | Is life cover of Rs 1 crore enough?
