CTC vs In hand salary (per month)
Amazon: ₹44L vs ₹1.30L
Adobe: ₹45L vs ₹1.20L
Google: ₹45L vs ₹1.25L
Microsoft: ₹55L vs ₹1.25L
Meanwhile JEE Kid who assumed ₹8L/month salary after seeing ₹1 Cr international job offer
Gaurav Agrawal's journey is one of a kind
AIR 45 - IIT JEE 2001
IIT KANPUR CSE
Failed in one semester, graduated late
99.94%ile - CAT 2005
IIM LUCKNOW GOLD MEDALIST
Trader in Citi Group @ ₹1.25 Cr/annum
UPSC CSE 2012 AIR 244 - IPS
UPSC CSE 2013 AIR 1- IAS
Indeed a Prodigy
BITS Pilani's fees is 9.2 Lakh per year.
5 lakhs for studying there and 4.20 lakhs for the mental trauma you have to go through because of paying 5 lakhs
No. of companies coming to IITs-
Last Year vs This Year (till 6th December)
IIT B: 750 vs 450
IIT D: 650 vs 480
IIT R: 500 vs 593
IIT K: 519 vs 485
IIT G: 290 vs 165 (Core and Finance)
IIT KGP: 1000+ vs 749
Circumstances play a big role
Heirarchy of jobs (CSE)-
1 Quant Firms (Optiver, JaneStreet etc)
2 Top Software Companies (FAANG etc)
3 Middle Software Companies
4 Service Based (Infosys, TCS)
IIT B/D/K etc toppers go 1, average go 2
BITS/NIT toppers go 2, average go 3
For rest, toppers go 3, average go 4
Midjourney ($10B) is an iconic startup
$0 in funding
Runs on Discord
40 employees
Yet does $200M in revenue
Each employee drives in $5M revenue
An iconic company
GDP 2024
USA: $28T
India: $3.7T
India grows at 8% while USA grows at 6%
On top, it may seem India is winning.
Mathematics says otherwise;
GDP added per year:
India: $296B ( 8% of $3.7T)
USA: $1.68T (6% of $28T) ; (5.5 times)
PS: NVIDIA added $277B in one day xD.
Startups founded by BITS Pilani alumni:
1. SWIGGY($10.7B)
2. OFBUSINESS($5B)
3. BIGBASKET($3.2B)
4. GROWW($3B)
6. HAPPIEST MINDS($1.5B)
6. REDBUS($710M)
and many more.
1117 companies, 12 unicorns, raised more than $18.42B in funding.
UNREAL <3.
#bitspilani
#iit
#Engineering
Blinkit founder (Albinder) gave his 11/12th grade answer scripts to Zomato founder (Deepinder) to make sure he could pass exams
Goyal had 2 month gap between boards and IIT-JEE
He solved entire Irodov in that time
His score-
Maths: 10/100
Chemistry: 10/100
Physics: 100/100
These BITS Pilani grads have been giving Zomato sleepless nights! Read below to learn about the incredible story of their $10B startup (Yes, its Swiggy)👇
A little bit about the founder:
Zomato is reportedly paying freshers ₹1.6 Cr per annum with ₹60 lakhs as base pay for Software Engineers
This news will soon be published in newspapers and on social media
Lakhs of aspirants will get motivated for JEE only to realise only a handful get this type of package
BITS Pilani fees over years
1993-98:
Total Fees ~ ₹10,600 per year
(₹5k/sem & ₹300/sem for hostel)
2020-24:
Total fees ~ ₹6,00,000 per year
(₹2.5 lakhs/sem & ₹50k/sem for hostel)
That is ~15% rise in fees every year
Education inflation is real
Shark Tank India is going mad
Cheese Cake & Co is set to do ₹25 Cr+ revenue with 20% net profit this year.
Anupam and Aman offer them a valuation of 10 Cr!!
Seriously?
On a side note,
[boAt: ₹3300 Cr Revenue, ₹130 Cr loss, valuation of ₹10,000 Cr; 3x valuation]
Revenue-
Zerodha + Groww + Angel One + Upstox + ICICI Securities (Commissions):
= ₹15,500 Cr
Indian Government (Security Transaction Charge):
= ₹25,000 Cr
The real winner is always the government.
Went to a relative's birthday party a couple of days back
She asked me whether I drink, had a gf, been to a club etc
Upon listening to no to all of these questions, she was dissapointed and said I will die a virgin
She said she did all three.
I wished her 'Happy 14th' 👍
People in the comments got no chill. Everyone mentioning about that one lad who got into Quant/FAANG from average colleges.
Bhai exceptions are always there. But this is what happens most of the times.
Poor logic smh
No. Of Indian Startups whose founders graduated from the following institutes:
IIT D: 593
IIT B: 529
BITS Pilani: 454
IIT Kharagpur: 447
IIM A: 390
IIT D, IIT B, BITS Pilani - Top 3 institutes in India with regards to the number of startups created.
Blinkit is going crazy!
June 2022: Zomato acquired Blinkit for $569M
Questions were raised. It was a high cash burn segment.
Zomato's food delivery business wasn't profitable either.
Zomato's market cap went to $5B.
April 2024: Zomato's market cap: $20B, Blinkit: $8B
Crazy
I was talking to a girl when she said 'I wish PDA was legal in India'
I swear the first thing that came in my mind was 'PushDown Automata' and not the real one
CSE has spoilt me for real
Unacademy's CEO announced that there will be no appraisals for employees this year, while wearing a shirt that costs ₹33,000.
While I don't want to judge his lifestyle or how he runs his company, some things I've read have caught my attention.
A thread (🧵)
Companies that use Postman API Platform:
Microsoft
Meta
Oracle
Google Maps
Adobe
PayPal
LinkedIn
Uber
Slack
Intel
Stripe
Trusted by 98% of the Fortune 500 and 30 million developers worldwide.
More importantly, it is built by an Indian who is a graduate from BITS Goa!
Meet the BITSian Harish Bhat:
- Secretary ELAS '83
- President BITS Students Union '84
- IIMA Gold Medalist '87
- COO (TITAN)
- CEO & MD (TATA CONSUMER PRODUCTS)
- CHAIRMAN (TATA COFEE)
- Ex Brand Custodian (TATA)
- Advisor & Non Exec Director
- Forbes Top 10 CMOs in World
World's richest and their education:
Elon Musk: Economics
Bernard Arnault: Civil Eng
Jeff Bezos: CS
Larry Ellison: CS
Warren Buffet: Economics
Mark Zuck: CS
Bill Gates: CS
Larry Page: CS
Steve Ballmer: Economics
Sergey Brin: CS
CS and Economics dominate worldwide
Airpods Revenue vs Top Tech Companies (FY 2022)
Airpods: $15B
Intuit: $13B
Spotify: $12B
Airbnb: $8B
Twitter: $4B
Wipro, one of the largest IT company in India did $10B in revenue in FY 22
Apple Airpods is alone bigger than Wipro
Scale of Apple is unreal
Valuation of Zomato & Blinkit-
June 2022:
Zomato- $5B | Unprofitable
Blinkit - $569M | burn of Rs 150/order
Zomato acquires Blinkit at said valuation.
April 2024:
Zomato- $20B | Profitable
Blinkit- $8B | burn of Rs 15/order
Craziest turnaround in Indian Startup History
DLF sells all 795 luxury flats for Rs 5590 Cr within 3 days
Cost of 1 flat ~ Rs 7 Cr
An IITian with average salary of Rs 20LPA with 20% increment every year will take 20 years to earn that amount.
Tells you while job is great, it isn't enough for luxury.
Money burn't by startups daily:
Byju's: ₹12 Cr
Swiggy: ₹10 Cr
Meesho: ₹9 Cr
ShareChat: ₹8 Cr
Unacademy: ₹7 Cr
ChatGPT: ₹5 Cr
Most revolutionary product burns the least
Tells you why a good word of mouth helps
Number of Unicorn Founders and their Degrees
Dropouts: 56
Bachelors: 485
Masters (other than MBA): 259
MBA: 236
Doctoral: 286
Only 56 out of 1300+ unicorn founders are college dropouts (4.2%)
Don't let media fool you
Percentage of engineers in various esteemed professions
CEOs: 34%
IAS/IPS/IFS: 64%
Unicorn founders: 85%
Engineering are truly the best in everything they do!
Rich in USA-
Elon Musk: 12% stake in Tesla
Jeff Bezos: 10% stake in Amazon
Bill Gates: 1.3% stake in Microsoft
Rich in INDIA-
Mukesh Ambani: 50% stake in Reliance Gautam Adani: 65% stake in Adani Group Shiv Nadar: 60% stake in HCL
Indians like to keep business to themselves
Allen Solly, Louis Phillepe, Van Heusen, Pantaloons, Peter England
All these brands were owned by a single Indian company 'Madura Garments' which later got acquired by Aditya Birla Group
Keeping English Names of Indian brands develops trust
English in India is a status symbol
Ritesh Agarwal
Aman Gupta
Ashneer Grover
Anupam Mittal
Vineeta Singh
Amit Jain
All sharks have officially become content creators & influencers.
Is the creator economy the next big thing?
I've always wondered what makes engineers so good in almost every field
They don't study business, yet constitute 85% of unicorn founders
They don't study social studies, yet constitute 64% of IAS/IPS/IFS
They aren't trained in leadership, yet constitute 34% of CEOs
Continued
Net Profit ❌
EBITDA Positive❌
Adjusted EBITDA Positive✅
Congratulations Blinkit for turning adjusted EBITDA positive for the month of March.
Hell of a comeback!
1 crore weddings happen in India every year
23 Nov 2023 - 15 Dec 2023 (23 days):
>35 lakh weddings took place
>Generated business worth ₹4.25 Lakh Crore
>Doing math, average wedding in India generates ₹12L
Harsh Jain (Founder of Dream11)'s father was like a son to Dhirubhai Ambani.
Often called as the third son of Dhirubhai.
Even after that, he faced 150 rejections from VC when he tried raising funds from Dream11.
Perseverance is the key.
Founders of Puma and Adidas were brothers.
-Market Cap (2007)
Adidas + Puma: $22B
Nike: $26B (~1x)
-Market Cap (2024)
Adidas + Puma: $44B
Nike: $160B (~4x)
When brothers fight, the common enemy always wins.
If you enjoy doing something, do it
-regardless of its outcome
-regardless of what people say
-regardless of whether it's beneficial.
The only thing that matters is if it's harming you.
If it isn't, do it.
Just wrote a post a few days back about how Blinkit could be bigger than Zomato in a few years.
Today, Goldmann Sachs valued Blinkit at ₹119/share and Zomato's food delivery business at ₹98/share.
Zomato bought Blinkit for $569M.
Today it's valued at $13B (20x).
Incredible
BITS Pilani is ranked third after IIT Delhi, and IIT Bombay in producing the most number of startups.
The only non IIT/IIM in the list that too in the top 3.
What makes BITS so good in producing entrepreneurs?
#india
#iit
#startup
T-Series has 253B views till date.
Assuming a modest ₹50 per thousand views, its revenue from YouTube alone is more than ₹1000 Crores
The YouTube channel is an industry in itself
Iconic channel
Praggnanandhaa beats World No. 1 Magnus Carlsen in the second blitz game of the Superbet Rapid Blitz Poland event!
Though it's only a match, and not a tournament, it's still a matter of pride for us.
You don't often see an 18 year old beating the greatest chess player.
ezSnippet posted a new reel wherein he compared the course syllabus of IIT Bombay and Scaler Academy.
Someone tell this guy colleges are not placement agencies and offer much more than CTCs.
What about the alumni network, ecosystem and the exposure?
Warren Buffet sold nearly half of his $135B stake in Apple
His company now has $277B in cash and treasury bills
~3% of entire US treasury bill market is owned by Berkshire
Takeway?
✅Warren is cutting exposure to tech and is happy receiving 5% yields
Yahoo had the opportunity to buy-
Google for $1M (now worth $1.8T)
Facebook for $1.1B (now worth $500B)
Netflix for $4B (now worth $240B)
However, Yahoo said NO to all the deals.
Probably the worst set of decisions in corporate history
Mumbai, Delhi, Kolkata, Bangalore, Pune, Hyderabad, Ahmedabad, Chennai, Surat, Thane, Jaipur, Nagpur, Nashik
These cities make up 50% of India's GDP.
Thane, Nagpur & Nashik quite underrated for what they provide to India's Economy.
People say Mukesh Ambani is worth $123B but they don't realise how big that number is
Imagine he stops working today and somehow all his paper wealth turns into cash
He spends ₹1 Cr every day
It would take him ~2800 years to spend all his money
₹5000 Cr for him is not much
No. Of Employees laid off since 2022-
Byju's: 6500
Ola: 2300
Unacademy: 2040
Blinkit: 1600
Whitehat Jr: 1300
Vedantu: 1100
PayTm: 1000
One thing in common: All are loss making
When these companies try to become profitable, cutting jobs seems the only way to go
Sad but true
The concept behind leaving FAANG to teach people how to crack FAANG is not new.
-Craze of IITs/AIIMS:
Start of coaching empire in India
Valued at ~$13B
-Craze of AI:
NVIDIA makes GPU Chips
Valued at ~$2T
Old concept, new way:
Sell shovels when people dig for gold
HARVARD conducted an 85 year old study to learn what makes humans happy.
Answer came out to be: RELATIONSHIPS.
If you are spoiling your relationships for your career, think again.
Uber doesn't own taxis
Airbnb doesn't own rooms
Meta doesn't create content
Alibaba doesn't have inventory
Zomato doesn't own restaurants
6 of the world's top 10 businesses are platform businesses
Tells you a lot
Twitter wanted to buy Instagram for $550M
Sequoia wanted to fund it at $500M
The talks were ongoing, but it was Easter Sunday
They decided to finalize it on Monday
✅Zuckerberg comes in
✅Offers 2x money
✅Completes the deal by Sunday
There are no weekends in entrepreneurship
-6 out of top 10 ranks in JEE ADV 2023 are from IIT Hyderabad Region.
-Female topper is from IIT Hyderabad Region.
-Hyderabad zone has contributed 40 students in top 100.
AMAZING DOMINATION FROM TELUGU STUDENTS❤️!
#iit
#jeeadvanced2023
#jeeresult
#rank
#bitspilani
Universities in the World's Top 200:
USA: 56
UK: 25
Germany: 21
China: 13
India: 0
Some of the country's best including IITs/BITS were ranked beyond the 500 band
What's the reason?
Steve Jobs' is truly rags to riches
Born: Orphan
Age 21: Pioneered Personal Computer
Age 23: $1M
Age 24: $10M
Age 25: $100M
Unique vision that's inspired by excellence, beauty and brilliant design
Charismatic & Visionary Leader
Market Cap (2001)
NVIDIA: $2B
AMD: $8B
INTEL: $250B
Market Cap (2024)
NVIDIA: $2T (1000x)
AMD: $285B (35x)
INTEL: $180B (0.7x)
NVIDIA is the modern day king it seems.
🚨Microsoft fired its diversity hiring team.
🚨Zoom fired its diversity hiring team.
🚨Google and Meta have also reduced their diversity hiring programs.
The tech ecosystem is moving in a new direction.
Will it work out? Only time will tell.
Seeing every FAANG Engineer leaving their jobs to become influencers and creators is not surprising at all.
If you are a top influencer in any niche, you easily earn more than a FAANG engineer with much lesser efforts.
Richest Man: Elon Musk ($220B)
Highest Paid Employee: Sundar Pichai ($220M/year)
Sundar would take almost 1000 yrs to match Elon
Sundar is successful but to match a businessmen of his caliber is impossible
Entrepreneurs will always be richer than their equivalent counterparts
Lyft makes $4B without owning cars
Expedia makes $13B without owning hotels
Spotify makes $14B without owning music
Visa makes $32B without owning banks
Tells you something