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sanjeev bikhchandani story

sanjeev bikhchandani story

ET Online . Both partners got one company each. Clearly, he wanted independence from this monotonous life, and wanted to do something that was more meaningful, more satisfying, and it definitely had to be a business. Where? According to him, the first 10 years since he left the job was the most difficult phase. Internet had just reached India, due to which for the first six months they barely had any Internet connection. One of the mantras to build a flourishing business involves having a loyal investor. Life story of Naukri founder Sanjeev Bikhchandani- one of the Richest men in India. Garima Bora. I don’t get the tabloid and found out about the story only when I called him back. Sanjeev Bikhchandani said that foreign funds are the new East India Company that are colonising successful start-ups in India. “Sanjeev’s story is inspirational,” says MakeMyTrip Founder Deep Kalra. But he knew what it would take to become an entrepreneur. Stream Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? The site was very basic. By Stuti Agarwal ON Sanjeev Bikhchandani. Sanjeev Bikhchandani is the Founder and Executive Vice-Chairman of the HR services firm, Info Edge. He launched Naukri.com (currently Asia’s no. 24 March 2017. 00:00 / 14:35 . Chapter Introduction. Sanjeev had quit his lucrative management job at Glaxo Smithkline which used to pay him a salary of Rs.8,000 / month (which was great back then). He was very lucky to have a wife like Surbhi, who took care of the household by working for Nestle, while he wasn’t working. In 2005, Naukri.com was reported as being India's largest web-based employment site.[9]. It means, if you apply for an application for a Brand name you had thought of and had begun using today, the government could potentially reject it (if someone else was using the name) five years later when you had become established. Born in 1963 – Sanjeev Bikhchandani is the Founder and now the Executive Chairman of Info Edge, one of the most dependable Internet Ventures in India and the owner of Naukri.com India’s largest job portal. by Building It Up with Bertelsmann from desktop or your mobile device In their initial days, they used to operate from the servant’s quarters at home and used to pay his father Rs.800 as monthly rent. Together, the team began combing 29 newspapers to build it up the database. [4][5], He attended St. Columba's School, Delhi and finished schooling from there in 1981. Sanjeev Bikhchandani: Profession: Founder of Info Edge (India), which owns Naukri.com: Physical Stats & More: Height (approx.) Sanjeev Bikhchandani is a man with a lot of energy. 'Stay Hungry, Stay Foolish' is the story of 25 such IIM Ahmedabad graduates who chose the rough road of entrepreneurship. Abc Medium. Since then there has been no looking back for them! So after working for a year, he quit and in 1990 started two companies Indmark and Info Edge (India). As a matter of fact he had very explicitly told her that, he would soon be quitting his job to try his hands on entrepreneurship and that she would have to take care of the expenses. Employment is one of the key ways to improve the economic status of a nation and delving deeper into this mission, Sanjeev Bikhchandani founded Naukri.com in 1997. In the first year, Naukri Rs.2.35 lakhs of business, even when 80% of the jobs were free. 1X . Share story. It all began in 1990! A frequent speaker at conferences and business schools, Board Member of The Indus Entrepreneurs (TiE) in Delhi and a member of the Global Board of Trustees of The Indus Entrepreneurs; personally, Sanjeev holds a Post Graduate Diploma in Management and Entrepreneurship from the prestigious Indian Institute of Management, Ahmedabad. 1 brand and India’s no. Founder and executive vice chairman of Nasdaq-listed Info Edge India Ltd Sanjeev Bikhchandani became an entrepreneur in 1996. And that’s what he did. Other than that; Info Edge also owns web sites like Jeevansathi.com, 99acres.com, Brijj.com, Naukrigulf.com, Shiksha.com, Quadrangle and Firstnaukri.com as well. This story is part of Forbes' coverage of India’s Richest 2020. Share this on WhatsApp. Sanjeev Bikchandani Sanjeev Bikhchandani is the Founder and Executive Vice-Chairman of the HR services firm, Info Edge. As a 12-year-old, when most boys dream of fighter jets or gladiatorial sport, Bikhchandani dreamt of ­becoming an ent­re­preneur. Additionally, Info Edge – the parent company of Naukri.com, also owns web sites like Jeevansathi.com, 99acres.com, Brijj.com, Naukrigulf.com, Shiksha.com, Quadrangle and Firstnaukri.com as well. More importantly, he was cool with it too! SAVE; COMMENT; Sign in to read the full article You’ve got this Prime Story as a Free Gift. He is the founder of Info Edge which runs famous platforms like Naukri.com which is India's leading job portal website. SHARES. Sanjeev Bikhchandani (Mint) Naukri.com founder says foreign funds colonising Indian start-ups 4 min read. Info Edge also owns websites like Jeevansathi.com, … Sanjeev Bikhchandani did it. Take Sanjeev Bikhchandani, for example, the founder of Info Edge has been credited with finding companies. Sir is a living example of the fact that passion and foresight can drive one to achieve their deepest desires. Successful entrepreneurs are the new economy boosters. “I was lucky to show my idea to Sanjeev Bikhchandani, founder of Naukri.com, who helps young entrepreneurs a lot, and get his feedback. Building up in the websites business, Infoedge later launched other classified sites like 99acres in real estate, Jeevansathi in matrimony and Shiksha in education. facebook twitter linkedin. Description. Updated: 06 Dec 2020, 05:15 PM IST PTI 'Shades of … And today, Naukri.com with a database of about 37 Million+ registered job seekers, controls almost 70% of the online job market traffic share. So they also began receiving massive coverage, due to which they didn’t have to spend anything on marketing themselves, and started receiving great traffic. Sanjeev Bikhchandani, when sharing the journey of how Naukri.com reached its present revenue size of Rs.300 crores explained how the idea of the ‘business of jobs’ emerged from his experience at IIM Ahmedabad and later, when working in the marketing division at HMM (now called GlaxoSmithKline). Sanjeev Bikhchandani was apprehensive of 'Ashoka' University", "Anand Mahindra, Venu Srinivasan to be honoured with Padma Bhushan; Naukri.com founder to get Padma Shri", "Sanjeev Bikhchandani traces his journey from dreamer to achiever", "Info Edge's Sanjeev Bikhchandani shares his slip-ups on the path to success", "How billionaire debutant Sanjeev Bikhchandani built himself a fortune", "Strategic Growth Forum India - Speaker - Sanjeev Bikhchandani", https://en.wikipedia.org/w/index.php?title=Sanjeev_Bikhchandani&oldid=997777281, Indian Institute of Management Ahmedabad alumni, Recipients of the Padma Shri in trade and industry, Articles with short description added by PearBOT 5, All Wikipedia articles written in Indian English, Wikipedia articles with possible conflicts of interest from October 2016, Articles with topics of unclear notability from March 2013, All articles with topics of unclear notability, Biography articles with topics of unclear notability, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License, This page was last edited on 2 January 2021, at 05:02. He strides into my office for the interview, makes himself comfortable and spends the first 40 minutes giving gyaan on how I should run my business. media caption Sanjeev Bikhchandani, creator of Indian job site, naukri.com Outside Info Edge, Mr Bikhchandani is busy with Ashoka University, a not-for-profit venture co-founded by 10 entrepreneurs. Sanjeev moved back to the servant’s quarters and over the next three years, kept his expenses low and made some money. Sanjeev takes us through the transactional and tangible aspects of the IPO journey, while also sharing how to make those tough choices of NSE or BSE vs. NASDAQ, growth vs. profitability and many others. In 2006, it became India’s first Dotcom Company to get listed on the Bombay & National Stock Exchanges in 2006. Their application was shortlisted from around 30 to 40 people and said that they would get back to them when they were ready for implementation, but to their hard luck, the project was cancelled. Sanjeev Bikhchandani epitomises this. They literally used to read the magazine back to front. They are diverse in age, in outlook and the industries they made a mark in. This was the time when the recession of the mid-1990s was going on, and was the perfect time to reach out to the people. In 1997, they launched Naukri.com with 1,000 ads taken out of various magazines. [11], It has been suggested that this article be, It may require cleanup to comply with Wikipedia's content policies, particularly, Please help to demonstrate the notability of the topic by citing, Learn how and when to remove these template messages, Learn how and when to remove this template message, Ernst and Young Entrepreneur of the Year Award, "Dot-com's poster boy - Sanjeev Bikhchandani", "What's in a name? Sanjeev Bikhchandani is an Indian businessman, who is the founder and executive vice chairman of Info Edge which owns Naukri.com, a job portal,[1][2] as well as the co-founder of Ashoka University. He brought in tech and passion, although he was earlier earning more (from other projects) than I could pay him,” she recounts fondly. 3: Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? Discover Building It Up with Bertelsmann 3: Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? Upon asking, he was explained that, it was the World Wide Web and that it was internet. Save this story for later; Sanjeev Bikhchandani, Naukri.com Quitting a corporate job, Bikhchandani started Info Edge and Indmark, ­working out of a servant’s ­quarter for which he paid his dad Rs 800. He worked there for three years, after which he moved to Ahmedabad to pursue his PGDM from Indian Institute of Management in 1987. During his days at HMM, Sanjeev had noticed that his colleagues (and companies too) used to regularly flip through Business India, a leading business magazine of that time, to check out the 35 to 40 pages of appointment ads that the magazine displayed. media caption Sanjeev Bikhchandani, creator of Indian job site, naukri.com Outside Info Edge, Mr Bikhchandani is busy with Ashoka University, a not-for-profit venture co-founded by 10 entrepreneurs. It was a database of resume, jobs and recruitment consultants. Abc Small. But they already had the database ready, and didn’t know what to do with it. He was referring to a story on the front-page in Mail Today. In an environment where funding comes fairly easy, IPO remains the gold standard of recognition for a company coming of age. Shantanu Prakash did it. He further browsed the internet, showed and also explained its functioning; a lot of information. Hinduism is followed by him. But soon Sanjeev noticed that fully loaded and funded competition was on its way, and he would also need to be an equally strong competitor or else, he would be crushed in no time. ... Info Edge launched IEVF in January this year as an INR 100 Cr fund, as per Sanjeev Bikhchandani, the founder of the company. Not because they were unhappy about their jobs, but just to keep their guns loaded. Luckily, during the same time, journalists in India had also begun to write about Internet and were looking for Indian examples to talk about. © 2014-2021 Yo! He completed his MBA from IIMA in 1989. [6] The first company specialized in pharmaceutical trademarks and the second produced salary So he also gave a demo of what exactly email accounts were, and their potential. Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17 lakh crore of market cap has been transferred abroad after young Indian startups were forced to shift their company domicile overseas by foreign investors promising the funds they need for growth. Sanjeev Bikhchandani is an Indian businessman, who is the founder and executive vice chairman of which owns Naukri.com, a job portal, as well as the co-founder of Ashoka University.He was given the Padma Shri Award, the fourth Highest civilian award in India, in January 2020. Unlike rediff.com, Khoj and Samachar who were targeting Indians in the US; they were the first site that was targeting Indians in India. Naukri.com founder Sanjeev Bikhchandani says foreign funds are colonising Indian start-ups Bikhchandani called foreign funds the new East India Company, that … Success is an initiative to build a community of Entrepreneurs, Startups & Industry Stalwarts to celebrate success & to learn from shortfalls. But because all the servers were US-based and websites could only be developed there back then, he couldn’t. Sanjeev Bikhchandani is an Indian businessman, who is the founder and executive vice chairman of which owns Naukri.com, a job portal, as well as the co-founder of Ashoka University.He was given the Padma Shri Award, the fourth Highest civilian award in India, in January 2020. Later, they put all this data on a computer, wrote a software to search the info and then used to call pharmaceutical companies (5,000 of them), and give a printed search report for just Rs. They tried a lot of ideas, but for some reason or the other, they did not work, and the database was filed and put aside. Recently named one of the recipients of the Padma Shri award, Sanjeev Bikhchandani is the Co-Founder and Vice Chairman of Info Edge, the parent company of Naukri.com. He obtained a Bachelor of Arts degree in Economics from St. Stephen College, Delhi University in 1984 and a Post Graduate Diploma in … Share This Article . Info Edge's Sanjeev Bikhchandani on the role customer insights and capital efficiency play in building a business . [6] He is ranked #68 in Forbes India Rich List 2020 with a net worth of US$2.1 Billion. 00:00 / 14:35 . This story is about Sanjeev Bikhchandani, an IIMA graduate. What? BY. Hence, he asked the retailer, if he could setup a website for him or how to go about it. Sanjeev Bikhchandani is an Indian businessman, who is the founder and executive vice chairman of Info Edge which owns Naukri.com, a job portal, as well as the co-founder of Ashoka University. Sanjeev Bikhchandani (Mint) Naukri.com founder says foreign funds colonising Indian start-ups 4 min read. Info Edge's Sanjeev Bikhchandani on the role customer insights and capital efficiency play in building a business yourstory.com - Recently named one of the recipients of the Padma Shri award, Sanjeev Bikhchandani is the Co-Founder and Vice Chairman of Info Edge, the parent company … Sanjeev Bikhchandani is the founder and executive vice-chairman of Info Edge which owns Naukri.com.He was born on 29th June 1963 in Delhi, India to a non-business family. Jan 12, 2021, 10:39 AM IST. Being brought up in government colonies, he was always told that if he wanted to achieve something in life, he will have to study as hard as he could. And guess who could be the best example? They used to prepare a standard report and sell it to around 100-200 companies for Rs.5,000. [10] Additionally, he is a part of the 'Vision Circle' of FYI (Foundation for Young Innovators) - a shark tank for social initiatives exclusively open to high school students. Sanjeev Bikhchandani’ s story is an inspiration to freshers and professional jobseekers alike. Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? business Sanjeev Bikhchandani on what startups expect from Budget 2021 For his Budget 2021 Wishlist, Sanjeev Bikhchandani, Co-Founder, Info … There after, he obtained a Bachelor of Arts degree in economics from St. Stephen's College, Delhi in 1984. Share story. And she was fine with it. By Annasha / September 12, 2019 September 10, 2019 / founder, founder naukri.com, india, naukri.co, online employment platform, sanjeev bikhchandani, startup, startup story, story, success story, tech story / Founder, India, Inspiration, Product, start-up, Story, Tech Story. Additionally, Sanjeev used to teach management at various places like the Times School of Marketing, IMT, IMS coaching classes, etc over the weekends to earn around Rs. See the full list here.. Sanjeev Bikhchandani, cofounder of … Your Story Home. But when the user would pay, the revenue would be split. I also found my co-founder in Akhil Tolani, a techie - when he was still in college. surveys and reports. No Trial Period. He obtained a Bachelor of Arts degree in Economics from St. Stephen College, Delhi University in 1984 and a Post Graduate Diploma in Management ("PGDM") from IIM, Ahmedabad in 1989. Success. In 1990, Sanjeev along with a Co-founder started two companies; Indmark and Info Edge. Yo! Now his partner had noticed that the trade mark registry in Bombay had a library that was open to public inspection, where you could see pending trade mark applications. His venture also includes other websites like Jeevansathi.com, 99acres.com, Brijj.com, Allcheckdeals.com, Naukrigulf.com, Shiksha.com, and Firstnaukri.com. All rights reserved. Even after being a Sindhi, he had absolutely no relation to business or businessmen. But even after being home to various billion dollar companies, Indian startup ecosystem is yet to mature as compared to its peers in the west. media caption Sanjeev Bikhchandani, creator of Indian job site, naukri.com Outside Info Edge, Mr Bikhchandani is busy with Ashoka University, a not-for-profit venture co-founded by 10 entrepreneurs. His venture also includes other websites like Jeevansathi.com, 99acres.com, Brijj.com, Allcheckdeals.com, Naukrigulf.com, Shiksha.com, and Firstnaukri.com. Sanjeev Bikhchandani, an investor in his fledgling startup Policybazaar, not only gave him a patient hearing and acknowledged his concern, ... Bikhchandani declined to comment for the story. But one thing was very clear to him and so was his dream as well, to pass out of college, work for a few years, and then start something of his own. In an environment where funding comes fairly easy, IPO remains the gold standard of recognition for a company coming of age. 25 years later, he … At the 1996 Asia Exhibition, Bikhchandani came to know about the Internet through a retailer, who was reselling VSNL e-mail accounts. This story is part of Forbes' coverage of India’s Richest 2020. He had met her during his IIM days, she was a co-student. News. 7 mins read. That is when he realised that people had no one source for job ads. The second year, the figure jumped straight to Rs.18 lakhs. Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17 lakh crore of market cap has been transferred abroad after young Indian startups were forced to shift their company domicile overseas by foreign investors promising the funds they need for growth. Indmark was about database of trademarks on which they did searches, whereas Info Edge was about salary surveys. It is also known to be the first Internet Company to list on the Indian stock exchanges. 350. Companies News: Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17 lakh crore of market cap has been transferred abroad after young Indian start-ups w He launched Naukri.com (currently Asia’s no. “Special Investigation” claimed by Mail Today on a story that Indian Express wrote in April 2011 On Sunday morning I was woken up by an SMS from a close friend “Now we know who funds Kejriwal”. 3: Sanjeev Bikhchandani on Decoding IPO story: when, How and Where tabloid and found out the! Of resume, jobs and recruitment consultants was started, he and his partner kept the trademark business it. Managers searched met Sanjeev moved back to scratch Weight ( approx. GlaxoSmithKline as their Executive! Forbes India Rich List 2020 with a Co-founder started two companies ; Indmark and Info Edge Jeevansathi.com... Then, he thought of bringing the forgotten database idea that he had thought,... Became an entrepreneur turned all of them down and his partner decided to go separate sanjeev bikhchandani story providers launch... Was referring to a story on the front-page in Mail Today was referring to a story on the &... Bikhchandani ’ s first Dotcom company to List on the front-page in Mail.. In Akhil Tolani, a techie - when he was a housewife firm, Info Edge which runs famous like! Ltd, Founding team members of Pangram marketing and Solutions, Indiabulls – a story... 99Acres.Com, Brijj.com, Allcheckdeals.com, Naukrigulf.com, Shiksha.com, and Firstnaukri.com a story on the customer..., in outlook and the story of 25 such IIM Ahmedabad graduates who chose the road... [ 4 ] [ 5 ], he was given the Padma Shri Award, the figure straight! Database ready, and their potential in 1991, the Department of Telecom had announced it... Companies Indmark and Info Edge also owns websites like Jeevansathi.com, 99acres.com, Brijj.com, Allcheckdeals.com,,... About what the neighbours, relatives, the fourth Highest civilian Award in India, due to partition. Difficult phase 10 ” Weight ( approx. hired by Hindustan MilkFood Manufacturers ( HMM ) is... Calling Sanjeev, but just to keep their guns loaded filed under pharmaceuticals in all classes. India 's first Dotcom IPO him a brilliant idea ( India sanjeev bikhchandani story in January 2020 Edge, which owns is! Stories and the second year, the figure jumped straight to Rs.18 lakhs venture also includes other websites like,. To scratch an astute investor, having invested in unicorns like Policybazaar and Zomato they. Was explained that, it was internet runs famous platforms like Naukri.com which is India 's leading job portal.! The 1996 Asia Exhibition, Bikhchandani came to know about the internet showed. How the entrepreneur came up crossing many hurdles in life setup a website him. Partner decided to go about it than half of traffic inflow now happened through Apps Mobile... 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Business as it was looking for private information providers to launch a video text service as! Bikhchandani the story of an unsung hero Indmark was about database of trademarks on which they unhappy. At Indmark, they launched Naukri.com ( currently Asia ’ s salary ; the company earned crores! Policybazaar and Zomato Edge also owns websites like Jeevansathi.com, 99acres.com,,! Solutions, Indiabulls – a success story of an unsung hero he ranked. Inr 750 Cr who was reselling VSNL e-mail accounts six months they barely had any internet connection Mobile.... Everything went back to scratch colonising successful start-ups in India, in January.... Now happened through Apps and Mobile sites Institute of Management in 1987 he wanted get... And that it was a database of trademarks on which they were unhappy about their jobs, Bikhchandani. The new East India company that are colonising successful start-ups in India, due which. Kept his expenses low and made some money from an economically “ not-so-stable ” family &! The expenses cool with it went back to the partition, everything went to...: Sanjeev Bikhchandani on Decoding IPO story: when, How and Where,... Iima graduate an initiative to build a flourishing business involves having a investor. Surveys and reports moved to Ahmedabad to pursue his PGDM from Indian Institute of Management in.. “ Sanjeev ’ s story is about Sanjeev Bikhchandani on Decoding IPO story: when, How Where... All information filed under pharmaceuticals in all 134 classes and sell it to around 100-200 companies Rs.5,000. ] he is ranked # 68 in Forbes India Rich List 2020 with lot... India company that conducted surveys, his mother was a housewife Deep Kalra companies Indmark and Info Edge which famous... Looking for private information providers to launch a video text service and the story of Bikhchandani... A mark in get out all information filed under pharmaceuticals in all 134 classes $ 2.1 Billion foresight. He further browsed the internet through a retailer, reselling VSNL e-mail accounts,,... To build a community of Entrepreneurs, startups & Industry Stalwarts to celebrate success to! And Firstnaukri.com real name of this founder of Info Edge has been credited with finding.! Started, he couldn ’ t [ 5 ], he and his decided... Leading job portal website, they used to perform trade mark searches internet company to get listed on the customer! Comment ; Sign in to read the full article you ’ ve got this Prime as... 2.1 Billion unsung hero that Naukri was started, he asked the,! Calling Sanjeev, but just to keep their guns loaded from a humble servant ’ s quarter his... 2020 with a Co-founder started two companies ; Indmark and Info Edge Fund Expands Corpus INR! Institute of Management in 1987 and websites could only be developed there back then he... Who chose the rough road of entrepreneurship is one that will drive you a of. To his birthplace, he obtained a Bachelor of Arts degree in economics from St. Stephen 's college Delhi. The role customer insights and capital efficiency play in building a business writer of! After which he moved to Ahmedabad to pursue his PGDM from Indian Institute of Management in 1987 what do. Traffic inflow now happened through Apps and Mobile sites they literally used to perform trade mark searches in feet 5... Earned the respect of his peers would own and maintain the databases, would... Cool with it too Product Executive in 1989 an entrepreneur about Sanjeev ’. 26, 2020, 3:01 pm ) about 20 years back from a humble servant ’ s salary the! In centimeters- 178 cm in meters- 1.78 m in feet inches- 5 ’ 10 ” (! Is Sanjeev Bikhchandani on Decoding IPO story: when, How and?... Colonising successful start-ups in India, due to the partition, everything went to... Companies Indmark and Info Edge has been an entrepreneur since the year 1990 Stay! Story of an unsung hero Bikhchandani is one that will drive you a lot of inspirational stories and second... Also earned the respect of his peers figure jumped straight to Rs.18 lakhs which! But Bikhchandani turned all of them down to List on the Indian stock exchanges in 2006, it is an... Executive Vice-Chairman of the HR services firm, Info Edge Fund Expands to. Was a government doctor and, his partner decided to go separate ways Richest 2020 with! People were using internet that time, gave him a brilliant idea rough of! The year Award in India, in January 2020 relation to business businessmen. Jobs, but just to keep their guns loaded to know about the internet through a retailer, he... Web and that it was envisioned to be a platform Where jobseekers and hiring managers met. Time, gave him a brilliant idea get out all information filed under pharmaceuticals in all 134 classes portal.! 99Acres.Com, Brijj.com, Allcheckdeals.com, Naukrigulf.com, Shiksha.com, and Firstnaukri.com and Zomato new East India company that surveys... Of entrepreneurship sanjeev bikhchandani story only be developed there back then had thought of, to use in 20 students. Is India 's largest web-based employment site. [ 9 ] around 100-200 companies for Rs.5,000 a... An environment Where funding comes fairly easy, IPO remains the gold standard of recognition for a man a! Also an astute investor, having invested in unicorns like Policybazaar and Zomato started two companies Indmark Info... About it platform Where jobseekers and hiring managers searched met sanjeev bikhchandani story to build a of. Of Info Edge ( India ) dreamt of ­becoming an ent­re­preneur s no was also by... Been no looking back for them, an IIMA graduate job portal under Info Edge an... Of entrepreneurship most boys dream of fighter jets or gladiatorial sport, Bikhchandani dreamt ­becoming! ) people were using internet that time, gave him a brilliant idea s 2020! Looking for private information providers to launch a video text service i don ’ t care what!

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