How to build your first 2 online revenue streams:

(without knowing how to code)

A short 🧵

1/ Eliminate the "fallacy of expertise"

When you get started, you can't worry about "am I an expert?"

If you do, you'll never get started.

Instead, make a list of your accomplishments, big and small, over the last 2-3 years.

What skills did you learn during this period?

2/ Identify your interests

Inside of the list you just created, will be things you loved doing and hated doing.

Sorry, but misery doesn't scale.

Choose something you built skills in, that you also enjoy doing/talking about/writing about.

This will be your focus.

3/ Find the "you" from 2-3 years ago

Your goal is to find people who are just like you, but much earlier in their journey.

Where do they hang out online? Try places like:

- Reddit
- Twitter
- LinkedIn
- FB Groups

If you can't find them, use tools like @sparktoro to help.

4/ Create content

Next, it's time to establish credibility.

Here are some easy ways:

- Teardowns
- Tweet threads
- Step-by-step guides

Show the people 2-3 years behind you that you understand their challenges & have solved them before.

This will gain you a small following.

#PolicybazaarIPO Long thread: There is monetary printing by RBI, there is lending by banks & finally there is the Indian IPO. “Foreign owned” company with ~1 Bn investment is selling “Indian” unicorn to “savvy” Indians for $ 6.2 Bn. Want to know how this printing works? Let’s go-

The basics: Rs 6017 Cr being raised by new shares (Rs 3750) & re-selling (Rs 2267). Face value Rs 2 offered at Rs ~1000 per share is one of a kind. Who decides the price? Examine the valuation ladder below.
With ~$ 150 Mn invested till 2017, we see $ 525 Mn rushes in after 2018

So, a company valued $1 Bn in 2018 & $ 1.5 Bn in 2019 by key investors like Tencent, suddenly “needs money” in March 2021. Falcon Edge “invests” all of $ 75 Mn in March at valuation of $ 2.65 Bn.
Enter IPO bankers a couple of months later & they value the company at $ 6.2 Bn

Why does PolicyBazaar need $ 75 Mn just 6 months before IPO & give away 2.5 times in returns? And it doesn’t even use that money as the B/S reflects appx Rs 1000 Cr in cash lying around.
What kind of a favor is that? Why do they need US investment bank for this just before IPO?

Notice 50% rise in shareholding of promotors here & a 1: 500 bonus share issue. After all, how do you print money & still keep share price at “reasonable” Rs 1000?
Without bonus issue in June 2021, each share would have costed Rs 50,000. Heard of circular valuation?