Just realised that all these years Uber/Ola drivers in Bangalore used to chat on a conference call even while driving. And, that feature is now known as Clubhouse.
@peakbengaluru
3.5M weddings to take place this season in India. I’ve attended 3 already, 2 more to go. 2 of the grooms I chatted with have been meticulously planning their expenditures on excel by putting all their shopping on credit cards (they were not big CC users till last year) 1/2
2 founders sitting on the next table are having a heated argument on how to raise their next round — $4M on uncapped vs $6M on capped. Only in Bangalore.
In the last 2 months, I’ve come across the news of the untimely death of 5 individuals due to “cardiac arrest” (2 in mid-30s, 1 in 40s,rest above 50). All were doing fine with no history of serious ailments. Seems like a coincidence, but is anyone else seeing this worrying trend?
A 500 oxygen bed setup coming up in next 24 hours. In gurgaon. This team is incredible. Empathetic & helpful.
Also, transparent with where all the donation resources are being deployed. Do donate.
ANNOUNCEMENT
Incredibly excited to launch our oxygen centre that is coming up soon! So grateful to all of you that have made this possibly through your love, support and generous donations. More details coming soon
#HemkuntFoundation
#Covid19IndiaHelp
#COVIDEmergencyIndia
Last week i had a call with a friend after 4 years who is now living in France, doing a fellowship at a VC firm. In between, he did masters & lived in Sweden, Germany & Belgium. Became bartender for a year & started an anonymous newsletter on life sciences, deep tech. Life!
If hiring engineers is getting hard, wait till you hear about the search rate for “product designers”. I know at least 7 founders who are looking to hire top talent for this position.
If you’re one & on lookout for a great team, please DM. Happy to connect you with right folks.
Not only that. Few other folks I know are asking their relatives to transfer money to them so they can make the payments on their behalf via their CC. This reward points gamification is just growing through the rough. This quarter’s CC spend results will be interesting to watch.
1. Microsoft is making all of core GitHub features free for its user base.
2. Cisco is letting customers defer 95% of payments till 2021.
Strength of balance sheets.
Directors from ad background seems to have made better movies than regular ones;
1. Raju Hirani (3 idiots, Munna Bhai)
2. Shoojit Sircar (Vicky Donor, Piku)
3. R Balki (Cheeni Kam, Paa)
4. Nitesh Tiwari (Dangal)
Advertising forces you to understand the pulse of your audience.
Startups are hard, not only for founders but also for the employees who trade cash vs more esops. I looked at the numbers of zomato when it went public. Top 10 employees, their earnings, duration at the company & exp before it. On average, it took more than 10 years to get lucky
@shobhitic
Most folks lose money in F&O but every market participant who reads about it thinks that they are an exception & can beat the rest. Selling possible future opportunities :)
@Adithpodhar
I remember hearing
@gauravkapur
giving a perfect advice in one of the podcasts; in your 20s, instead of saving money, use it to invest in your self for reading, traveling & expanding your network. All that money will give you returns much more than MFs, Stocks, Banks.
18 years have passed, but, the recall value of this song is beyond imagination. If songs had a stock market, this would be in among top 10 YoY with a healthy global growth. There 2 more such songs which aged well above 20 years & still going strong.
When FB launched Platforms after raising money from Bill Gates in 2007, as per
@chamath
, Bill's reaction was - This isn't a platform. A platform is when the economic value of everybody that uses it, exceeds the value of the company that creates it.
We are currently at a profit run rate of about $20 million. Our profit target this fiscal is $60 million, Rs 450 crore. That’s more important than being a unicorn.
Great interview by
@manicontrol2020
&
@chandrarsrikant
Want to know how short is a 4 year time span?
Guy 2 (from L) went on to create a $3B startup.
Guy in the middle created a $8B FinTech rocketship.
Times change & how!
As a founder, do try & share your pre-seed/seed stage pitchdeck with your first 10 employees to establish trust. It makes them aware of what everyone as a team is trying to achieve & they'll come up with more insights around the problem statement.
Manoj said - Our principle at Reliance is very simple: Unless everyone makes money while working with us, you cannot have a sustainable business.
Superb profile.
If Tiger is there at the Series A/B++ rounds, these three entities in India have taken their strategy to the early stage. See these names on almost every cap table;
@TitanCapitalVC
,
@vaibhavbetter
&
@kunalb11
.
Nikhil is now actively involved with crypto, DAOs & SaaS while Rannvijay is hosting Shark Tank India & investing in startups.
MTV was always ahead of the curve & the alums are carrying forward that legacy.
Current popular recipe to build a Neo-Bank in 🇮🇳
✅"Crazy" Rewards
✅"Exclusive" Community
✅ Banking 2.0
✅ AI based smart suggestions
✅ No fee, with debit card
What else?
@Mittermaniac
It’s sad to see how many Ashwin has to sit out for no fault of his. But, this particular non-selection should hurt him. I’ll wait for his autobiography post retirement to understand what went in his mind while all this played out.
Pretty good list. Haven’t read many, myself. Books open up our mind & real life experience shapes them.
If you’re 17-24 YO, maybe running tight on budget, DM me your choice/address & i’ll buy one book for you.
Can do it for 3.
17 to 24 YO - Read these books:
1) Hyper Sales Growth
2) Zero To One
3) One minute Manager
4) Deep Work
5) The Lean Startup
6) Hard Things about Hard Things
7) Delivering Happiness : Zappos
8) Corporate Chanakya
9) 4 hour work week
10) The One Thing
Read ..Read...Read
Came across a bunch of posts last week on X & one common thing stood out - Zegna triple-stitch sneakers. Seems quite famous among the startup operators (across US & India).
Any thoughts on the sneakers
@dieworkwear
?
When
@HarryStebbings
wrote about 3X capital coming into VC in 2021, he was 100% spot on. In India, can definitely see early signs + unparalleled speed;
1. A serial entrepreneur is setting a venture on the lines of Sutter Hill. Startups will be incubated & after certain traction,
After a month's break, happy to announce that I am launching a new fund, "Pizza Ventures".
We believe that great founders are everywhere, and hence, toppings will be agnostic.
@harshmadhusudan
Happy to be biased - Chandigarh
Great infra, air connectivity to major cities, quality schools, parks across the city, 40 mins drive to nearest hill station, 4 hours away from Delhi, fine cafes with decent cost of living.
1. Raised $24 million in a seed round.
2. Latest investment values Jupiter at about $100 million.
3. The startup, which is currently in stealth mode, plans to officially launch its flagship product in July.
Some massive numbers.
Just received an invite for the inauguration of a pharmacy store.
So, how does one congratulate the owners on their new venture?
— May your business grow well & your customers ......
Fevicol - Till date I still don't know if this just a product in the category or a category in itself. Started by Balvant Parekh in 1959, currently sold in over 50 countries, it has virtually no competition even after 6 decades in India. 1/3
Freshworks CEO
@mrgirish
says Fixel showed up in Chennai for a meeting, then surveyed his first 200 customers and provided the findings back to the startup.
No one does a profile better than
@alexrkonrad
. Great read.
Only 1% can be without debt.
Only 1% can invest for long term.
Only 1% can delay gratification.
Only 1% can develop patience.
Only 1% can undergo pain and sacrifice.
So only 1% can achieve financial independence.
Areas that will go under sea change transformation this decade;
1. Finance - Our relationship with money.
2. College education - Skill development happening at 2-4X of current speed.
3. Work-life Balance - People working for multiple companies at once.
4. Growth of suburbs.
Customer delight practice by Amazon;
1. Promise order delivery by 4 days
2. Deliver it before 3
Roblox approach;
1. Buy a gift card
2. Giveaway a complimentary voucher with each gift card purchase
Underlying Principle - Underpromise & Overdeliver
As we set to assess the impact & companies reset their models, the first cut starts at marketing. The numbers will show on earning calls of Google/FB etc.
Case in point;
1. Airbnb spends around $800M/yr on marketing.
2. Bookings spends over $4B/yr on digital ads.
Wow! Supr the milk-tech startup was acquired for almost ₹200 crores ($25M +) by Swiggy. The financials were given out at the time of acquisition, last year.
Maybe news outlets can update this exit now.
@samidhas
@jaivardhan88
@poojasareen90
10 years can be life altering. Not many know that a decade ago,
@japanvyas
led an investment into One97 Communications, which was going IPO to raise ₹120 crore. The plan dropped but they created some history. Insane work by
@vijayshekhar
Big day
#Gurupurab
♥️
Life’s 3 guiding principles;
1. Kirat Karo - Earn a living with honesty
2. Vand Chako - Share whatever you have with the needy, less fortunate
3. Naam Japna - Remember the god
One of the most amazing stories in entrepreneurship originated from the revolutionary fervour of a man in Bengal. Nani Gopal had to flee Calcutta to avoid the British police and came to the US, where he took a job as a salesman & married an American schoolteacher
And quietly, both Zomato & Swiggy have significantly scaled down (down by 80%) the grocery stores from their ordering catalog. Swiggy only lets you order via genie (like Dunzo). Shows you how difficult grocery as a segment is even if you have a huge platform & delivery sorted.
India now accounts for YC’s second biggest pool of incoming startups after the US. These startups go to YC even if their market is domestic for network. Surprisingly, huge number of startups coming out of Israel that usually target the US market seldom go through YC.
Can see the same happening with
@domm
building
@fast
here, attracting investors
@abarrallen
& even recruiting great talent like
@anmolm_
, All on Twitter.
As
@eladgil
says, when you look at the fund raise journey of any once in a generation company, every successive round feels cheap in hindsight.
An upcoming trend that we should watch out for is the output of value per employee. Stripe at $95B has less than 4K employees.
We just raised a new round of financing to help support our international expansion and efforts to enable the global startup ecosystem. I’m particularly proud that it’s co-led by NTMA, the Irish sovereign wealth fund. Some new stats in article below too.
If you’re an Indian B2C startup your focus should now be to keep your users engaged till Sept.
With IPL being planned for Sep-Oct, Diwali(+Dhanteras=Gold buying) in November & big movie release (Ranbir kapoor & Amir Khan) in Dec, & then 2021, things will turn in your favor.
Is that
@WHOOP
on the wrists of Kohli, Surya & Siraj? All three are quite strict with their fitness. And Whoop is yet to be officially launched in India.
@NirantK
Capped = Investor will send a limited edition cashmere cap to everyone in the founding team. Special souvenir.
Uncapped = Investor will give you more money but no limited edition souvenir.
As always
@paulg
gives one of best pieces of advice but, why everything has to end at “learn to code”, even if you don’t like it or it just doesn’t excite you much after giving it a shot multiple times? Obviously, asking for a friend :).
Thanks to the coronavirus, college this fall probably won't be the experience you hoped for. But it will still cost just as much. Why not take a "gap year" and learn to program instead?