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 you “ share 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