Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Saturday 20 September 2014

FW: Revenue Share proposal


Dear Sree ,

It was nice meeting / talking with you yesterday
Thanks for visiting
I am happy that , within next 2/3 weeks , you will visit us once again with a couple of your colleagues , to chalk out an Action Plan / Time Frame , for reviving / developing / commercializing various portals / Recruitment Tools , based on ,

>   S/W codes already available with 3P

      *    GlobalRecruiter.net
      *    IndiaRecruiter.net
      *    World-Wide-Jobs.com
      *    RecruitGuru.com ( Resume Parsing / convert to a structured database )
      *    Resume  Rater ( of which , so far 15,000 + copies have been downloaded so far from Softpedia / Cnet etc )
      *    Order Execution System ( similar to File Finder , for use by Recruitment companies , offline )
      *    Tools ( GuruMine / GuruSearch / GuruGem / Harvester / Verifier / Splitter etc )
      *    Mobile Apps ( " My Jobs " / " Resume Blaster " )


>   My umpteen handwritten notes / emails to colleagues re:

     *    Predictive Analysis for Job Advertisements ( using BIG DATA - similar to Google's N-Gram project )
     *    ParekhRank ( similar to Google's PageRank )
     *    Match Index ( between a Resume and a given Job Advt )
     *    ARGIS ( Artificial Resume Generating Intelligent Software )
     *    ARDIS  ( Artificial  Resume Deciphering Intelligent Software )
     *    ADIOS - Architecture for Distributed Interviewing Outsourcing ( eg: Project Fore-Court )
     *    Ex-PERT  ( PERT Chart based execution of a Recruitment Mandate )
     *    Maxwell's Devil ( Auto / Dynamic re-computation of Keyword occurrence & Weightages for Resume Raw Scores )
     *    Salary Growth Graphs ( Apple-for-Apple Comparisons for computing salary-offers/annual increments )
     *    Expert System ( based on If / Then set of rules in Recruitment Domain )
     *    W3C  (  World Wide Work Consortium )
      
    
>   User Interfaces already designed for

     *  OnLineJobsFair.com      ( a Virtual Employment Exchange )
     *  ResumesExchange.com ( Similar to Bit-Torrent exchanges of files - but thru a central server / not peer-to - peer )
     *  B2CmessageBlaster.com ( AdSharp - what AdWord / AdSense have now morphed into )
     *  Job-Compose / Job-Upload Tool

>   My handwritten comments in the margins of over 200 books ( mostly on Internet Marketing ) , in approx 20,000 pages , where I
     have spelled-out how a particular idea / concept of that Author can be used / leveraged in our own portals

These are just a few examples that immediately come to my mind
There are hundreds of note ( some of which , I got typed / uploaded on www.hemenparekh.in )
At one point of time , my idea was to turn-over all my knowledge / intellectual property to the World , as some kind of an " OPEN SOURCE " - free for anyone to use
Now , that TMI is interested in exploiting this for Commercial Development , I will not upload any more
I can even take down whatever you want me to
As far as the Commercial Arrangement between 3P and TMI is concerned , I leave it to be worked out between you and Nirmit
However , our current understanding with Sentient Systems ( in respect of B2B ) is spelled out in following email exchange , as mentioned to you yesterday , during our meeting
If you need any other info , do not hesitate to phone ( 0-98,67,55,08,08 )
regards,
hemen parekh
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From: Hemen Parekh [mailto:hcp@recruitguru.com]
Sent: Monday, August 11, 2014 5:14 PM
To: 'Shuklendu Baji'
Cc: Nirmit Parekh; 'divyesh@3pconsultants.co.in'
Subject: RE: Revenue Share proposal

Shuklendu

That is right

hcp

From: Shuklendu Baji [mailto:shuklendu.baji@sentientsystems.net]
Sent: Monday, August 11, 2014 5:09 PM
To: 'Hemen Parekh'
Cc: nirmit@3pconsultants.co.in; divyesh@3pconsultants.co.in
Subject: RE: Revenue Share proposal

HCP Sir,

Thank you for the mail. I take it that ‘Out-of-pocket expenses’ only includes ccAvenue charges and NetCore charges. It does not include monthly maintenance charges paid to us.

Please confirm that this understanding is correct.

Thanks
Shuklendu Baji

From: Hemen Parekh [mailto:hcp@recruitguru.com]
Sent: Monday, August 11, 2014 4:30 PM
To: shuklendu.baji@sentientsystems.net
Cc: nirmit@3pconsultants.co.in; divyesh@3pconsultants.co.in
Subject: FW: Revenue Share proposal

Shuklendu,
I was lucky to find the following exchange of emails between us !
I stand by our understanding of sharing the Net Revenue ( after deducting out-of-pocket expenses / eg; Netcore charges ) , in the ratio of 75:25 between 3P Consultants and Sentient Systems
hcp


From: Hemen Parekh
Sent: Tuesday, May 07, 2013 5:45 PM
To: shuklendu.baji@sentientsystems.net
Cc: NHP
Subject: Revenue Share proposal

Shuklendu

Earlier today , Kailas forwarded to me your following email proposal :


 From: Shuklendu Baji - Sentient Systems [mailto:shuklendu.baji@sentientsystems.net]
Sent: 05 May 2013 22:38
To: 'hcp@RecruitGuru.com'
Subject: Apps Development - Arrangement

Hello,

You have been asking me to give my thoughts on what arrangements we can have for future apps and software developments, apart from maintenance of www.customizeresume.com.

I have considered following aspects of the engagement. We will be
1.     Responsible for software development
2.     Contributing our ideas to the design / functionality of the app / software
3.     Looking after technical support
4.     Sharing business risks

Considering these, i feel 25% will be fair share. The share should continue till the life-time of the software, since we will be contributing our resources up-front, in a partnership mode. RecruitGuru’s share will be 75%.

The current arrangement of Maintenance Contract for the web site will continue. Any changes required in the web site due this new development of apps/software will be covered in the Maintenance Contract.

Hope this is ok with you.

I will ask Nitin to give you project plan for the new combined app.

Thanks
Shuklendu

Shuklendu,

I am glad that you talk about “ in a partnership mode
But if RecruitGuru has to continue to underwrite ,

Ø  Server related costs

Ø  Bandwidth costs

Ø  Marketing costs

Ø  Other overheads

And also continue to bear the web site maintenance costs ,
Then I do not see how youshare business risks “ !
If we are to consider sharing 25% of the App revenue on a PERPETUAL basis , then there has to be some formula whereby the web site maintenance costs get progressively offset/reduced as the absolute amount of Revenue ( @ 25 % ) earned by Sentient Systems keeps rising
And let me elaborate the larger picture
Today it is just one web site and one ( combined ) app
And this web site supports the App
In the months and years to come , there will be many more Apps ( with or without corresponding supporting web sites ). Think of B2B and B2C , both of which have tremendous scope for earning money
Today , on our web site , ALL services to both , the jobseekers and the employers , are FREE
But , in the months to come , we may jointly decide to introduce some “ Revenue Model “ for one or more of those web sites ( Subscription model / Pay Per Use model etc )
We may even jointly decide to develop / market Enterprise-based Recruitment Software ( eg: Order Execution System – for which we have paid Rs 5 lakhs to Applitech – Ahmedabad , and for which , we have full software / documentation in our possession)
Over the last 23 years , RecruitGuru has not only accumulated vast / useful content but it has also come-up with path-breaking Intellectual Properties ( eg: Resume Parsing software , which got incorporated in www.RecruitGuru.com at a cost of over Rs 1 Crore = 10 Man-years of effort )
I am inviting your participation in exploiting this wealth for mutual benefit
As far as I can see , this collaboration between us , could well become a timely “ Business Diversification “ for Sentient Systems
In light of the foregoing , I request you to come-up with a formula as suggested earlier

Regards

Hemen parekh







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