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Patrick

Patrick Dsouza  |819 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Nov 14, 2023

Patrick Dsouza is the founder of Patrick100.
Along with his wife, Rochelle, he trains students for competitive management entrance exams such as the Common Admission Test, the Xavier Aptitude Test, Common Management Admission Test and the Common Entrance Test.
They also train students for group discussions and interviews.
Patrick has scored in the 100 percentile six times in CAT. He achieved the first rank in XAT twice, in CET thrice and once in the Narsee Monjee Management Aptitude Test.
Apart from coaching students for MBA exams, Patrick and Rochelle have trained aspirants from the IIMs, the Jamnalal Bajaj Institute of Management Studies and the S P Jain Institute of Management Studies and Research for campus placements.
Patrick has been a panellist on the group discussion and panel interview rounds for some of the top management colleges in Mumbai.
He has graduated in mechanical engineering from the Motilal Nehru National Institute of Technology, Allahabad. He has completed his masters in management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.... more
Asked by Anonymous - Nov 08, 2023Hindi
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Career

Hi, I am 2023 passout. I have done BTech in computer engineering. My profile is 10th -89.3%....12th: 78.6%...graduation: 7.41 CGPA. I am General category student. I am planning to give CAT 2024 but it will show 1 year Career gap in my profile. Is it still ok to pursue? And please help me what should I be doing in this 1 year to improve my profile. (Considering) time for preparing for CAT. Should I do a tech job or some other thing? I currently have an offer from Justdial to work as sales representative..is it fine working here? If not please help me with the options.

Ans: It is fine having a years gap before doing an MBA. It has become quite common now. But it is preferable if you can get a job. Can work at Just Dial and see if you get enough time to prepare for MBA Entrance. If not then can look for other options. Can talk to people who are already working there to get a better idea.
Asked on - Nov 14, 2023 | Answered on Nov 17, 2023
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Ok but this Justdial job is a sales job. Will it be good for my profile or I should see other jobs in finance or such related fields which will help me make my profile better for PI for colleges admission. But ofc the pay is better in this Justdial job then others. But I am not sure it will make my profile good or not. Is it ok if work in Justdial or I should explore other internships/jobs which are more suitable for MBA which has low/no pay. Please help me with what type of job to go for and does it really matter much for PI and my profile or not. Because I am aiming for the top colleges only.
Ans: Sales is a good job if you plan to pursue Marketing. If you are interested in Finance look out for relevant job. If you are not getting a Finance job then continuing with Sales job is fone. Look out for a job rather than internship, as internship has lower value.
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Entrepreneurship Expert - Answered on Oct 05, 2024

Asked by Anonymous - Aug 26, 2024Hindi
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Hi, I am interested in retail angel investing for startups. I have heard that there are platforms where retail investors can start investment with as less as 50K or 1 lakh. Is it true? And is it legal? If it is, can you kindly inform me of a few platforms where I can join and invest. Thank you.
Ans: Yes, retail angel investing for the startup is definitely possible; however, it is perfectly legal in India if it happens according to the rules and regulations provided by SEBI- The Securities and Exchange Board of India. One would say that angel investing is all about being a rich person. Well, not anymore. Today, with some of the online portals, you can even invest in starting up with as little as ?50,000 or ?1 lakh. That is a huge plus for retail investors like you who would like to support early-stage ventures but do not have big amounts of capital.

You must be wondering if really small amounts of investment are legal. The good news is that, yes, they are, but they have to happen through regulated channels. SEBI has put forth guidelines under the Alternative Investment Fund (AIF) category so that the process is above board. These platforms connect investors to startups in a structured way and offer transparency with legal safety. Therefore, it is a very risky proposition- the very nature of angel investing means you're essentially betting on new startups. Most of the time, companies either hit huge or hit nothing. Therefore, as mentioned before, legal and accessible always consider the risks and make the right decision.

About the platforms, in India, few are especially for retail investors looking for angel investing. A few of the popular ones are AngelList, LetsVenture, and Tyke. Here you have all these startups at different levels looking to raise funds. It enables you to go through the startups, see what their business models are, and pick the ones you find believable to have some potential. What's so fascinating about these platforms is the way they help to amalgamate smaller investments coming in from many individuals to cater to the needs of the startup. So, even if you are just putting in ?1 lakh, you become a part of a much larger group of investors, making it relatively easy for the startup to raise funds as required.

Now, although your investment sum is smaller, this also has to be approached with caution. You will have to research the backgrounds of these startups, their business plans, and the sectors they focus on. Given that this is a game of high risks, you also want to invest in a few different kinds of startups to differentiate your risk a bit. Furthermore, the other thing that might build up from these platforms would be the provision of access to due diligence reports and investor meetups, which would make you even more confident in making decisions regarding your investments.

In short, Yes, you can begin angel investing with relatively small amounts and some platforms help retail investors like you to get legally involved and safely. Just do your homework right, do some more research, talk to people who have been in the same situation, take some risks, and be patient- it's all part of the exciting journey of startup investing.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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