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November 20 Venture Capital and Entrepreneurial Finance Course at IIM-BangalorePosting this information on request:-
IIM-Bangalore is conducting an executive program on Venture Capital and Entrepreneurial Finance from Dec 5th to Dec 7th 2006 at IIM-B Campus. The programme provides a broad understanding of the framework and entrepreneurial approach to financing of enterprises and will focus on:
For interested participants, here is the Contact Information
Executive Education Coordinator
Indian Institute of Management Bangalore
Bannerghatta Road, Bangalore 560 076
Phone: 080 - 26582450 Extn.3264/26993264/3475
Fax: 080 - 26584004/26584050
Helpdesk: 080- 26493264
E-mail: edp@iimb.ernet.in
Website: http://www.iimb.ernet.in
Fees:
Residential 30000
Non Residential: 23000 October 26 The F.A.M.E VentureF.A.M.E India is a non-profit organization working with differently abled children. The executive director/program coordinator of F.A.M.E India was a part of my class at IIM-Bangalore’s management program for women entrepreneurs (MPWE 2006). I did not give much attention to the organization or the work that they do until this August when I met my friend(s) again at the F.A.M.E painting exhibition at Leela Galleria. The fact that I had some spare time (read as weekends & weekday evenings) and the intention to help a non-profit encouraged me to think about my contributions to F.A.M.E. Incidentally, one of the board members contacted me to help them promote the sale of Diwali Diyas painted by F.A.M.E children at my workplace. And I decided to go one step further to arrange a F.A.M.E India product stall for two days at my workplace to help their fund raising initiatives. (F.A.M.E is trying to expand and they totally depend on private donations to run and maintain the place.) I don’t intend to brag but making this happen was no easy task. Permissions from the HR, Admin and coordinating for dates were quite time consuming and annoying amidst bschool apps and work. Thanks to one of my close HR friends, I didn’t have to run around too much. The product stall cum sale happened on 17th and 18th of October and ended up being a huge success. Diwali Diyas, cards, pen-stands, t-shirts etc were available for sale in the campus. Diyas were sold out even before the cartons were opened and we ran out of stock in the first few hours of the sale itself. While F.A.M.E staff tried their best to replenish the stocks as soon as they can, most of my colleagues had to go empty-handed. Nevertheless, they did make some good money and I was happy that I could contribute to such a noble cause. I am looking forward to be an effective volunteer at F.A.M.E India. The whole process of organizing the stall gave me an immense satisfaction and this kinda job probably is what that keeps me ticking. On the other side, while talking to my colleagues I also realized how helpful such stalls could be for folks working in the IT industry, esp during the festive season. They are crunched for time b/c of crazy work schedules; they hate to spend time in traffic; they don’t mind spending few bucks extra if products they want are available right within the same ceiling as their workplace/residence; and they do support such non-profit organizations in whatever way they can. May be some of us can tap this and provide tailored services to such folks??? Please do check out this website: http://www.fameindia.org/ October 18 What am I upto?Last month has been one hell of a ride for me. Work, helping friends with their bschool apps, my own bschool apps, info sessions, work, some non profit work and planning for my upcoming India tour have kept me and are continuing to keep me really busy. The whole experience has accentuated my pathetic time management skills. At this point in time, I know I will fail miserably at the bschool unless some kinda damage control mechanism is in place. So the next few days will again be a test run of how well I can implement these damage control measures. I have three application deadlines coming up this Nov and I am determined to give them my best shot. Let us see how it goes... September 05 My take on Entrepreneurship and the Galleria experienceLast Friday I happened to attend, what I would call, an advertising campaign for a recent venture launched by two women entrepreneurs, one an alumnus of IIM-Cal and other a teacher with over 18 years of experience. The event was hosted by Oxford Bookstore at the Cha Bar at Leela Galleria. I wanted to check out the event partly because of my growing interest in entrepreneurship and partly because of my recent & wise decision to not stay at work on late Friday evenings stuck to the computer. Moreover I wanted to catch up with my professor who happens to be the official advisor to the promoters and this was obviously a nice chance to network and have another take on the whole entrepreneur thing.
So as always, I reached the place 15 minutes ahead of time in spite of the Bangalore peak hour traffic and again as always I was the only one at the Cha Bar on time along with the promoters. Being early to an event like this always has its own advantages. You get to talk to the important people around and make an ‘impression’. The fact that I didn’t make use of the opportunity is a different issue. However I did try and do some social service distributing pamphlets to the gathering while the technical glitches related to the projector and the laptop were being solved. The campaign was a technical presentation on the service followed by a demo. It started off one hour late as per the IST (Indian Stretchable Time) and lasted for an hour. I am not going to disclose the details of the service in this post as I am not expected to do so. But however what struck me was the simplicity of the idea and the belief the promoters had on their idea. Their idea or service tries to address a hidden need which most of the school going children and their parents currently have. The venture uses an existing technology backbone and an existing concept to deliver a service. What impressed me was the passion with which these two women have carried forward their idea from conceptualization to implementation stage and the conviction with which they presented their service to naïve audience.
That in a way summed up what I have always felt entrepreneurship was all about. It is about having ‘an unshakeable belief in oneself/one’s idea and an intense desire to see it through all odds’. It is just about conviction and passion. This definitely didn’t dawn on me on that Friday evening. It only accentuated what I had realized during my interactions with some almost-seasoned, some amateur and some wanna be women entrepreneurs in the last few months, thanks to IIM-Bangalore. During all those interactions, case studies discussions and business plan presentations, a successful entrepreneur clearly came across as a person with conviction and passion. I lacked both during the presentation and hence lost the game… August 23 The Squirrel n Me..It was one of those usual weekday mornings when the morning sun gleams through my windows and forces me to give him a front door entry. The morning sun invariably cheers me up and leaves me in high spirits throughout the day. So as most of the days I dragged myself out of the bed and opened my door to let the bright morning sun in. Few tall coconut trees from the neighborhood spread their long leaves into our compound and adorn the front view from my flat in the second floor. When I opened my door this morning something on one of those leaves caught my attention. What I earlier thought was a small lump turned out to be a squirrel perching really high on the spine of one of those long leaves of the coconut tree. It was probably the same squirrel which used to haunt my doorstep quite often looking out for a crumb or a piece of fruit. I was awestruck at its ability to make its way till nearly three-fourth the length of the tapering leaf axis (probably 1-2inch in width) which was constantly swaying b/c of the wind. Squirrels, according to me, are the sweetest among the rodents on earth and I take pleasure in watching them. This morning was no different. I gazed at the creature, appreciative of nature's gift of mobility to this rodent and went back to my chores, thinking that it was resting on the leaf and enjoying the gentle swing. Sometime later while taking a peek outside, I realized that the squirrel was still on the axis of the leaf trying to figure out a means to get off the leaf. I could see it turning around a fixed axis but unable to proceed an inch further from where it was . The wind was getting stronger. The joy and calmness that had earlier enveloped the squirrel had vanished and only a sense of desperation was visible. I tried to call few people to reach out for the rodent but a busy Wednesday morning hardly gives time for such activities to most Bangaloreans. A strong wind soon threw the squirrel off the tree. I am not even sure if the squirrel survived the 25 feet fall though I hope it did. I will soon know if it doesn’t visit me tomorrow. Nevertheless, this incident did leave me thinking. Quite often in life, I have been like this squirrel. I have unknowingly taken the wrong roads in a hurry and have been left stranded waiting for instances & situations to throw me off balance. Few times some concerned souls have helped me reach the ground safe. I have endured difficulties, learnt valuable lessons and have moved on anyway. But I so wish I had made use of my sixth sense to assess the roads before embarking on the journey. That would have saved me so much of energy and time... August 19 Changing the tag lineRegulars at my blog might notice the change in the tagline. Earlier it read – “As I reach higher grounds…..” Well, I have now changed the tagline to aptly reflect my situation J
Vagabonding - That’s precisely what I have been doing for sometime now. I wish I were vagabonding across geographic destinations; I would have at least had the chance to live my dream life. Unfortunately, I have been vagabonding in my mind and it, in turn has affected all my activities. My mind, as I remember, has always been unbridled but hasn’t wavered like this before. I have hardly been able to pursue an activity at hand, have forgotten the wildest of my aspirations and am ever waiting to test new realms as they come by.
So for now, I am “vagabonding in search of better grounds…”- grounds that will probably fit me, grounds that will hopefully restore harmony in my life, grounds that will reduce the endless restlessness I undergo everyday. I do not know when the search will end but I do hope I find my ground someday. July 28 Feeling Nice..It has been a lovely week at work. Not that everything went fine. Lots of things were going wrong and I tried my best to get things back on track. After a long time, I am experiencing this immense sense of satisfaction at work. I finally feel I have discovered what the term "job satisfaction" actually means to me. Man, it feels wonderful.. July 19 Trip to BijapurLast weekend, we (9 of us from the team) went on a trip to Bijapur to attend a friend’s (colleague too) reception. I badly wanted to be a part of the trip because of the history associated with Bijapur. And it turned out to be a decent experience in spite of the 24 hours we spent on bus-travel between Bangalore and Bijapur and my ill-health. We visited the city of fortresses on Saturday. After a delicious Masala dosa and chai from Kamat, we set out to explore the city. First visit was to Gol Gumbaz, a famous historical monument, built around 350 years back by Mohammad Adil Shahi. It is an architectural marvel and houses the tombstone of Mohammad Adil Shahi and his family. On reaching the dome of Gol Gumbaz one can experience a panoramic view of the whole city covered with ruined/old forts and monuments. There is a museum and a mosque that is attached to Gol Gumbaz. The mosque was apparently being used for prayers during Adil Shahi’s period. The museum holds some antique artifacts. We got to see some household articles, Persian carpets, armours, cannon balls, 5 feet swords, Sufi paintings etc from Adil Shahi’s era.
The second stop was Ibrahim Rosa (spelt Rouza in some places) and it houses the tomb of Ibrahim Adil Shahi, another member from the Adil Shahi pedigree. Having decided to not hire a guide after our terrible experience at Gol Gumbaz, we started exploring the place on our own. We ended up taking pictures all around the place in many different poses. The place though undertaken by the archeological department still appears ruined except for the surrounding lawns.
We then moved on to see Gagan Mahal, yet another ruined monument, which used to house cultural events during Adil Shahi era. Final stop for the day was Malik Maidan which holds one of the biggest cannon structures preserved through the ages. The size of the structure and technology used to activate such a weapon left most of us overwhelmed. The real feast for the day was ofcourse the rich Khana at the reception, one of the best I have ever had. The Pani poorie and some of the sweets served will remain evergreen in all our memories.
Sunday’s agenda took an unexpected turn when the guys overslept. So the original plan to go to Badami was cancelled and we decided to explore some nearby places. Our first destination was a Shiv Mandir in the outskirts of Bijapur, a sculpture very similar to the one at Kemp fort Shiv Mandir in Bangalore. After a quick photo session and another quick visit to a Hanuman temple (a place frequented by our newly married friend), we proceeded to Almatti dam, 60 km from Bijapur. The dam site was a letdown with muddy water and dam gates that left us wondering if it would ever be open. But the snacks we had on the way to the dam view points were worth the visit for me. The damn also has a beautiful garden and an upcoming Stone Park with a small pond and boating facilities. Three of us went on to explore the upcoming park leaving the rest the gang that was interested in boating. The Stone Park appeared quite thematic for us. The sculptures that formed a human chain around a huge map of India, probably depicting people across the states and some carvings around the park depicting the life of people from rural India were truly amazing pieces of art. Finally exhausted and beaten down by the sun we headed off for a lunch. With no decent restaurants around and craving to taste food on a road side Dhaba, we got into one of those places where truck drivers and other rural people regularly hang out. I was all excited to try out a road side Dhaba for the first time ever and the experience turned out to be exhilarating. The food was awesome and the sweet lassi has no comparison. With a bus to catch at 8pm, we decided to head back to Bijapur and take a quick look at one last monument that we had left unvisited the previous day – the Barah (12) Kaman. Well the story goes like this- Mohammad Adil Shah’s son aspired to build a 12 storey structure that would eventually beat out the architectural splendor of Gol Gumbaz. The father not willing to let such a thing happen, defeated his son in a war and never let him realize his dream. Today the Barah Kaman remains with just the base floor and no ceiling. That completed our list of places to visit in Bijapur and we returned to Bangalore to start another hectic week at work. Breaking the SilenceIt has been close to 2 months since I have blogged. Well I have been lazy, depressed, gloomy and lost. But last weekend has been quite refreshing and now I have realized that it is time to gain the lost momentum. I plan to write few posts on leadership covering some topics that have been bothering me for sometime now. So do check the blog in the coming weeks. May 12 Kalpana Chawla - A LifeTouché movies and books hardly move me to tears. But "Kalpana Chawla - A Life" was altogether a different experience. So what was it in the book that elicited such emotions? Was it the fact that she was one of those few Indian women who break traditional barriers to reach for the stars (literally and otherwise)? Or was it that she perished while living her dreams? Or may be the abrupt end to a life that traveled beyond stars? Or a sense of loss even after 3 years? Or a helpless feeling when you come to terms with the power of fate? How else can one explain such a situation where few mins could have made a historic difference? While I am still wondering, I recommend this book to every Indian woman especially. The book and Kalpana Chawla's life stand testimony to the belief that one can reach for the stars someday if you have the desire to do so.
The book fails to quote the following words uttered by Kalpana Chawla - "The path from dreams to success does exist. May you have the vision to find it, the courage to get on to it, and the perseverance to follow it. Wishing you a great journey."
K.C – Truly an inspiration! April 30 Planning for the Business PlanTwo weeks into Phase-1 of the program and I already am fully accustomed to the student life at IIM. Just don’t feel like getting back to work after a week. The basics in the core subjects are almost covered – marketing, microeconomics, accounting and supply chain management. Corporate Finance or CoFin as the students here call it is scheduled for the coming week. We have had quite a few formal and informal sessions on Business planning and they have been extremely fruitful. The class is expected to have the roughed out version of our business plans on Monday. My plan is going to be on the non-profit sector and I am really looking at doing something big on it. I intend to start small and gradually grow with time. In the next few days, I will be working on getting my plan ready for the presentation that is to happen towards the end of May. There are quite a few areas which need to be sorted out and I will have to slog to make my plan a success. Well nothing comes easy. April 25 Marketing sessions at MPWERarely does a student get a chance to sit in a class that is both entertaining and enlightening. The marketing class handled by Y, one of the best Profs at IIM, has been quite such an experience. With three sessions done and one more to come, I already feel loaded with information. I have always strongly believed that marketing cannot be taught and one just needs to get his/her hands dirty and move on. So what is in store for a person with such a mindset at Y’s class? A perception change for sure :) Well, I agree that professors at such institutes probably would have covered the same case multiple times and are masters in their specialization. But what came out quite clear in the marketing class was the Prof’s passion for the subject and his ability to ‘Connect’ (in marketing terms ;)) with the class. Sure, most of the information is available in the books or the internet but such professors pass on the crux of any book/cases in a very short time and in a very impressive manner with added-assimilated insights. I wouldn’t have probably understood the Xerox Vs Canon case if it were not for Y and I wonder if anyone can teach the pillars of marketing and hence the essence of marketing like Y. I am so glad to be a part of this MPWE at IIM-B. May many more students get benefited from such institutions and such professors! April 22 Recent sessions at MPWE'06Case analysis:
After having read a few good books on the same, the theory was pretty boring. But the way GNP went about the sample case, the structured approach he used to address the issues was in itself mindblowing. The case was just a part of Robin Hood's story. Little did I know that I was going to learn about re-orgs, expanding enterprises and the importance of preserving an Orgs core objective when I first read the case.
Business Planning by AV:
The professors are pretty good in surprising people.Every prof seems to have a unique way of handling the class. AV, after having left us in groups for a case analysis, did not invite us for case-presentation but instead had a open house and still managed to get the crux of each presentation. The plan my group put up was based on my core idea and I managed to hold the class for a bit. That is cool aint it? Such things do boost your confidence :)
Decision Theory:
Either my expectations are high or the others have low expectations. Come on, you sit for 3 hours and learn only the most simple decision tree problem. Was a let down. But thanks to my buddy V, I was at least able to get more info. Given the detail in which this was covered, I dont think people will use it at all :(
Management Accounting:
No comments. Was more like a english class with definitions being discussed. Three hours and no calculations. I cant call it accounting. Was a let down again. April 20 Women Entrepreneurs Program - Prima FacieIIM-B has a "class" of its own. No denying this fact. Yday we had a debriefing in the morning. It was an icebreaker session. We are totally 69 women in the Women Entrepreneurs Program. The session started with recital of slogas by all and we moved on to some typical "getting to know each other" programs followed by some case studies. Everyone seemed quite enthusiastic in knowing about the rest of the class and were quite participative.
Some interesting profiles include - a medico working as a full time volunteer in a hospital, a Phd from IIT who is running her own consulting firm dealing with Carbon trading, textile designers managing their own firms and providing consultancy to other firms, another lady who runs a IT services firm that extends services to the construction industry in US, a very respectable school principal and a classical Bharatanatyam dancer who left her job with Infy to dedicate more time to her passion. Some participants are involved in Investment banking and some have travelled around the world. And there is a good mix old, young, loud, soft, energetic and intelligent women in the group. I dont think such diversity exists in any of the regular MBA classes at IIM. To me, it resembles one of those US B-school classes.
Women have really come a long way and looks like they are already set to create the real Big Bang in Bangalore and everywhere. But let me tell you, behind all these high aspiring women are their husbands and fathers who are constantly providing all the encouragement and support.
Btw, someone told me that I come across as a very intelligent and articulate person bubbling with energy. And I just smiled. April 18 Entrepreneurship and me - Curtain RaisingFrom today, I will be attending the Women Entrepreneurs program at IIM-B for the next one month. The program runs in 2 phases and we will have to present a business plan towards the end of the program. Today we had the inaugural function at Central Pergola Hall at IIM-B. Few participants already run their own businesses and few have plans to start something on their own sometime soon. Some are attending because they have nothing else to do and some are attending because someone else wants them to. Few are already in administrative roles and are looking at gaining some business knowledge. This course does come with the prestigious IIM-B tag and a lower cost. The reason that I am attending this program is threefold. 1. I will hopefully get to know the basic functional areas of Management which will sure help me when I am at my b-school 2. I will have a chance to network with like-minded individuals 3. I will get a certificate from the prestigious IIM-B. I have always wanted to be associated to this place. I work right across IIM campus and have been there umpteen times but those visits never give me a sense of belonging. I hope the next few days will change things. That apart, I do have plans to start off something on my own after few years. While I do not know what it is gonna be, I am clear on which section of the society my organization should aim to help. I intend to make use of this program and crack something solid. Who knows? This can just be a turning point in my life. Sad thing is that I will have to be back at work after slogging at IIM-B from 10 -5pm. Anyway it is back to classes again for the next few days. April 08 Random Flashes through my Mind1. Even if it is Michael Schumacher, he has to drive only at 5kmph if he is driving behind a bullock cart on the Indian roads; Bangalore roads are no exception. I, invariably, am submitted to such conditions once a week :(
2. Dogs respond to automobile horns much better than human beings. Humans just don't care for they know that their lives are precious to the automobile drivers. You can hit and run in a place like Bangalore during not so odd hours.
3. Economic Times, the newspaper daily, has a regular column - Spiritual Quotient. Though I kept thinking that this column in outta place in such a newspaper, I am interestingly finding the column very useful
4. Economic times is byfar my favorite newspaper.. Why?? If it is Economic Times, I dont end up reading stuff like blasts, suicides, robbery and accidents every morning. Who needs such a dosage every morning? Not me for sure.. I hate the sensex details on the newspaper though.
5. I just realized that some of us need 2 things to accomplish a task - internal push and external push. Self motivation is internal push, peer/family pressure is external push.
6. With the bird flu fear still continuing, water bodies are sure gonna be depleted of the fish species. Come on, I know restaurants that have stopped serving chicken and have still managed to retain the same number of non vegetarian customers because of the new and updated fish delicacies.
7. Best example of Six Sigma practitioners are the chefs of the restaurant that I frequently visit. They serve the same quality dishes every time.
8. Some big brand bookstores have horrible customer service. They can go places if they do something to enhance the buyer experience. They survive better because of the patience each customer exhibits.
9. Finally sitting in front of your comp on a Saturday evening is not all that boring if you are bitching about stuff :)
The views expressed above are totally personal. April 02 Uncertainties rule life..I have been on an emotional roller coaster ride since last 2 weeks. I have had no time to blog or even visit my own space. Well the sad news is that, I will not be attending school this year because of few things that have been going on my personal front. I have already emailed UNC about the same. Looks like I have to go through the same gruelling application process all over again in a few months time. But I dont have another way out. For now, my parents are totally supportive and that is the only solace. I have also started to rethink about my school options for next year.
While I havent even started bschool, I find myself dishing out advices to some friends on application process and post MBA issues quite often these days. At least I am glad that I can share some useful insights outta my experiences and info that I have gathered till now. Suddenly everything seems to have come to a stand still now :(
I was hoping to be busy with Visa formalities during this time but unexpected twists have forced me to have my hands stuck to the music keyboard. But let me tell you, music is such a relief. March 22 Road Ahead for Women at Work series @PGGIt is official. I am planning to do this series on "Women at Work" regularly at Pagalgirl.com. First article/interview is out and expectations are already high for the upcoming ones. I need to now decide whether this series is going to be only on interviews or if I should also be writing about women who break the drudgery of life to realize their dreams and about those who have the vision and persistence to redefine boundaries set for them. But I am sure I dont want to write about or interview women who are already common names like Sudha Murthy and Kiran Mazumdar Shaw. While it is great to have them as role models, I find it quite difficult to relate to them. Let us see how this series goes. My upcoming interview is sure gonna be different from the first one. I need to work on the frequency of posts too. If I keep doing this weekly, people might be wondering if I work at all. Little do they know that I spent time till 2am compiling the first interview before posting it on PGG. Keep watching the space at http://pagalgirl.com March 20 Just Did It..Today I took a small step ahead towards realizing one of my long cherished dreams - being a reporter. I have always wanted to travel around the world and report on the distinct cultures and people like they do in NGC and sometimes report from the war zone amidst spraying bullets. Well though I did neither today, I started off on a small scale interviewing one of the revered professors at IIM Bangalore and I will report on the interview shortly. It all started last week when Simba was talking about a blog at Pagal Girl. I wanted to contribute to the blog and do so in a very meaningful manner. Since the forum aspires to represent the voice of women, I suggested to Simba about starting a category on Women at Work (across industries). She agreed and my mind ran in all directions trying to figure out the next step. This is when the idea of interviewing a "woman of substance" hit me. Being in Bangalore across IIM-B has its own advantages. I have heard about the great professors at IIM-B and in particular about Dr.Rupa Chanda, Professor, Economics and Social Sciences Area. Last Friday afternoon, a very nervous me picked up the phone and dialed the no to her office to request an appointment and Bingo! I got to talk to her on the very first attempt. She was quite willing to meet me and talk about her experiences. I was thrilled. Come on.. I know my luck. I never usually get what I want at my first/sec/third attempts. This was sure a great start. I fixed up an appointment with her for 12.30pm on Monday, the 20th and hung up. I went through her profile few times and kinda prepared the questions that I intended to ask her. One of my best buds gave me his recorder that came in quite handy today. I left at 12.00pm this afternoon just to make sure that I have enough time to find her office and I eventually ended up waiting for 25 mins because it only took me a little over 10 mins to get there. I spent my time watching the future business leaders at IIM-B walking up and down and observing some plain facts like the male:female faculty ratio at the institute. At sharp 12.30pm, Dr.Rupa Chanda came out of her office to call me in. After giving her a brief about Pagal Girl initiatives, I started off with my interview that lasted for 30 mins. She echoed the voices of hundreds of women that are trying to balance work-personal life and weather problems at work. Excerpts of the interview will be reported at Pagalgirl.com soon. Give me a day to compile the stuff :). Check http://pagalgirl.com for the excerpts March 16 Human Resources: Getting it rightI bumped into an article which spoke about how army (Indian army here) as an institution imparts few lessons to the corporate world.
The first point was about recruting the best people for the job. This is something that has been bothering me for quite a while now and the article is making me wear my thinking cap once more. While, in general, the corporate recruitment process is of no comparison to the rigorous army-recruitment process, there are quite a few companies that do put their applicants through some sort of stress interview. I work for an organization where 100 applications are reviewed before closing in on one applicant for the post. Inspite of that, I see people who dont fit very well with the job.I can attribute it to the following few reasons:
Inspite of the stringent recruitment process, we still find resources that are a bottleneck to a project's performance at times. And I find such a scenario so very often. So now I wonder if such cases occur in the army? Well, when people work for an institution that calls for sacrificing ones life, issues like placement and interests are quite trivial. |
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