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<title>Haaze.com / gloriacooperth / All</title>
<link>http://www.haaze.com</link>
<description>Test Web 2.0 Content Management System</description>
<pubDate>Fri, 04 Feb 2011 08:10:27 +0000</pubDate>
<language>en</language>
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<title><![CDATA[Report: Hackers penetrated Nasdaq computers]]></title>
<link>http://www.haaze.com/story.php?title=report-hackers-penetrated-nasdaq-computers</link>
<comments>http://www.haaze.com/story.php?title=report-hackers-penetrated-nasdaq-computers</comments>
<pubDate>Fri, 04 Feb 2011 08:10:27 +0000</pubDate>
<dc:creator>gloriacooperth</dc:creator>
<category>Technology</category>
<guid>http://www.haaze.com/story.php?title=report-hackers-penetrated-nasdaq-computers</guid>
<description><![CDATA[Federal authorities are investigating repeated intrusions into the computer network that runs the Nasdaq stock exchange, according to a Wall Street Journal report that cited people familiar with the matter.The intrusions did not compromise the tech-heavy exchange's trading platform, which executes investors' trades, but it was unknown which other sections of the network were accessed, according to the report.&quot;So far, [the perpetrators] appear to have just been looking around,&quot; one person involved in the Nasdaq matter told the Journal. The Secret Service reportedly initiated an investigation involving New York-based Nasdaq OMX Group last year, and the Federal Bureau of Investigations has launched a probe as well. Investigators are considering a range of motives for the breach, including national security threat, personal financial gain, and theft of trade secrets, the newspaper reported.Nasdaq representatives could not be reached for comment. Investigators have not been able to follow the intruders' path to any specific individual or country, but people familiar with the matter say some evidence points to Russia, according to the report. However, they caution that hackers may just be using Russia as a conduit for their activities.In 1999, a hacker group called &quot;United Loan Gunmen&quot; defaced Nasdaq's public Web site with a story headlined &quot;United Loan Gunmen take control of Nasdaq stock market.&quot; The vandalism was quickly erased, and Nasdaq officials said at the time that the exchange's internal network was unaffected.<br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[Google documents VP8 at standards group IETF]]></title>
<link>http://www.haaze.com/story.php?title=google-documents-vp8-at-standards-group-ietf</link>
<comments>http://www.haaze.com/story.php?title=google-documents-vp8-at-standards-group-ietf</comments>
<pubDate>Fri, 21 Jan 2011 08:10:15 +0000</pubDate>
<dc:creator>gloriacooperth</dc:creator>
<category>Mobile &amp; Electronics</category>
<guid>http://www.haaze.com/story.php?title=google-documents-vp8-at-standards-group-ietf</guid>
<description><![CDATA[The VP8 encoding technology at the heart of Google's effort to spread royalty-free video across the computing industry now has a home at the Internet Engineering Task Force--but not so Google can standardize it.VP8 is a Google codec used to convert video into a more compact form for tasks such as streaming across the Internet, broadcast over the airwaves, or storage on a camera. VP8 and the Vorbis audio codec are the basis for WebM, an open-source and royalty-free technology that Google hopes will lower barriers for using video on the Net and elsewhere. Although WebM's open-source, royalty-free nature eases adoption, so far it isn't a standard--something that could ease adoption further. Standards can let multiple companies influence a technology and can provide assurances that its features are stable enough to rely on.Google representatives published the &quot;VP8 Data Format and Decoding Guide&quot; at the IETF earlier this month, but that doesn't signal standardization, the company said in a statement. The document details the VP8 bitstream--the actual sequence of bytes into which video is encoded.&quot;We submitted the VP8 bitstream reference as an IETF Independent RFC [request for comments] to create a canonical public reference for the document,&quot; Google said. &quot;This is independent from a standards track.&quot;The IETF document could help allay one concern VP8 critics have raised: that VP8 is defined not by documentation of the bitstream but rather by the source code of the software Google released to implement VP8. But the IETF document still plays a subordinate role to that source code.&quot;If there are any conflicts between this document and the reference source code, the reference source code should be considered correct. The bitstream is defined by the reference source code and not this document,&quot; the IETF document said.The document, though not a standard and not canonical, does indicate that Google is working to make VP8 and WebM something broader than an in-house Google project and something more approachable than thousands of lines of programming source code.Google didn't comment on whether it plans to standardize VP8. But it's not hard to imagine it doing so, at least after it's had more time to marshal allies that could contribute politically and technologically. Candidates for such an alliance that spring to mind include Adobe Systems, which has pledged to include VP8 in its Flash Player, and Mozilla, which has built WebM support into itsFirefox browser.VP8 was developed by On2 Technologies, which Google acquired for about $123 million in early 2010. VP8's chief rival, H.264, is much more widely used in the industry, including Blu-ray players, editing software, smartphone decoding chips, video cameras, Apple'sSafari browser, and Microsoft's upcoming IE9 browser. Using H.264 in a product requires licensing a pool of patents from a group called MPEG LA, (though free video streamed over the Internet with H.264 requires no royalty payments). Google wants a codec with no patent barriers.  MPEG LA cast a shadow over VP8 last year by publicly questioning VP8's patent pedigree and raising the prospect that those using VP8 might need to license patents from parties besides Google. &quot;We assume virtually all codecs are based on patented technology,&quot; MPEG LA Chief Executive Larry Horn said in a May 2010 interview.There are some signs VP8 sidesteps at least some patent concerns, said Barry Negrin, an intellectual property attorney at Pryor Cashman who previously worked on some On2 patent applications for two VP8 predecessors, VP6 and VP7. Specifically, some &quot;sub-optimal&quot; approaches used in VP8 &quot;may have been intentional work-arounds to avoid patent claims,&quot; Negrin said. In addition, he's not aware of any MPEG LA suits against On2 Technologies for VP6 and VP7, which could work in Google's favor if a suit emerged.But even though months have passed with no elaboration on MPEG LA's initial statements about VP8, there's no assurance yet that those implementing VP8 have nothing to worry about.&quot;It's definitely too soon to tell,&quot; he said, adding that the statute of limitations on patent infringement is six years in the United States. &quot;Given the complexity of the VP8 code and the sheer number of patent claims that need to be reviewed by MPEG LA, it could be a couple of years before they themselves have sufficient certainty to mount litigation.Controversially, Google announced it will remove H.264 support from its Chrome browser for playing HTML video, meaning that the browser will come only with built-in video support for VP8 and an earlier cousin called Theora. That announcement last week caused a backlash, in part because some feared it would hamper the arrival of HTML's nascent built-in video support.But in practice, with Firefox and Opera supporting WebM and Safari and IE9 supporting H.264, built-in video in HTML already was suffering from a significant codec problem. An unrepentant Google defended the move, suggesting it's unlikely to reverse course.<br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[Android Market saw greatest surge in 2010]]></title>
<link>http://www.haaze.com/story.php?title=android-market-saw-greatest-surge-in-2010</link>
<comments>http://www.haaze.com/story.php?title=android-market-saw-greatest-surge-in-2010</comments>
<pubDate>Tue, 11 Jan 2011 08:10:42 +0000</pubDate>
<dc:creator>gloriacooperth</dc:creator>
<category>Marketing and advertising</category>
<guid>http://www.haaze.com/story.php?title=android-market-saw-greatest-surge-in-2010</guid>
<description><![CDATA[Apple's App Store remains the mobile-app marketplace king with the largest number of titles, but Android Market saw the highest growth last year, surging by more than 500 percent, according to a report released yesterday by Distimo.Tracking the growth of the major mobile-app stores for the U.S., the 2010 Distimo Report found that the Apple App Store grew the most in terms of sheer numbers, doubling its selection of titles to almost 300,000. In second place, the Android Market currently offers fewer than 130,000 apps. But Android apps enjoyed the biggest percentage gain for the year, growing by 544 percent.The BlackBerry App World also showed nice gains in the number of apps, rising by 268 percent to reach almost 18,000 apps, while Nokia's Ovi Store grew by 258 percent to offer around 25,000 titles, according to Distimo.(Credit:Distimo)Free apps were more prevalent than paid ones, the by-product of developers seeking ways to make money beyond charging for their programs. Each of the four top app stores saw higher growth in free apps alone than for their entire stock. As one example, the number of free titles in Nokia's Ovi Store jumped by 899 percent for the year.Which apps were among the most widespread in 2010 Distimo's findings revealed a couple of surprises.Though theiPhone has traditionally been targeted toward the average smartphone consumer, business-oriented apps were prominent in Apple's App Store, a sign that more people are adopting the device as a productivity tool, according to Distimo.On the flip side, Research In Motion's BlackBerry has been considered more of an enterprise tool, but BlackBerry App World trended toward e-books, music, and other entertainment titles. Google's Android Market and Nokia's Ovi Store tended to show a more balanced range of product categories.Looking at specific apps, Facebook, Skype, Google, and Twitter were among the 10 most popular free apps in Apple's iPhone App Store in terms of downloads. Excluding games, Google Maps, Facebook, Gmail, and Twitter were top free titles at Android Market. And BlackBerry Messenger, Pandora, and Facebook were in the top 10 rankings at BlackBerry App World.Based in the Netherlands, Distimo provides analytics for mobile-app stores.<br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[China cuts rare earth export quotas]]></title>
<link>http://www.haaze.com/story.php?title=china-cuts-rare-earth-export-quotas</link>
<comments>http://www.haaze.com/story.php?title=china-cuts-rare-earth-export-quotas</comments>
<pubDate>Tue, 28 Dec 2010 08:10:16 +0000</pubDate>
<dc:creator>gloriacooperth</dc:creator>
<category>Eco</category>
<guid>http://www.haaze.com/story.php?title=china-cuts-rare-earth-export-quotas</guid>
<description><![CDATA[China cut its first batch of rare earth export quotas for next year by more than one-tenth, in the face of a threat by the United States to complain to the World Trade Organization over the export limits.China's Commerce Ministry allotted 14,446 metric tons of quotas to 31 companies, which was 11.4 percent less than the 16,304 metric tons it allocated to 22 companies in the first batch of 2010 quotas a year ago.The ministry said in a short statement that it had added more producer companies to the quota list, but has cut volumes allocated to trading companies for the metals, which are used in high-tech goods.The export quotas were based on export volumes from the beginning of 2008 to October 2010, it added, without giving details.China produces about 97 percent of rare earth elements, which are used worldwide in high tech, clean energy and other products that exploit their special properties for magnetism, luminescence, and strength.The decision to cut export quotas and raise tariffs has inflamed trade ties with the United States, European Union, and Japan in particular.Last week, the U.S. Trade Representative office said China had refused U.S. requests to end export restraints on rare earths that have alarmed trade partners. The U.S. representative and that Washington could complain to the WTO, which judges international trade disputes.China's Commerce Ministry has yet to respond to that threat.Foreign Ministry spokeswoman Jiang Yu declined to comment today when asked about it at a regular news briefing, referring the question to &quot;relevant departments.&quot; She did not elaborate.The issue will add to already strained Sino-U.S. ties, which have been battered this year by arguments over everything from Tibet and Taiwan to the value of the Chinese currency. Chinese President Hu Jintao visits the United States next month.Japan has been hard hit by the export curbs. Japanese imports of rare earths shrank further in November, reflecting the impact from China's de facto ban on shipments of the minerals which was lifted late last month.Japanese companies had complained of restrictions on shipments of the metals, vital for making auto parts and high-tech products, by Chinese customs officials following a spat over disputed islands in the East China Sea which led to a de facto suspension by Beijing on exports from late September.China is still exporting small volumes of rare earth to Japan. Analysts have suggested the de facto ban was probably because of differences in the way rare earths are categorized by each country, as well as a dribble of imports that had previously been delayed.The European Union has also expressed concern at China's limiting of rare earths' exports, though the bloc's trade commissioner said earlier this month China had reiterated that rare earth supplies would be sustained.China says its curbs are for environmental reasons and to guarantee supplies to domestic industrial consumers, but it has also insisted its dominance as a producer should give it more control over global prices.Beijing has been trying hard to impose discipline on its chaotic rare earth sector and is expected to establish a rare earth industry association by May next year, said Wang Caifeng, an official with the Ministry of Industry and Information Technology, speaking at a conference today.Story Copyright (c) 2010 Reuters Limited. All rights reserved.<br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[More Black Friday laptop deals: Apple MacBook Edition]]></title>
<link>http://www.haaze.com/story.php?title=more-black-friday-laptop-deals-apple-macbook-edition</link>
<comments>http://www.haaze.com/story.php?title=more-black-friday-laptop-deals-apple-macbook-edition</comments>
<pubDate>Thu, 25 Nov 2010 08:10:10 +0000</pubDate>
<dc:creator>gloriacooperth</dc:creator>
<category>Technology</category>
<guid>http://www.haaze.com/story.php?title=more-black-friday-laptop-deals-apple-macbook-edition</guid>
<description><![CDATA[(Credit:Apple) In the days leading up to Black Friday, we've spotted a few more notable laptop sales, particularly on Apple's MacBook laptops -- which are top of many wish lists. This is especially notable, as MacBooks (and indeed, most Apple products) are rarely offered at any discount from Apple's list price. These deals come from Apple re-sellers, who are likely eating the cost of the discount to get shoppers into their (virtual) stores, in the hopes of loading them up with accessories and extras. More Black Friday laptop deals: Apple MacBook Edition Click through the slideshow above for some of the lowest MacBook prices we've seen this year, and also check out our original 2010 Black Friday laptop deals collection, with systems as low as $89. Apple is also touting its own Black Friday sale, but as it does every year, the details won't be available until the sale goes live on Friday. Based on the discounts spotted at Apple's Australian website (the first timezone to cross into Friday), look for 8-to-10-percent discounts on most items, including hardware.Black Friday laptop deals (photos) <br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[Study: Younger generation leading Web TV growth]]></title>
<link>http://www.haaze.com/story.php?title=study-younger-generation-leading-web-tv-growth</link>
<comments>http://www.haaze.com/story.php?title=study-younger-generation-leading-web-tv-growth</comments>
<pubDate>Tue, 16 Nov 2010 08:10:06 +0000</pubDate>
<dc:creator>gloriacooperth</dc:creator>
<category>Mobile &amp; Electronics</category>
<guid>http://www.haaze.com/story.php?title=study-younger-generation-leading-web-tv-growth</guid>
<description><![CDATA[More and more people are watching content online and on mobile devices.(Credit:Apple)Broadband users are increasingly turning to the Internet and mobile devices to watch their favorite television shows, a study released today by Horowitz Associates claims.According to the research firm, 39 percent of all broadband users watch television on the Web or via their mobile devices, up from 34 percent of respondents who said they did so in 2009. Even more surprising, 25 percent of broadband users watch television content &quot;daily [or] almost daily.&quot; That figure is even higher among 18- to 34-year-olds, with 37 percent of people in that group watching television online every day or nearly every day. About 44 percent of those between the ages of 15 and 17 years old watch television on alternative devices almost every day.Even though people are seeking shows in alternative places, overall viewership away from the TV set remains low. Horowitz Associates said that just 3 percent ofusers' total show viewership is done online or with a mobile device. The rest of their viewing is done on their TVs.However, that figure could change drastically in the coming year. The researchers found that 7 percent of people between the ages of 18 and 34 are &quot;considering canceling their TV service.&quot; If more of their favorite shows become available online, an additional 19 percent of folks in that group said that they would consider canceling their service.But cable providers might have the trump card. Just yesterday, Comcast announced an iPad and iPhone app that allows users to browse TV listings and set their DVRs from the device. In December, it will add the ability for subscribers to watch shows from the app. Time Warner Cable unveiled an iPad prototype app earlier this year that could eventually fulfill the company's vision of letting people watch shows while away from home on Apple's tablet, and continue watching it on their television sets when they get home.Horowitz Associates surveyed 800 adult broadband users for its study.<br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[19 Year Old Kiip Founder Closes 300K Angel Round For Mobile In-Game Ad&nbsp'Startup]]></title>
<link>http://www.haaze.com/story.php?title=19-year-old-kiip-founder-closes-300k-angel-round-for-mobile-in-game-adnbspstartup</link>
<comments>http://www.haaze.com/story.php?title=19-year-old-kiip-founder-closes-300k-angel-round-for-mobile-in-game-adnbspstartup</comments>
<pubDate>Mon, 30 Nov -001 00:00:00 +0000</pubDate>
<dc:creator>gloriacooperth</dc:creator>
<category>Latest News</category>
<guid>http://www.haaze.com/story.php?title=19-year-old-kiip-founder-closes-300k-angel-round-for-mobile-in-game-adnbspstartup</guid>
<description><![CDATA[We&amp;'ve learned that former Digger and teen entrepreneur Brian Wong has just wrapped up a $300K angel round for his mobile gaming ad startup Kiip. You first read about Wong when our own Mike Arrington wrote about the 19 year old being the youngest founder to ever receive venture investment. Now Wong has racked up a laundry list of investors from big brands including True Ventures, SimpleGeo CTO Joe Stump (in his first angel investment), CMO Rohan Oza of Vitamin Water, PopChips CEO Keith Belling, Doug Chertok and Paige Craig in a round of funding conspicuously bereft of the usual Super Angel suspects.Along with the financing, Wong is announcing that Kiip is bringing on former Digger Courtney Guertin as co-founder and CTO and Amadeus Demarzi as co-founder and design director.a4sWong plans on using the newfound cash for further hiring and distribution partnerships and Kiip will be rolling out in alpha in the coming months, with a public launch date in January.Wong says that Kiip (prounounced &amp;''Keep&amp;'' as in &amp;''Keep me&amp;'') will attempt to move &amp;''beyond the banner ad&amp;'' and leverage in game elements without compromising game play' &amp;''We&amp;'re doing the first catered ad product for the mobile games space, beyond the virtual goods and virtual currency folks [who are] potentially our main competitors.&amp;''It looks like Kiip might be stiff competition. The startup, still in stealth, has already wrangled five game publisher partnerships (Wong would not disclose which ones) and currently boasts an audience of over 2 million active users monthly.CrunchBase InformationKiipInformation provided by CrunchBase<br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[Self-serve machine mixes custom milkshakes to order - Springwise]]></title>
<link>http://www.haaze.com/story.php?title=self-serve-machine-mixes-custom-milkshakes-to-order---springwise</link>
<comments>http://www.haaze.com/story.php?title=self-serve-machine-mixes-custom-milkshakes-to-order---springwise</comments>
<pubDate>Mon, 30 Nov -001 00:00:00 +0000</pubDate>
<dc:creator>gloriacooperth</dc:creator>
<category>Food</category>
<guid>http://www.haaze.com/story.php?title=self-serve-machine-mixes-custom-milkshakes-to-order---springwise</guid>
<description><![CDATA[It''s been more than four years since we covered MooBella''s made-to-order ice cream vending machines, but it seems safe to say that consumers'' love for custom frozen confections hasn''t diminished in the meantime. Enter F''real, a California-based innovator of self-serve blending machines that make custom milkshakes, smoothies and frozen cappuccinos to order on the spot.Targeting food and convenience retailers throughout North America, the F''real Blender machine features a full-size LCD touch screen that lets consumers tailor their frozen drink to suit their tastes exactly. They begin by selecting a cup that''s prepackaged and frozen with most of the ingredients their drink will need. Ingredients are assembled and frozen at the dairy, with no syrups or canisters needed' cups are then labeled by flavour and stored in an accompanying freezer nearby. After peeling off the cup''s lid, consumers then place the cup in the machine''s holder and select whether they''d like their drink extra thick, regular or less thick. From there, the blender mixes and shakes up a drink to the consumer''s exact specifications. Perhaps best of all from the retailer''s perspective is that the F''real Blender power-cleans itself after each use.Frozen confections are appealing enough in their own right, but the addition of a self-serve, interactive element and a splash of customization make F''real''s concept a very appealing one. Retailers around the globe: better get in line now! '-) (Related: Unilever launches world''s first smile-activated ice cream vending machine a4&quot; Butcher shop installs vending machine for service 24/7 a4&quot; Samsung and Coke launch touch-screen machine for interactive vending.)Website: www.freal.comContact: realpeople@freal.comSpotted by: Sandy Avvari <br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[The Future of Indian&nbsp'Technology]]></title>
<link>http://www.haaze.com/story.php?title=the-future-of-indiannbsptechnology</link>
<comments>http://www.haaze.com/story.php?title=the-future-of-indiannbsptechnology</comments>
<pubDate>Mon, 30 Nov -001 00:00:00 +0000</pubDate>
<dc:creator>gloriacooperth</dc:creator>
<category>Latest News</category>
<guid>http://www.haaze.com/story.php?title=the-future-of-indiannbsptechnology</guid>
<description><![CDATA[The Indian technology industry got its start running call centers and doing low-level IT work for western firms. Then, in the 2000s, it started taking on higher-level IT tasks, offering management consulting services, and performing sophisticated R&amp;amp'D. Now there is another transition happening, one far more significant: a transition to development of innovative technology products.a4s Instead of providing IT services as the big outsourcing companies do, a new breed of startups is developing high-value products based on intellectual property. The Indian industry group NASSCOM estimates that in 2008, the countrya4a4s software product revenues totaled $1.64 billion. It forecasts that this will grow to $11 billion per year by 2015.I attended the NASSCOM Product Enclave in Bangalore, this week, and gave several talks to the 1000+ entrepreneurs in attendance. I was surprised at the changes that are powering the new transition: its tech workers are leaving high-paying jobs in IT services, and kids out of school are ignoring social taboos against failure and defying marriage customs to become entrepreneurs.a4s A few Americans are also joining the fray, starting their ventures in India rather than in Silicon Valley. Though in China, returnees from the U.S. are fuelling the entrepreneurship boom, they arena4a4t as important in India. Sadly for my Indian friends in Silicon Valley who are looking to return home, returneesa4&quot;formerly in high demand and treated like rock starsa4&quot;are out of vogue and now treated like rocks.Why are highly paid workers in an industry that does lucrative contract work for multinationals jumping ship Ita4a4s the same dynamic as you observe in the United States. a4sEntrepreneurs start their companies when they are, on average, 39 years of age. They have 10 to 15 years of work experience and ideas for products that solve real customer problems' they get tired of working for jerk bosses' and they want to build wealth before they retire.a4s So they defy their fear of failure and take the plunge into entrepreneurship.Indiaa4a4s outsourcing industry is about 20 years old and has hundreds of thousands of workers with 10 to 15 years of experience and ideas for innovative products.At the NASSCOM event, I met dozens of tech-service industry workers who had become entrepreneurs. A surprisingly high proportion werena4a4t developing products for their former customers, but were instead looking inward to solve Indiaa4a4s problems. The one who impressed me the most was K. Chandrasekhar, of Forus Health.Chandrasekhar learned that that the vast majority of the 12 million people in India who are blind could have maintained their sight if only their problems had been diagnosed and treated on time. The diagnostic equipment for a single hospital cost at least US$60,000a4&quot;which put it out of the reach of most regional clinicsa4&quot;and required ophthalmologists to perform the diagnosis. Chandrasekhar and Forus cofounder Shyam Vasudev decided to leave their jobs as senior executives at NXP Semiconductor (an offshoot of Philips) to create an affordable, all-in-one intelligent pre-screening device that is non-invasive and can be used by minimally trained technicians in rural India. The device provides an indicative report in 10 minutes for five major eye-related problems, including diabetic retina. This frees the doctor up to treat patients rather than administer tests. The product costs less than $15,000, and Forus expects the price to drop to half that in volume production.Another impressive entrepreneur at the NASSCOM event was Vishal Gondal. a4sIn youth entrepreneurship, Gondal is the Bill Gates of India. He dropped out of college to start his first company when he was 16, and launched his big successa4&quot;Indiagamesa4&quot;when he was 23. He sold part of his company for a multi-million dollar sum 2005. He now mentors young entrepreneurs and invest in startups via his fund called Sweat &amp;amp' Blood Venture Group.But college-dropout tech entrepreneurs like Gondal are extremely rare in India. Most make the wise choice to complete their education before joining a startup. So far,a4sthe biggest inhibitor of youth entrepreneurship in India has been the social stigma associated with failure and the low social esteem bestowed on startups. In the arranged-marriage systema4&quot;which is still the norm in Indiaa4&quot;a young male who joined a company such as Infosys or IBM would command the best marriage proposals, and those who took the startup path risked trading down. No longer.a4s All of the young entrepreneurs I met said either that they had told their parents that they would find their own partners, or that their parents supported their decision.It also used to be that nearly all the graduates of India&amp;'s prestigious Indian Institutes of Technology (IITs) would join investment banks or take senior positions in the outsourcing industry. Given the huge salaries these workers commanded, entrepreneurship was out of the question. Yet I met dozens of entrepreneurs who had left these institutions and were now risking it all on entrepreneurship. a4sTwo such are Pavan Thatha and Rakesh Thatha.After completing his MBA from IIT-Bombay and working in the outsourcing industry for four years, Pavan Thatha persuaded his brothera4sRakesh, an IIT-Madras graduate, to leave his job at Computer Associates India and start a security-software firm called Arrayshield. That was in May 2010. By October 2010, they had hired two more IITans who left new jobs at Oracle India and John Deere. The new recruits took 75% paycuts. The recruits received intense pressure from their family not to take the risk. Their parents couldn&amp;'t understand why they would leave prestigious, high-paying jobs to risk it all.a4s But they were determined to be part of the journey of the brothers, who has set out to do something to make a difference and change the world.And it isna4a4t just the Indians who are seeing opportunity in India.Valerie Rozycki had always wanted to be an entrepreneur and was keenly interested in emerging markets while a student at Stanford University. She believed Indiaa4a4s growing economy would provide great opportunities for someone like her.a4sShe had an idea to build a mobile engagement platform based on dialing numbers or &amp;''missed calls&amp;'' (most Americans are not familiar with the concept of &amp;''missed calls&amp;'', but in the developing world, they are a common way of sending a short message: a4AIa4a4m on my way homea4, a4Apick me upa4, a4AI love youa4, etc.). So, in February 2010 she started a company called ZipDial, in Bangalore. The company leverages a4Amissed callsa4 in marketing campaignsa4&quot;to log votes.Valerie clearly has many great opportunities in Silicon Valley. When I asked her what a (white) gal like her was doing in a place like Bangalore, she smiled and said,a4sa4Awhen all of the action is in Bangalore, who needs Silicon Valleya4Editora4a4s note: Guest writer Vivek Wadhwa is an entrepreneur turned academic. He is a Visiting Scholar at UC-Berkeley, Senior Research Associate at Harvard Law School and Director of Research at the Center for Entrepreneurship and Research Commercialization at Duke University. You can follow him on Twitter at @vwadhwa and find his research at www.wadhwa.com.<br/><br/>0 Vote(s) ]]></description>
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