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Indian American Shaan Patel wins $250k investment from Mark Cuban

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Shaan Patel on ABC's "Shark Tank."

Shaan Patel on ABC’s “Shark Tank.”

(Diya TV) — Indian American Shaan Patel, who once scored perfectly on his SAT exams, appeared on the Jan. 29 episode of the hit ABC show “Shark Tank,” where he aced the show’s panel of investors as well—Patel pitched his education start-up company, 2400 Expert, and departed with a new business partner in Mark Cuban.

Cuban became the lone “Shark” intrigued with Patel’s idea after Kevin O’Leary, Daymond John, Robert Herjavec and Lori Greiner bowed out of the running. After entertaining Patel’s pitch for a $250,000 investment in exchange for 10 percent of the company, Cuban countered with a 20 percent stake of the same dollar amount—Patel runs the company himself, which now offers six-week SAT and ACT prep courses online and in-person, across 20 U.S. cities.

His hope is to see 2400 Expert expand into major markets, such as Boston, New York, and Washington D.C. In the four years of its existence, Patel told the Sharks that his company has generated $1.2 million in sales, adding that each year, the company’s sales have doubled. Even with the rapid growth, Kevin O’Leary expressed concern over how serious Patel’s passion for the company is—his aspirations to one day become a doctor led O’Leary to opine, “you can’t be a part-time entrepreneur.”

Fashion mogul Daymond John was the first Shark to withdraw, “I’m out,” John said, doubting the business’ ability to scale, soon thereafter, QVC queen Lori Greiner, and computer securities expert Robert Herjavec both passed. Both cited Patel’s “lack of direction,” for they thought he was undecided as well, between being an entrepreneur or a doctor.

Patel, a resident of Las Vegas, hadn’t always boasted the perfect score trophy he bears now. He scored average on his first attempt, but after more diligent studying, he was rewarded with the 2400 mark. Now, his company boasts thousands of clients whom have been accepted into Ivy League institutions, won millions of dollars in college scholarships, and have in turn, earned SAT scores of 2400. Despite his intellectual capacity, Patel said he was nervous, citing the fact that out of the 50,000 who apply to be a part of the show, approximately 100 are selected. And the Sharks are very savvy business minds.

“Not only was I going to pitch some of the most famous investors in the world, but I also knew that my pitch would likely air in front of millions of Americans,” Patel said. “When I was in the ‘Shark Tank,’ I noticed that the ‘Sharks’ are very, very smart. There is a reason they are so successful — it is not by accident.”

But Patel was happy with the outcome, and is excited about the idea of working alongside someone with the stature of Cuban—the Dallas Mavericks owner took his barebones businesses AudiotNet and Broadcast.com, and built them into empires. In the end, Broadcast.com was acquired by Yahoo! for $5.7 billion in stock.

“Mark Cuban is my business partner,” Patel said backstage, smiling from ear to ear. “That’s pretty cool.”

A long road traveled for a 26-year-old who went from living in a motel, to a Shark Tank victory.

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Indian Ambassador, Shringla speaks to U.S. Congress about Kashmir

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AMB. Shringla speaks to congress about Kashmir | Diya TV News

WASHINGTON (Diya TV)  — Indian Ambassador to the U.S. Harsh Shringla met with members of Congress at a private roundtable briefing, hosted by Southern California Congressman Brad Sherman. Sherman, who has been a supporter of India, took to Twitter recently to share his concerns about Kashmir and said serious questions about Kashmir were asked at the briefing.

President Trump is being urged to fix the H1-B visa process and do away with country-specific limits, with the latest effort for reform being spearheaded by 60 U.S. business school deans and CEO’s.

In an earthquake, seconds matter. So on the anniversary of the deadly 1989 Loma Prieta earthquake that rocked Northern California, state officials announced the launch of America’s first statewide earthquake early warning system.

Tabla Maestro Zakir Hussain will be coming to Boston next month to perform at the Berklee India Exchange, where he will also be conferred with an honorary doctorate by the esteemed music school. A Zakir Hussain Scholarship at Berklee is also being established.

And we have incredible video of three kids from India rescuing their dog from a snake that’s equal parts courageous and nuts.

Ravi Kapur contributed to this report.

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Federal Court rules Trump must turn over tax returns | Diya TV News

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Trump Tax Returns

NEW YORK (Diya TV) — A federal judge ruled President Trump must turn over eight years of his personal and corporate tax returns to Manhattan prosecutors, striking down the President’s argument that a sitting president cannot be criminally investigated. The ruling was quickly appealed and this case could end up in the Supreme Court to answer the constitutional question of whether presidents can be charged with a crime.

Meanwhile, the President celebrated a victory by FCC Chairman Ajit Pai, as a federal appellate court upheld most of the FCC’s repeal of net neutrality. It also ruled the FCC cannot preempt state net neutrality laws, meaning the rules of the road in states like California remain in place.

The U.S. House Foreign Affairs Committee announced their Asia-Pacific and Non-Proliferation Subcommittee will be holding a hearing asking State Department officials and human rights activists to chime in on Human Rights in Kashmir, the Tamils of Sri Lanka, Muslims in Assam and the human rights situation in Pakistan, which includes the Sindh Province.

Lockheed Martin announced they will build F-16 wings exclusively in India, helping in integrating Indian industry into the $165 billion fighter aircraft market.

Ravi Kapur contributed to this report.

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Tech CEO Pradyumna Samal convicted of large scale H1B fraud

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Pradyumna Samal

SEATTLE (Diya TV) — Tech CEO Pradyumna Samal was convicted of large scale H1B fraud. The CEO of two companies that supplied workers to companies like Microsoft and Amazon plead guilty to using fake documents to get H1-B visas. The Indian national Samal was sentenced to seven years in prison for what federal authorities say “was the largest and most sophisticated H-1B visa fraud scheme we have prosecuted in Western Washington.” 

Inder Singh, a Los Angeles-based Indian American community leader, has died. He was 86 years old. Singh was involved in the inception of a number of Indian American non-profit organizations in the effort to build a stronger relationship between the U.S. and India. Indian Ambassador to the U.S. Harsh Shringla said on Twitter that Singh’s contributions have been “significant and his leadership will be greatly missed.”

Indiaspora launched ChaloGive.org, their first online giving campaign that runs October 2nd to the 8th. The goal is to increase levels of giving by the Indian diaspora, inspired in part by the success of Giving Tuesday in the U.S. and Daan Utsav in India.

Ravi Kapur contributed to this report.

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