Vinod Gupta $100 bank loan

Vinod Gupta was born in India. He is known for taking a $100 bank loan into a company that eventually sold for $680 million dollars. Gupta graduated college from University of Nebraska and shortly after his idea of Everest Group was formed. He decided that there was a demand for business to business information. From there he developed and implemented methods that started database technology. Vinod Gupta made a point that having a great idea will become obsolete if there is no market need for it. Gupta used the $100 he borrowed and sent out market mailers which advertised his database services. Within 20 years, his company was valued at $500 million dollars and with the continued growth the company then became valued at $680 million dollars which is when he sold it. Now Gupta is the CEO of Everest Group which provides venture capital, private equity, and consulting services. He has also given back in terms of education by providing educational opportunities for those who would need assistance. He is responsible for building schools in India as well as providing funding for his alma mater. Also Gupta donated $1 million dollars to develop a women’s polytechnic school located in India. This school allowed independent women in India to obtain a postgraduate degree in as little as 24 months. Some areas of study include textile design, computer applications, information technology, and web design. Gupta has donated over $50 million dollars over the last two decades. This shows that helping others is truly what he inspires to do.

More on Vinod Gupta:

http://weeklyopinion.com/2018/06/vinod-gupta-invests-womens-education/

https://twitter.com/VinodGuptaInvst

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