Vinod Gupta: A True Rags To Riches Success Story

The beginning

Vinod Gupta grew up in a village in India, where there were no modern conveniences. Both of his parents worked hard to provide for the family. Gupta attended the village school and in 1962, he graduated. Considered to be a smart kid, he continued his education and graduated from I.I.T, Kharagpur, India with an agricultural engineering degree. Gupta wants to continue is education and was accepted to the University of Nebraska. Neither he nor his family had any money, so he borrowed 60 dollars to come to America.

 

Talent

One of Gupta’s notable talents was taking money that he borrowed from a bank and turn that money into capital. His first job was working as a research analyst and was given the task of researching all mobile home dealers located in the United States. He requested all of the yellow books available at the time to compile his list. Even though his company would not pay him for going through them, they told Gupta that they would consider purchasing his list when completed.

 

Once Gupta completed the list, he gave his employer two options. The first one to buy the rights to the list for the amount of 9,000 dollars, and the second option was to get the list for free but allow Gupta to sell it to other companies. His company went with option number two. Gupta had to borrow 100 dollars from the bank to make mailers. The 100 dollars soon became 25,000. Visit This Page for additional information.

 

First Business

Vinod Gupta took his lists and started his own business, the Business Research Service and American List. In 1993, Gupta was able to take his business public. In 2010, his one-hundred-dollar venture sold for 680 million dollars.

 

Today, Mr. Gupta oversees Focus Group which offers venture capital for database technology startups and acquires struggling businesses to make them profitable. The Focus Group’s mission revolves around the vision of Mr. Gupta who wants to extend helping hand to new entrepreneurs, who have an idea just like Mr. Gupta. Focus Group also applies Gupta‚Äôs principles and likes to share his Business Lessons to all who want to be successful like Vinod Gupta.

 

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