Can the ‘American Dream’ be reversed in India?
Monday, November 5, 2012
Valerie Wagoner is a smart and articulate woman. Educated at Stanford University, and a former employee at the online auction site Ebay, her credentials could get her work anywhere in the world.
She chose India.
Valerie quit Silicon Valley in California for Bangalore five years ago and is now at the helm of her own mobile marketing company, ZipDial.
More than half of the start ups founded in Silicon valley since 2005 were begun by immigrants to America, with as many as 1 in 3 started by an Indian, according to research from the Kauffman Foundation.
But now a small yet significant group of Americans are leaving their homeland for India.
What makes this trend different from the usual flow of expat labour is that these people aren’t on the usual fixed-term company transfer, but have moved east to become entrepreneurs, doing things on their own in an often tricky business climate.
Source: BBC (link opens in a new window)