Speakasia - Is the business model valid???

There is one of my friend Mr Pulkit (a business analyst) who posted some queries on my posts about speak asia on Moneycontrol Message board. I am just posting the queries and my replies written to him..

Request the readers to please post their own queries or reactions...  These will be eagerly awaited...

Get me the answer of few questions, which are never answered and, and dun message be4 u have the answers for these questions

1. Why was the company not registered in India when whole business model is based in India. I need a specific reason and any comparable you can find.

2. What amount, (plz no big talks, just figures), is being paid to the company per participant by its customers?

3. If they have business model, first requisite is `a projected P&L and BS`.. Plz share, from whr is the income coming, the expenses, the asset base. (repeating again, plz no bogus, just figures) (dun give me claims and big talks)

4. If company has made a business model, they must have tested the waters, plz share, what is the income currently earned by survey cos per respondent (suit urself, and take the best of them in india) (plz give figures for non analysed surveys, not the analysed ones) (also, mind to adjust it much downwards as this is an internet survey, not a physical one)

5. Indian census, the biggest survey in the world, surveys around 130 cr ppl, acc to speakasia, it shud cost (130*500=65000 crores) please check the cost of indian census, a physical, one on one, beauracratic, high cost, survey..

6. If you access to good news papers, please read this week`s sunday ET which talks abt the indian statisticians who do surveys in villages and analyse them, and do vast surveys which gives us our gdp estimates etc being underpaid.. U wud be surprised but they r pad Rs 30000 p.m. plz read thru it..

7. Last stop giving silly arguments and misguiding ppl  I have said enough.. I realised late tat I am trying to give logic to ppl blinded by greed.. I happen to read ur earlier posts and now I have absolutely no intention to even discuss with u nething.. The kind of ur earlier msgs, talking abt stock advisors, and cos promising gr8 returns on net not being picked and speakasiaonline being picked does not reflect well on ur intellectual acumen.. I have no intention to further discuss be4 my questions r answered.. And as for 20 lakh panelists funding the co. is all my argument about, is what a ponzi scheme is.. 20 lakh ppl funding a co. which gives reward points in exchange of filling surveys.. still no answer as to y was it not started in india, if it had to do business only in india.. An mnc or a co. present in different countries is non comparable, as they have businesses all over.. Mr Khanna, I am pretty acquainted with the kind of words used.. These r the same kind of words, e-biz trainers use..

and just for ur reference, please read abt charles ponzi and his promising postal scheme.. U wud find resemlences in SAOl.. So long, so good.. I am off this panel till I have legitimate answers to my questions.. Till then, bye.

My responses were 

The pointwise replies are as under. 

1. The company is now being registered in India as per today`s telecast on zee business. This was part of their original strategy which they had announced during Genx fair held in goa during 9-11 may and the reference of the same was given in the 16th May press confrence (Hope you have seen the press conference wherein the business model was briefly explained. .The company is getting registered with a base equity capital of 95 crores. and there are three subsidiaries planned. The first office will be in Goregaon , mumbai

2. This type of information you know can not be released by any company to anyone.Since you are a business analyst, I hope you should be aware of sensitivity of this information. This is the core business of the company and how can you expect the company to tell such sensitive data. Anyways you can refer the list of FAQs as published by SAOL on their website (http://t.in.com/6eoy )

3. The company`s current financial year has ended on May 31st 2011 and the audited results will be out within the statutory timelines soon. Their Auditors are one of the Big Fours. The previous years` documents are available on the singapre govt`s ACRA website.on payment of a nominal fees

4. Refer my earlier posts and no they were not big bogus claims . They are truly achievable numbers obviuosly no one can boast of such numbers from the company``s side officially but THIS IS what CONSUMER EMPOWERMENT is in its true sense. 

5. A employee in govt sector gets 50000/- salary and for the same post the same employee if works in privater sector gets salary of 90-100K. The remuneration totally depends on how big the overhead costs are. 

6. That`s why speakasia is here. Just to let you people and government know that if the benefits are passed to the end consumer directly without any middlemen you will be able to pay more and more so when everything is through latest web technology which saves a lot on time consumed and on logistics . The indian statisticians are paid less because the govt is not selling those survey results for commercial use to the big corporates. 



Arguments can go on and on but think with an open mind. Don`t act childish and open your eyes to a new revolution coming in INDIA. 

And No there is no greed here. I have been very logical in calculating the numbers as explained by this model This is going by pure mathematics but the people who have closed minds cannot think beyond the traditional ways which everyone has been following and hence they are shouting PONZI PONZI.... When Charlez Ponzi started the idea he failed because he was unable to handle large numbers. Now with advent of computing and internet and now upcoming cloud computing handling of large databases is not impossible at all. How does it matter if the company did not start its operations from INDIA. The company was testing waters in INDIA and after testing they had all the team and work plan prepared in advance which would have been executed even if media had not shouted. 

I hope you are satisfied now. If not , then please revert back. We can always have a chat on yahoo messenger / phone . My contact details are already with you. If you require it again , i will provide you. Trying to help you out of this mindset.... 

Regards 
Sanjeev