Watch Part 0 of this series here: th-cam.com/video/WY3WIE5NU1M/w-d-xo.html Watch Part 1 of this series here: th-cam.com/video/BOi2CU77FrA/w-d-xo.html Follow Backstage with Millionaires to remain updated with our latest developments. Twitter: twitter.com/bwmillionaires/ LinkedIn: www.linkedin.com/company/backstagewithmillionaires/ Instagram: instagram.com/backstagewithmillionaires/ Discord: discord.gg/XySGGhXKep
very excellent communication skills (compliment)...brief,rich information for the people who have just an idea for business ...i mean the whole cycle of this startup thing and how it works....great coverage of the many states and their startups imparting useful information of the current business world. Thank you.
buddy this series is great just keep going and please if possible increase the frequency and an additional request.....can you make a comprehensive video on the new quick commerce startups like dunzo , zepto , instamart etc please please i really want this one
Sure thing Yam, we’ll keep going with this series 🙂 Here’s the video we made on Why 10-Minute Delivery Startups Are Taking Over India’s Online Grocery Space th-cam.com/video/7rARKQD8HNU/w-d-xo.html -Caleb
@@backstagewithmillionaires thanks i like the straight to point approach in your video unlike some indian startup news channels which just over exagerate things
It’s commission-based. They take a cut of every order. EDIT: It’s possible that this isn’t actually what they’re doing, and that they’re actually intentionally not taking a cut of every order, and if this were the case they would be burning capital to keep their prices low to increase customer acquisition speed. Either way though, this a commission-based business model, even if they aren’t actively taking a cut right now. -Caleb
Definitely i wanna see And most of the people see but may be they are busy with other works of their own not commenting So do the next video definitely
We have just created our MVP, what should be our next step as we will need funding to sustain as it’s a tech project ? Where should we aply for angels and VC?
It doesn’t seem to be confirmed yet Devansh - media is throwing around the word “finalised” but we’ll wait until we hear that from the companies. Once it’s official I think they will make a proper announcement. -Caleb
I Love your content a lot. Thanks for giving so much knowledge. I don't know about others, but to me those fake stock footages are very distracting. Sometimes they shift my focus to something else and I have to rewind the video. You can just show yourself talking. That would be more authentic. Thanks again.
Hi Naresh, being on camera actually takes a significantly longer time to film, as I need to commit all of the lines to memory and present them to the camera without being able to read off of the script. This video alone took about 2 hours to film, and that was mainly off camera - being on camera would have at least doubled the time to 4 hours, so it isn't really a feasible option for me. But I appreciate you sharing the idea, and I apologize for the distracting visuals! We try our best to line the visuals up with the narration, but sometimes I know they sometimes don't align perfectly with what I'm saying. -Caleb
Super video. Highly informative for someone who wishes to enter into this exciting area. Would it be possible to let us know what is the failure rate in terms of percentage. For example, if an angel investor invests a total of 100 in 10 different startups, is there any indicative figure as to, in how many of those 10, he actually loses out
How do investors see the company started by couples? (There is a high changes of wrong doings. Also, what is the status of relationship. Are they committed/married. What happens when relationship breaks. There was controversy in shark tank india when ashneer grover asked about relationship between unmarried entrepreneur couple.)
Hey can you make a video on what knowledge do one have to start a startup. Or finding co-founders and what skills to look in them. For building MVP if we don't have a technical knowledge it isn't easy to hire a person to build mvp right. Can you make a video on this topic
Caleb , Don't you think we need a platform similar to Kickstarter to encourage innovation and entrepreneurship in India without expecting equity or anything in return ?
Good question! It's a nice idea, but I wonder if people would be willing to fund projects with no incentive? Trust in Indian startups is at an all-time low due to overvaluation, layoffs, and many startups going out of business due to unavailability of venture capital. Adopting a Kickstarter-style model might work though - offering early versions of the product, or some gift/trinket for lower-tier donations. The only issue is that India's current startup ecosystem is really not as hardware-centric as America's (even non-technical founders in US can just outsource to China without much backlash from consumers, but Indian startups will not pursue this for obvious reasons). Kickstarter primarily is a platform for hardware product startups, so maybe that's one of the reasons Kickstarter copies haven't taken off in India. India's startup ecosystem is mainly software, service, or web/app-based startups, and this doesn't work well for Kickstarter. But perhaps an Indian version of Kickstarter geared towards more homegrown hardware projects could *kickstart* a hardware revolution in India! That would be really amazing to see. India's hardware space is still so nascent, would love to see it take off. -Caleb
@@backstagewithmillionairesI am college student personally a hardware product ethusiast . But I have seen a lot hardware youtube hobbyist channels do have Patreon pages .Through which the viewers do contribute . But sadly people all people who build hardware won't be that willing to do the same.
🎯 Key Takeaways for quick navigation: 00:34 🚀 *Ideation Stage: Comparable to a newborn, it's the phase where a startup is just an idea without concrete plans or execution.* 02:27 📈 *Planning Stage: Founders map out their mission, strategy, potential revenue model, and startup culture, transitioning from the newborn phase to a crawling infant.* 03:48 💸 *Commitment Stage: The startup is registered, a shareholder agreement is signed, and the minimum viable product (MVP) is developed to attract early customers and potential investors.* 04:45 🌐 *Pre-Seed Stage Funding: Startups may self-fund, use personal savings, or resort to personal debt funding during the pre-seed stage. External capital may come from family, friends, or angel investors.* 09:20 👼 *Angel Investors' Criteria: Angel investors look for multiple founders, relevant experience, charismatic founders, and belief in the startup's viability before investing in pre-seed stages.* Made with HARPA AI
i think the whole EV market is making a mistake of branding themselves as 'ECO FRIENDLY' because lets be honest in INDIA no one cares as of now so instead they should just tell ev as just another property of bike or car and instead of playing a victim card of less tech advancements just go out there and compete with exsisting vehicals and compel people to buy EV just because its GOOD
Which is worse, under or overpronounciation? Either way people will complain 😂 correct pronunciation is ideal but very hard to pull off, especially in India with so many different languages. -Caleb
Watch Part 0 of this series here: th-cam.com/video/WY3WIE5NU1M/w-d-xo.html
Watch Part 1 of this series here: th-cam.com/video/BOi2CU77FrA/w-d-xo.html
Follow Backstage with Millionaires to remain updated with our latest developments.
Twitter: twitter.com/bwmillionaires/
LinkedIn: www.linkedin.com/company/backstagewithmillionaires/
Instagram: instagram.com/backstagewithmillionaires/
Discord: discord.gg/XySGGhXKep
Full series please... In detailed explanation 🔥🔥🔥🔥🔥 your content is awesome and informative. Additionally please make a video on your back story
Thanks for sharing relatable examples... helps bring so much clarity which enable us to visualise each stage and understand it! Cheers!
Thanks for explaining clearly.. Need part 2 of this video..
Awesome video from the wonderful series! This is going to be a great playlist.
Watching my first video after returning back to India!
Welcome back! Now you can finally see the developments that we talk about in our videos, unfolding in real time! -Caleb
@@backstagewithmillionaires haha. True! I used to watch it later in the day when I was in NY. Now I can watch it as quickly as I can.
very excellent communication skills (compliment)...brief,rich information for the people who have just an idea for business ...i mean the whole cycle of this startup thing and how it works....great coverage of the many states and their startups imparting useful information of the current business world. Thank you.
Yes part 2 needed
Awesome as always. Consider Part 2!
It was wonderful information that you shared!
Thanks dude
Kindly, make more videos in this series.
buddy this series is great just keep going
and please if possible increase the frequency
and an additional request.....can you make a comprehensive video on the new quick commerce startups like dunzo , zepto , instamart etc
please please i really want this one
Sure thing Yam, we’ll keep going with this series 🙂
Here’s the video we made on Why 10-Minute Delivery Startups Are Taking Over India’s Online Grocery Space
th-cam.com/video/7rARKQD8HNU/w-d-xo.html -Caleb
@@backstagewithmillionaires thanks i like the straight to point approach in your video unlike some indian startup news channels which just over exagerate things
Can you explain the revenue model of zepto? Is it commission based or subscription based?
It’s commission-based. They take a cut of every order.
EDIT: It’s possible that this isn’t actually what they’re doing, and that they’re actually intentionally not taking a cut of every order, and if this were the case they would be burning capital to keep their prices low to increase customer acquisition speed. Either way though, this a commission-based business model, even if they aren’t actively taking a cut right now. -Caleb
This is going to be a great series...please be as thorough as possible !
Please include some more statistical information if possible.
Thank you so much for good content, very valuable topic covered
Definitely i wanna see
And most of the people see but may be they are busy with other works of their own not commenting
So do the next video definitely
Looking forward for Part 2.
would love to see a whole series great video
Continue this series.
great information awaiting for part2
Good information want part2
Thank you so much for all the great knowledge!
Really, your presentation and explanation is soo good 😊
Amazing content.. Please keep it up.
We have just created our MVP, what should be our next step as we will need funding to sustain as it’s a tech project ? Where should we aply for angels and VC?
I'm also at this stage..im a solo developer with an awesome mvp in hand. What should I do next?
yes
are you guys not gonna talk about cred acquiring smallcase?
It doesn’t seem to be confirmed yet Devansh - media is throwing around the word “finalised” but we’ll wait until we hear that from the companies. Once it’s official I think they will make a proper announcement. -Caleb
We need the complete series.
I Love your content a lot. Thanks for giving so much knowledge.
I don't know about others, but to me those fake stock footages are very distracting. Sometimes they shift my focus to something else and I have to rewind the video. You can just show yourself talking. That would be more authentic. Thanks again.
Hi Naresh, being on camera actually takes a significantly longer time to film, as I need to commit all of the lines to memory and present them to the camera without being able to read off of the script. This video alone took about 2 hours to film, and that was mainly off camera - being on camera would have at least doubled the time to 4 hours, so it isn't really a feasible option for me. But I appreciate you sharing the idea, and I apologize for the distracting visuals! We try our best to line the visuals up with the narration, but sometimes I know they sometimes don't align perfectly with what I'm saying. -Caleb
want to see a part 2 please
Part 2 please
A Video on Debt Seed and Equity Seed funding please.
Super video. Highly informative for someone who wishes to enter into this exciting area. Would it be possible to let us know what is the failure rate in terms of percentage. For example, if an angel investor invests a total of 100 in 10 different startups, is there any indicative figure as to, in how many of those 10, he actually loses out
How do investors see the company started by couples? (There is a high changes of wrong doings. Also, what is the status of relationship. Are they committed/married. What happens when relationship breaks.
There was controversy in shark tank india when ashneer grover asked about relationship between unmarried entrepreneur couple.)
he is not talking about couples or singles, he is considering single means one founder or two founders; lol you taking in it wrong way.
I cannot find the part 2 of the series, can anyone paste the link of the second part here. Thank you
Thank You So Much
Hey can you make a video on what knowledge do one have to start a startup. Or finding co-founders and what skills to look in them. For building MVP if we don't have a technical knowledge it isn't easy to hire a person to build mvp right. Can you make a video on this topic
we really need part 2
nice info. part 2 please
Want Part 2 and 3 as well
Guy knows much about startups in India
We wanna see part2
Do a video on convertible notes
Is there a part 2?
Caleb , Don't you think we need a platform similar to Kickstarter to encourage innovation and entrepreneurship in India without expecting equity or anything in return ?
Good question! It's a nice idea, but I wonder if people would be willing to fund projects with no incentive? Trust in Indian startups is at an all-time low due to overvaluation, layoffs, and many startups going out of business due to unavailability of venture capital.
Adopting a Kickstarter-style model might work though - offering early versions of the product, or some gift/trinket for lower-tier donations. The only issue is that India's current startup ecosystem is really not as hardware-centric as America's (even non-technical founders in US can just outsource to China without much backlash from consumers, but Indian startups will not pursue this for obvious reasons). Kickstarter primarily is a platform for hardware product startups, so maybe that's one of the reasons Kickstarter copies haven't taken off in India. India's startup ecosystem is mainly software, service, or web/app-based startups, and this doesn't work well for Kickstarter.
But perhaps an Indian version of Kickstarter geared towards more homegrown hardware projects could *kickstart* a hardware revolution in India! That would be really amazing to see. India's hardware space is still so nascent, would love to see it take off. -Caleb
@@backstagewithmillionairesI am college student personally a hardware product ethusiast . But I have seen a lot hardware youtube hobbyist channels do have Patreon pages .Through which the viewers do contribute . But sadly people all people who build hardware won't be that willing to do the same.
Very well explained thanks
Second part please
thx🙏
🎯 Key Takeaways for quick navigation:
00:34 🚀 *Ideation Stage: Comparable to a newborn, it's the phase where a startup is just an idea without concrete plans or execution.*
02:27 📈 *Planning Stage: Founders map out their mission, strategy, potential revenue model, and startup culture, transitioning from the newborn phase to a crawling infant.*
03:48 💸 *Commitment Stage: The startup is registered, a shareholder agreement is signed, and the minimum viable product (MVP) is developed to attract early customers and potential investors.*
04:45 🌐 *Pre-Seed Stage Funding: Startups may self-fund, use personal savings, or resort to personal debt funding during the pre-seed stage. External capital may come from family, friends, or angel investors.*
09:20 👼 *Angel Investors' Criteria: Angel investors look for multiple founders, relevant experience, charismatic founders, and belief in the startup's viability before investing in pre-seed stages.*
Made with HARPA AI
How can a black owned startup get funding... I have a real opportunity with a real MVP but can't get any traction
No one gives a fuck that it’s black owned
Go after black owned VC firms
Get a vc list.. then start reaching out. I have friend that got turned over 200 times before getting his yes. He now drives a ferrari.
Hey dude just now watched your video on hyderabad it was great...where are you from though...? What's your native country...?
Grt vid 👍
Where we do connect to sponsor?
where's part 2??
a video on infra market an Indian unicorn which is not heard by anyone
😊👍
i think the whole EV market is making a mistake of branding themselves as 'ECO FRIENDLY' because lets be honest in INDIA no one cares as of now
so instead they should just tell ev as just another property of bike or car and instead of playing a victim card of less tech advancements just go out there and compete with exsisting vehicals and compel people to buy EV just because its GOOD
yeah the economics and saving money would seem to be a better value proposition for our Indian consumers while the ecofriendly is tagged by default
@@yanpvuokikon exactly buddy `
Suprised by the use of Indian examples
So selling ur startup basically mens getting money off ur child. 💀
Lol 😂 you can think of it as late adoption. -Caleb
😆
It's like getting them married off
You're killing us with these overpronounciations.
Which is worse, under or overpronounciation? Either way people will complain 😂 correct pronunciation is ideal but very hard to pull off, especially in India with so many different languages. -Caleb
Part 2 please