Meet Sunny Gupta: The Man Who Sold a Startup for 2 Billion Dollars

Sunny Gupta has sold four start-ups and last one was sold for a whooping price of $2 billion. He said that his success was mainly driven by customer satisfaction. Sunny faced merely one interview in his whole career and then while working in the corporate, he realized that his career was going too typically. This propelled him to explore his entrepreneurial skills. In 1996, he started his first tech start up related to enterprise software.

For first six to nine months, he didn't seize any salary. As soon as his company stood firmly, it was bought by Rational Software for $3 million- $4 million and from there it was sold to IBM for a couple of billion dollars. Sunny felt that he should work on something sustainable, so he decided to work on his fourth venture called APPTIO for a long run. APPTIO provides cloud-based Technology Business Management (TBM) software. The company grew to $136 million and went public in 2016. In 2019, it was bought by Vista Equity in January 2019 for almost $2 billion. At present, Sunny is CEO of the company. According to him the main aspiration of an entrepreneur should be solving critical problems of customers, if money is the primary incentive then it would lead to drastic decisions. He also added, one cannot anticipate sudden success in start-ups, an entrepreneur should be prepared mentally for all the challenges and business trauma. Progress demands passion, patience and persistence. Sunny believes it is just the beginning for him, a window full of opportunities is waiting to be explored.

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Past makes present: Elon Musk 's anti union tweet

Who would have thought that a tweet made in 2018 will cause hassle in someone’s life in 2021. We are talking about none other than Mr. Elon Musk, CEO of Tesla, Inc. He needs no introduction but more than him, his tweets are famous. Elon Musk has been seen tweeting sharp and blunt statements very often but this time he faced serious repercussions as well. Swami Vivekananda rightly said that the present is determined by past actions. It all started in 2018 when Elon musk is his tweet, wrote: “Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues & give up stock options for nothing? Our safety record is 2X better than when plant was UAW & everybody already gets healthcare.” This tweet came in the limelight in 2021 when National Labor Relations Board found it oppressive and threatening. As per NLRB the tweet by Mr. Elon Musk was unlawfully threatening the employees with the loss of stock options if they decided ...

Russia’s Melting Snow May Cost the World Economy 2 Billion Dollars

The impact of climate change on a vast permafrost area of Russia has become a principal apprehension for the country. This is primarily due to thawing of once permanently frozen ground which covers more than half of Russia. The liquefication of snow is putting buildings, pipelines and other infrastructure in peril. This problem needs to be addressed imperatively because the scale of damage will escalate every year. Rising temperatures are the epicentre of anxiety for mining, oil and gas companies. The permafrost area accounts for 15% of Russia’s oil and 80% of its gas operations. It is also home to miners including MMC Norilsk Nickel PJSC, the biggest refined nickel and palladium producer. Multiple new craters have been found in the gas-rich Yamal region, which is a risk to pipelines. By 2050, global warming may jeopardise about a fifth of structures and infrastructure across the permafrost area, costing about $84 billion. Residential real estate, worth $53 billion, might be als...

Changing Environment For Local Business In Sri Lanka; Government Initiates The Revolution

Local industries and businesses are the backbone of the economy of any country. Additionally, Sri Lankan Government defines a local company as one with a minimum ownership of 51% of a Sri Lankan. To help these companies grow, the Sri Lankan Finance Ministry has proclaimed a circular enlisting the priorities to the local companies. Moreover, this move from the government may bring some salient alterations in the condition of the local manufacturers. The government has also come with up steps that will augment the local industries across the different domains. These domains include IT sector, construction, etc. The circular, as issued by the government includes relevant documentation regarding sourcing of resources and products. Additionally, sources point towards the fact that the government is hoping to extend support to the domestic sector and help them grow. Besides, the major focus is on the three sectors- IT software and hardware, construction and furniture and allied products. Pos...

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