When Indian-American men cook, it’s considered cool and they are anointed chefs and stars and given all the respect. But when women cook, they are the housewives, the home-cooks and kitchen-bound who are doing what they’ve done for millennia. But now change is happening and some Indian-American women are taking the rolling pin and the tawa, and turning them into money-making startups!
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The world knows of Dropbox, which is estimated to be a $ 5 billion company but few know that its genesis happened at Y Combinator, an incubator of start-ups which also nurtured the $1. 3 billion Airbnb.
“Y Combinator has become the central place to see where the next huge companies will be born and this makes it tremendously exciting to be a part of,” says Harj Taggar, 29, who is part of the core team at Y Combinator.
Since 2005 Y combinator has funded over 380 startups, including Reddit, Scribd, Disqus, Dropbox, ZumoDrive, Justin.tv, Posterous, Airbnb, Heyzap, Cloudkick, DailyBooth, WePay, Bump, Stripe, AeroFS, and Hipmunk.It has been called the most prestigious program for budding entrepreneurs and has created an entirely new method of funding early stage startups.
The young company founder—who previously had been unable to make ends meet—was seen driving around in a fancy red Corvette. When confronted, he retorted that he hadn’t started his business to live the life of a hermit; he needed to keep his girlfriend happy and enjoy life.
Software patents are just nuclear weapons in an arms race. They don’t foster innovation, they inhibit it. That’s because things change rapidly in this industry. Speed and technological obsolescence are the only protections that matter. Fledgling startups have to worry more about some big player or patent troll pulling out a big gun and bankrupting them with a frivolous lawsuit than they do about someone stealing their ideas.