Amongst stories of soaring e-commerce valuations, this Mint story on Indiaplaza, and how it ran out of cash, was quite a sobering read. But it wasn’t the business angle that stuck with me long after I finished reading it. I somehow felt that all Mr.Vaitheeswaran was seeking, was a little dignity. I have no idea of what really happened, so I cannot comment on whether that is deserved or not.
A few weekends ago, we were visited by someone who is a consultant for some work we needed done at home. She charged us Rs.2000 for a couple of hours, and after business was concluded, she spoke about how, a few years ago, she had been a VP at a well known consultancy firm. Her current business, born out of her passion, was not doing well. She wanted to get back to work but was finding it extremely difficult to land a job. After she left, I wondered aloud to D, how she must feel, having to go to strangers’ houses on Sundays, and working for a compensation far below what she might have been earning. What would this experience be doing to her sense of dignity? (more…)