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5 Ways to Validate a Business Idea, Right Now

Don't let your day job or lack of capital stop you from finding and testing a business idea. Here's how.
Last year, I embarked upon a personal challenge to validate a business idea in 30 days. To make it even more difficult, it was a random idea chosen by my readers. They asked me to do it without using my existing website, traffic and business connections and without spending more than 20 hours per week on the project. On top of that, I limited myself to spending no more than $500 validating this idea. The experiment was a success.In just two weeks, I built an email list of 565 subscribers without having an actual website. Then, I reached out to a handful of those subscribers and pre-sold 12 copies of a book that didn't even exist yet, all in less than 30 days. I wrote about the experiment in real-time with in-depth weekly updates, successes, failures and lessons learned along the way, right here in my validation challenge. Today, I want to share with you the five most effect…

Azim Premji, Shiv Nadar on Forbes list of richest tech tycoons

New York: Wipro Chairman Azim Premji and HCL co-founder Shiv Nadar are the only two billionaires from India inForbes’ list of the World’s 100 richest people in technology, ranking in the top 20 ahead of Google boss Eric Schmidt and Uber CEO Travis Kalanick.
The ‘100 Richest Tech Billionaires In The World 2016’ list has been topped by Microsoft founder Bill Gates with an estimated fortune of $78 billion.
Azim Premji, Chairman, Wipro. Reuters
Azim Premji, Chairman, Wipro. Reuters
Premji ranks 13th on the list with a net worth of $16 billion and Nadar comes in on the 17th spot with $11.6 billion of net worth.
The other Indian-American technology czars in the list are Symphony Technology Group CEO Romesh Wadhwani and founders of IT consulting and outsourcing company Syntel Bharat Desai and his wife Neerja Sethi.
Forbes said Premji, who heads India’s third-largest outsourcer, Wipro has been on a buying spree in the past year to boost growth.
Premji’s son Rishad, who heads strategy and sits on the board, also oversees Wipro’s $100 million venture capital fund.
Nadar co-founded HCL, which is reportedly mulling a US listing, Forbes said adding that Nadar also owns HCL TalentCare, a skills—development firm that provides training to new graduates. His latest venture is a $500 million fund to invest in startups and US healthcare tech firms.
Wadhwani comes in on the 67th position with a $3 billion net worth. A recipient of the 2013 Forbes India Non—Resident Philanthropist Award, Wadhwani announced in 2015 that he plans to commit up to $1 billion to fund entrepreneurship initiatives in India.
Forbes said despite a tumultuous year for the stock market, “it was a good time to be a tech billionaire“.
The titans on Forbes’ second annual list of the world’s richest in technology are worth a combined $892 billion, six per cent more than a year ago. Just over half of the 100 richest in tech are from the US, including eight of the top 10 richest on the list.
China has the second highest number of tech tycoons, with 19 people worth a combined $132.7 billion.
The richest Chinese member is Alibaba founder Jack Ma, who is on the 8th spot and has an estimated net worth of $25.8 billion.
Canada has five tech billionaires and Germany has four.
Forbes said the second richest person in tech Amazon Founder and CEO Jeff Bezos is also the biggest gainer on the list this year and has an estimated $66.2 billion fortune, an increase of $18.4 billion since this list was released last year. That puts him ahead of Oracle chairman Larry Ellison, who comes in on the 4th spot.
Ellison was also beaten by Facebook Founder and CEO Mark Zuckerberg, who climbed from fourth to third place thanks to a 30 percent jump in the value of Facebook’s stock; he is now also California’s richest person, another title that previously belonged to Ellison.
There are only five women rank among the world’s 100 richest in tech, including Zhou Qunfei on the 33rd spot. She became a billionaire in 2015 after Lens Technology’s IPO, and has a net worth of $6.4 billion.
America’s richest self—made woman in tech is health care software firm Epic Systems founder and CEO Judy Faulkner, who has a net worth of $2.7 billion and is ranked 79th.
The only other American woman on the list is Hewlett—Packard Enterprise CEO Meg Whitman, who has a net worth of $2.2 billion. She ranks 93rd.
These 100 billionaires have an average age of 53, a decade younger than the average age of the entire 2016 Forbes Billionaires List.

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