After Rejection from IIM and VC, ARNOV GATGE Founded His Own Company on Four-Word Advice
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Aaj Tak
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After Rejection from IIM and VC, ARNOV GATGE Founded His Own Company on Four-Word Advice

Sometimes a career path does not align with the initial plan. Something similar happened to Arnav Gatge, but he did not give up and decided to start his own business. Initially, he planned to enroll in one of the leading business schools, perhaps work in venture capital or private equity, following the traditional path in the business world. However, all the doors he tried to open turned out to be closed.

In a LinkedIn post, he stated that he was rejected by all top MBA colleges to which he applied. His attempts to find a job in IIMs were also unsuccessful; he only managed to pass an interview in one case. When applying to the Indian School of Business (ISB) twice, as well as to the National University of Singapore (NUS) and Nanyang Technological University, he did not receive an interview invitation. His efforts to enter the venture capital (VC) and private equity (PE) sectors also failed. Some people pointed to a lack of his technical knowledge and hinted that he talked too beautifully.

However, Gatge did not agree with these remarks. He noted that for some reason, he did not pay attention to these opinions and did not believe them because he believed in himself and felt capable of more. Instead of submitting another application, he decided to email Paul Graham, co-founder of Y Combinator, who created the company and the institution supporting some of the world's most famous startups.

The response to his email completely changed the trajectory of his career. After a series of rejections, he took a step that changed his professional course. Paul Graham replied with just four words: 'Just start your own company.' Arnav took this advice seriously and decided to create his own business. Today, he leads Fortimus, a company that develops workflow applications for the monday.com platform. According to Arnav, his company has over 200 clients in seven countries.

When Every Answer Was 'No'

Academically, Gatge holds a degree in Global World from the University of Michigan in Pune, where his studies, according to his LinkedIn profile, took place between 2017 and 2021. His professional profile also lists experience at MiniOrange. Like many young professionals striving to advance their careers, he considered master's programs and opportunities in the investment industry, but the results did not meet his expectations.

Arnav claims that Fortimus now serves over 200 clients in seven different countries. Among these clients are both small businesses and large corporations. He emphasizes that the company has managed to grow its business while remaining profitable with limited resources. The company also provides a range of applications on the monday.com Marketplace, including tools for synchronizing information across different boards and integration with Google Drive.

For Arnav, company success is not limited to the number of clients or revenue. He also considers it important that old clients are satisfied with his work and recommend his services to others.

In a LinkedIn post, Arnav compared Fortimus to the MBA he could not obtain from college. He stated that looking back, he would choose his decision again. His story demonstrates that receiving career rejections does not mean that the paths forward are exhausted. Sometimes you have to forge your own path when the long-awaited opportunity does not come.

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Engineer who earned over 26 lakh salary at Qualcomm lost job due to layoffs
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www.aajtak.in

Engineer who earned over 26 lakh salary at Qualcomm lost job due to layoffs

An engineer who spent years preparing for the GATE exam, studying at IIT Hyderabad, and received a job offer from Qualcomm with an annual package exceeding 26 lakh rupees, recently lost his position due to layoffs. Qualcomm reportedly began a mass layoff process in India as part of a global workforce reduction.

According to user X Vikas Always, his friend was affected by these layoffs. This friend initially received an offer for a non-technical role after obtaining a bachelor's degree from Sutherland but decided instead to spend a year preparing for the Graduate Aptitude Test in Engineering (GATE).

After a year-long break, he successfully passed the exam, scoring around 1100 points. He then enrolled in the VLSI master's program at IIT Hyderabad. After two years of postgraduate study, he was offered a position at Qualcomm through campus recruitment. Vikas reported that his friend was offered a base annual salary of 18 lakh rupees and a total CTC exceeding 26 lakh rupees.

However, this career peak proved short-lived. Vikas noted that despite his friend's hard work in studies and securing the Qualcomm job through campus placement, he has now been fired. He commented on the deteriorating job market in the technology sector, stating that the situation resembles a state of 'never settling down.'

Qualcomm initiated a global workforce reduction process, and employees in India are presumably affected. It is said that about 1000 jobs in India might be impacted, although the final number has not been confirmed. The company currently employs around 20,000 people in cities such as Bangalore, Hyderabad, Delhi NCR, and Chennai. India Today Tech contacted the company, but it declined to comment.

These layoffs occurred following an internal message from CEO Cristiano Amon, who termed them a 'performance-oriented reduction.' Employee notifications were expected to begin in November after the annual personnel review. According to available information, the company may initiate another round of layoffs in January 2027.

It is important to note that this news is based on a social media post, and India Today has not independently verified the figures, background, or results provided. The article serves purely informational purposes, and readers are advised to exercise caution before making any decisions based on this information. The case demonstrates that even having an IIT Hyderabad degree, campus recruitment at Qualcomm, and a starting package exceeding 26 lakh rupees does not guarantee job stability amid the uncertain technological market for engineers in the semiconductor sector.

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