BC STARTUP
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Startup Bharat: @naval & @balajis

The full Clubhouse session in text

Thread Continued

 1/

Naval: The Boston ecosystem has always regretting that they've sort of lost these companies.

India has to make sure it doesn't lose as entrepreneurs. And the way to do that is to give them the freedom to innovate. Everyone should be an entrepreneur.
2/

Everyone has a phone should be able to get a job through the phone. There's one level beyond that, that comes after that, which is everyone has a phone, should be a creator for the phone. And that's what platforms are enabling.
3/

There's the old, famous New Yorker cartoon with a dog on the internet, on the computer and it says on the internet, nobody knows you're a dog. Well, yeah, on the internet, nobody knows who you are or where you are or what you are. All they care about is your output
4/

And that is incredibly liberating for a country that's so large and has such a good English speaking population, India can win, it just has to remove shackles.
5/

There's nothing to add. There are things to take away that are in the way of people who want to create excellent celebrity creators.
6/

Question by Vishesh: Right now, SaaS startups are big in India, like KhataBook and PagarBook, but do you think we need technology startups in India, like Open AI or crypto and VR also, how do we come up with new technologies?
7/

KhataBook and PagarBook are like payroll management and personal ledgers
8/

Naval's Answer: Elon Musk got started with Zip2. There's absolutely no shame whatsoever, and in fact, there's good things in doing the blocking and tackling SaaS company if that's your passion, or if that's what you're good at, you should go after that
9/

You don't have to try to, like push the frontier of AI. In fact, if you get a win under your belt and you've got some capital, then it makes it easier to take a bigger swing with the next one.
10/

Sam Altman before he did Open AI, he was at Whitefield as president of YC before that, but his company before there was Looped, which was the local locality social network.

Elon Musk, before he did Tesla and SpaceX, he did Zip2, which was like an online yellow pages.
11/

So it's, it's a natural progression for entrepreneurs. And I would argue, even for investors, sort of seeing myself. Is, we all start out doing the quote unquote easy stuff, the financial stuff, the SaaS, the consumer plate, etc.
12/

But eventually we get bored that we all want to do something bigger with our lives. And so that's when we start going into rocketry and aircraft and crypto and VR and AI and so on.
13/

This is a natural progression. It's got to work their way up the chain, uh, do all the SaaS stuff to your heart's content, make a lot of money, gain a lot of expertise and then go looking for a meeting, and then you'll create the next level of things.
14/

Balaji: I think that's right. And I think, in particular there's just zero shame in doing basic India clones. That's fine. Go and do that. Knock yourself out, execute on that.
15/

If we're good at execution and then the next step will be obvious once you've got that first one. And that first one, it's actually pretty hard to get.
https://t.co/nQll6YUcnZ

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The Story of Freshworks

Journey of the company from an idea to being one of the world's top Unicorns

A Thread


1/

For those who don't know, Freshworks is a company with various business products, which are easy to use. Freshdesk is a customer support software, freshchat is a customer messaging software, freshworks CRM is a CRM software.

2/

Freshservice is an IT service management software, freshcaller is a call center software, freshteam is a human resources software, freshping is a website monitoring tool, freshstatus is a communication software and freshsuccess is a customer success software

3/

Girish Mathrubootham is the founder and the CEO of freshworks. Previously, he used to work at Zoho Corporation as a Vice President and Director of Product Management. He also worked as a Product Manager at AdventNet Inc. for a time period of 4 years and 2 months.

4/

Shan Krishnasamy is also the Founder and CTO of the company Freshworks. He too used to work at Zoho Corporation as a technical architect. He pursued his bachelor's degree from TPGIT
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@athrvakhrbde
It's been 2.5 years now since I'm on antidepressants and many people closely related to me still believe that depression is something that's "just in the head"

Our society needs to seriously rethink of mental health. Our society needs to be educated

3 years ago, during my JEE prep, when I went into clinical depression, no one could diagnose me of it. I had every symptom of it.

I literally got no help. This is not about me, I'm telling this from a general 3rd person view.

Any help that I got was wearing a ring made of horseshoe of a black horse of a specific breed. All the blame was slapped on 'Shani'

I was being taken to orphanages and slum areas so that I could see that my ailments are nothing in front of theirs.

Loads of toxic positivity


I lived in a PG hostel. I used to go to institute. Used to meet numerous people everyday. But not a single person could diagnose me of any medical condition. Not their fault, even I didn't what I'd been going through
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Atharva Kharbade
Atharva Kharbade
@athrvakhrbde
This is the story of a guy named Alex, who made $1 million in just 5 months by selling pixels of his website's homepage, when he was broke

16 years later, now he's the CEO of a company worth more than $2 billion

Thread ↓

1/

Year 2005

Alex has no money in his bank account, and just after 1 month his classes at a three-year university are gonna begin.

Being really determined to avoid student debt, he pulls an all nighter to brainstorm on a question, "How can I become a millionaire"

2/

Twenty minutes later, he had his answer: Sell one million pixels of advertising space on a website for $1 each.

"I thought, 'This is one of those crazy, quirky ideas, but it just might work.I've got nothing to lose.' " says Alex.

3/

Tew already had some experience with website design, so with a paltry $100, he quickly bought a domain name and some basic web hosting services and had his website, https://t.co/APDYhSjFTQ, up and running in two days.

4/

The concept was simple: Businesses could buy 10x10 or larger blocks of advertising space for a $1 per pixel and place their logos and links on his site.
AMAZING
Atharva Kharbade
Atharva Kharbade
@athrvakhrbde
Part-II
Startup Bharat: @naval & @balajis

The full Clubhouse session in text

Thread Continued

16/

Naval: It's funny because right now there's like that dude, where's my flying car mean, which is like, we were promised flying cars, but instead we got, 280 characters, 140 characters, and there's some truth to that. But at the same time, We're going to get our flying cars.

17/

We have drones that are flying overhead. How long before those things are carrying larger and larger payloads, but carry humans all the way. Maybe not, but there's lots of other electric plane companies coming.

18/

We have electric cars, we have rockets. If you can look at like bird and lime and so on that electric scooter revolution, that's a bigger deal than people think.

19/

One of the big problems with a developing country like India is you just have horrible pollution and traffic. But you can see how over time that in the West, a lot of non-electric vehicles are being replaced by electric vehicles not because they're cooler or necessarily...
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The story of WOW! Momo

"Started from the bottom now we're here"
How WOW! Momo went from borrowing Rs. 30K, to being valued at over Rs. 860 crore


1/

Year 2008, classmates Sagar Daryani and Binod Kumar Homagai had just finished their graduation, and Sagar realized that he was too fragile in math to be able to clear CAT.

2/

But he knew that he's always been passionate about brands. He had Nike, Puma’s stickers/logos in his notebook (that's literally me!)

3/

Sagar and Binod originally got the idea of WOW! Momo after completion of 3rd year of graduation as they were waiting for their results at the age of 21.

They got the idea of WOW! Momo by observing the lady who used to sell tasty momos in front of their college

4/

Sagar and Binod used to research all night together. In the night Binod would make Momo and Sagar Daryani would make toss bread etc.
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198 engineering seats were available for every 1 lakh people in India. Of all states, Tamil Nadu has the highest per capita seats with 705 for 1 Lakh Tamil Nadu citizens.


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sumitgarg.eth
sumitgarg.eth
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I read two-and-a-half decades worth of Jeff Bezos’s Amazon shareholder letters.

It’s like a mini MBA.

Here I’ve pulled out a free guide for startups, investing, marketing, and “web3”🧵

(It’s a thread, not an ebook)


First, why the focus on web3?

It’s the mid 90’s. A 30-year-old Jeff Bezos is trying to raise money for Amazon. And investors are wondering,

“What’s this internet thing?”

Fast forward, the year is 2022, and folks today are wondering,

“What’s web3?”

Now, a little background…

In 1994, Bezos quit a well paying job to start Amazon.

It wasn’t an easy decision. But Bezos used his famous “regret minimization framework.”

In other words, he didn’t want to be 80 and regret not doing what he really wanted to do.

But what did he want?

Bezos didn’t set out to disrupt retail from the outset.

He simply wanted to come up with a business idea based on the internet and then let the internet grow around it while he kept working on it.

Today, that idea is worth $1.7 trillion and counting.

Moving on to the lessons…

Each year since 1997, Bezos has written an annual letter to Amazon shareholders.

These letters reveal a great deal of lessons and secrets behind his massive success.

So what are they?
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Elizabeth Yin
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@dunkhippo33
Last week, I wrote a thread about generating momentum for startups.

Today's thread is on how emerging fund managers can generate momentum for their fund.

Whatever you do, momentum is so impt to get ppl onboard -- for hiring, for sales, for fundraising.

Read on >>

1) First, why does momentum matter?

Think about it from the "buyer's perspective" -- it is almost ALWAYS better to wait and get more information if you can get the same deal. Right?

More info on a potential investment. More info on a new product. Etc.

2) There are few situations where it's impt to be a first mover.

If you're a product buyer, it could be you have a dire situation at your company that alternatives can't handle.

But if you have a decent alternative (alternative product or alt investment), it's better to wait.

3) That means it's YOUR JOB to create momentum. Whether for fundraising, sales, or hiring.

So with that in mind, how do you generate momentum for fund fundraising?

4) In a prior tweet about generating momentum for startup fundraising, essentially I said to limit your supply (the amnt you are raising) in tranches AND to increase demand by packing in mtgs.

Unfort this doesn't quite work well for funds.
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Sohaib 17 weeks ago:

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Sohaib now:

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Here are 7 simple things that helped me build a 25K+ audience:

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How I created a six figure business by only writing tweets in a third world country.

A thread on how a razor and $50 changed my life:


I'm by no means special, I'm actually stubborn as fuck.

English isn't my first language.

For months I just lurked Twitter not doing anything.

It was not until an opportunity literally fell in my lap that I decided to take it.

But here's how I did it (and how you can too):

The funniest part of the story is how I did literally nothing for months on Twitter.

Just write, write, write.

Meanwhile, I saw everyone winning.

"I made $100k last year!"

"I made $50k last month!"

"This tweet made me $1,000!"

I started asking questions:

"How the fuck do you make $50k in a month?"

"Clients? How do you get your first client?"

"What would my clients even pay for?"

Then I kinda put it aside and kept writing tweets.

100 followers, then 1k, then 2k then 10k and it all went pretty well

One problem tho:

I loved it.

I really did. Writing is so fucking dope to me.

But I haven't make a single cent from it.

Zero.

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