I’ve been following Rashmi’s blog for a year or so and although I don’t entirely agree with her style of blogging or the interpretations she draws, I’ve still kept at it. I read about her debut book and looking at the subject matter (Story of 25 IIMA alumni who started their own ventures) couldn’t wait to get my hands on one. That wasn’t so easy as it isn’t so readily available in all bookstores, except crossword.
Very obviously, the title is stolen from Steve Jobs’ commencement speech at Stanford. Rashmi is gracious enough to acknowledge that in the preface but I feel the book deserved a more imaginative and thoughtful title.
The book tells about 25 IIM Ahmedabad graduates who at some point of time in their life started their own companies. The collection of entrepreneurs is diverse and covers various industries (IT, Retail, Finance, Consulting, Agriculture etc), IIMA batches (Class of 1970 to Class of 2004) and people who started out at different stages of their careers (Straight out of IIM or after 26 years in a company!). It shows a diverse view of the entrepreneurial dream and succeeds in painting across a broad canvas.
Another positive is that the companies founded by these grads are very much alive and active in today’s economy and are playing a major role in shaping the Indian growth story. A few examples are Subhiksha, Makemytrip.com, Naukri.com, India Infoline, Mphasis etc. I found it interesting to learn about how these companies were born and how they handled previous economic crises to get to where they are today.
But where this book falls a little short is the depth to which each company and entrepreneur is analyzed. Most of the profiles sound very similar and there is a lot of glossing over. Sometimes it seems Rashmi is awestruck by these bigwigs and doesn’t probe deep enough. For the 2000-2001 bust, the author just writes “we really had a hard time but stuck it out” for all the profiles.
Given the speed with which IIM/IIT books are lapped up by the public, this one is also set to be a runaway hit and I’m sure it’ll inspire a lot many young college grads and students to consider the alternate path. It’s a great read if you are into startups or even otherwise. Grab one at your nearest Crossword Store, it’s 3rd on the Bestsellers list there!
Some details about the book are:
Title: Stay Hungry Stay Foolish
Author: Rashmi Bansal
Publisher: CIIE, IIM Ahmedabad
Price: Rs 125
Bhavish




