either you love the 1-cr-offer guys or you hate them, but you can't ignore them. the whole country seems to be spellbound by their guts and confidence, but nobody sees the other side. yesterday i was having lunch with one of these guys. he told me that he had to go to bombay, and for the first time in the past 2 years he went to the railway station to book tickets. earlier he always used to fly, because he used to think that he would have enough to spend when he would get a job. but now his savings have all but vanished, and he is thinking of starting to give tutorials to CAT aspirants to make some money.
when you are sitting in front of a guy who you know is much smarter than you and could have made more money in one year than what you can only dream of, these words make you nervous. contrary to popular belief, they are having tough time persuading VCs to fund their business plan though they have got some good contacts also. he told me about a guy who passed out from our institute a few years ago and refused a lucrative international job offer to start a school. that guy used to say that if he could have collected 1 Re. from each and every person who took his interview, he could have got enough money to start not one but several schools. but in reality, nobody gave him a single paisa.
it takes guts to start a venture in these circumstances. people like to portray IIM guys as epitomes of brain-washed indians spoilt by money, but these examples show why they (or rather, some of them) get so much money. if you ask me, these guys deserve every pence of the offer that they got. and as i said him, i sincerely wish that i again see their names and faces in the newspapers a few years later.