WTF Ep# 16 | What character "flaws" make the best entrepreneurs? Nikhil ft.Ritesh, Ghazal and Manish
ฝัง
- เผยแพร่เมื่อ 22 ก.ค. 2024
- Virtues required to build a business today seem to have become a cliché. What often gets lost in the cracks are the subtle nuances that actually make or break a business. The importance of risk-taking and the power of a contrarian mindset in running a successful venture requires far more than mere intellect. Founders of OYO, Mama Earth, and Rare Rabbit open up about what makes them tick, from the impact of their upbringing on their ambition to the drive towards financial independence. Their experiences remind us that the real ‘secret’ to building a successful business is learning from every challenge and opportunity one encounters
We break down traits that seem to persist in high-performing individuals, not all of which come from a happy space. Financial insecurity and childhood traumas shape much of how we act and operate as adults. Watch this episode to learn about how when it is channeled the right way, it can prove to be the building blocks of the traits needed to build a successful business.
#nikhilkamath Co-founder of Zerodha, True Beacon and Gruhas
Twitter x.com/nikhilkamathcio/
LinkedIn: / nikhilkamathcio
Instagram: / nikhilkamathcio
Facebook: / nikhilkamathcio
#RiteshAgarwal - CEO of OYO Rooms
Twitter: / riteshagar
LinkedIn: www.linkedin.com/in/riteshaga...
Instagram: riteshagar...
Facebook: / riteshagarwall
#GhazalAlagh - Co-Founder of Mamaearth
Twitter: / ghazalalagh
LinkedIn: / ghazal-alagh
Instagram: ghazalalagh...
#ManishPoddar - Founder & CEO of Rare Rabbit
Timestamps
00:00 Introduction and Objective of this Episode
1:54 Who is Ghazal Alagh? | Childhood Learnings and Struggle
5:24 School life and Insecurities
8:02 Ghazal's special relationship with her mother
12:50 How life changed for Ghazal in high school
18:50 Why is Loyalty important to Ghazal
20:40 The Drive for Financial Independence
27:50 What does art mean to Ghazal?
30:10 What was Ghazal doing before Mama Earth?
39:25 How did Ghazal Identify an Opportunity in Skin Care?
46:50 Mama Earth’s early days of Product Development and Marketing
55:40 Mama Earth’s Sales Techniques & Customer Engagement
1:09:12 Nikhil’s Summary of Ghazal’s Journey
1:13:50 Introduction to Rare Rabbit
1:15:14 Manish Poddar on Growing Up in Bombay
1:22:35 The Textile Industry in Bombay during the 1970s
1:28:15 Experience working with the Family Business
1:36:00 Entering the export business
1:38:50 Insights on the European Fashion Industry
1:44:17 Dealing with Early Failures and Learnings
1:48:36 Culture of European Fashion Companies
1:55:45 What does it take to build a Fashion Brand today?
2:03:35 Importance of Embracing Risk in Entrepreneurship
2:11:03 What is styling?
2:12:10 Story behind Rare Rabbit
2:17:30 Does getting influencers work for brands?
2:19:15 What worked for Rare Rabbit?
2:24:05 What was the breakthrough point in Rare Rabbit
02:26:51 Hacks to start a clothing brand
02:37:05 Nikhil Summarises Manish Poddar Journey
02:38:30 Ritesh Agarwal Introduction: Calmness and Belief in God
02:43:00 How does Ritiesh define spirituality?
2:48:00 - How was Ritesh's childhood like?
02:51:00 Why is India's Cost of borrowing higher than other developing countries?
02:53:30 How did Ritesh's equation with siblings change over time?
2:57:28 How important is clarity of thought and being contrarian in entrepreneurship?
03:01:30 Where did the rebelliousness come from?
03:03:54 - How does Ritesh give feedback and solve problems?
3:07:16 What are Ritesh's personality flaws?
03:08:20 - Does delay in gratification make one successful?
03:13:39 - What does a 21 year old lack today?
3:19:10 - Uday Kotak's humility
03:23:10 - How did the Thiel Fellowship change Ritesh’s life?
03:33:50 - Serendipity Moments in Ritiesh’s life?
03:40:35 - What helped Ritesh deal with low days?
03:46:10 - How did OYO scale up?
03:53:00 - How did Covid changed businesses?
03:57:45 - Relationship with Softbank CEO
04:03:00 - Advice to Entrepreneur to Find Right Opportunity
04:12:00 - WTF Fund
To everyone who’s annoyed by the TH-cam ads like me :), we haven't turned on monetization. Comment and tag TH-cam below if you want them to pause the ads please..
Start a yt premium fund
Finally you said it😭😭😭😭
Its not a problem. We are sure u will use it for a good cause.
we have not see any ads in 4hours though there were 2ads before starting. @TH-cam
@@Finzace ads were in the between as well
Came here for Ritesh, got stunned & awestruck with Manish!! Hatsoff @nikhil well done!!
Same
Agree
Manish is gold
So true..no sob stories to sell..simply genius
" you never did secondary" what does that mean ?? Nikhil mentioned while talking to Ritesh..
Nikhil's intelligence shows in the use of words, the right questions asked, the ability to bring back the conversation the minute he thinks it's inclining elsewhere. Truly a gem! It's wholesome.
As a 19 year old my self I feel this piece of content is more valuable than a lot of things that I had studied in last few years. Its motivating and teaches a lot of lessons on entrepreneurship
I think this is the only podcast, I looked at the length of it and went, "yes!". Totally worth 4 hours of my life
ya mam same here.
Same 😅
Totally man!! 😂
In previous podcast many women did not speak much......Gazal spoke a lot. Which is always engaging n welcome
Manish is " old hustle " & " old money " That's probably why he comes across as more bold & brave .
Extremely grateful to Nikhil for creating such candid podcasts wherein he asks questions to such accomplished personalities like we do with our close friends. It's like having a seat beside them. No one in India would have the ability, access and confidence to do what he is doing and the way in which he is doing this! No fluff, absolutely pure insightful conversations! Thank you so much for this! India needed this badly! ❤
Very true!!!💯🙌🏻
I am a 26 year old sitting in my office in California, who wants to move back to India and start his business. Thank you Nikhil for this amazing content.
Manish Poddar speaks the language of business so fluently. His experience and the gravitas in his voice gives him an on point - go get it vibe!!!!
Nikhil's father will be proud of him looking from heaven to his son helping to other people without any benefit & raised him like a real HERO.❤
In a way Yes and No, given his present position in the society this show is almost close to "The David Rubenstein Show" equivalent for India...in some sorts...he has the money/wealth, the time and the intent of helping the future line of entrepreneurs. In that way absolutely YES...
No or perhaps NOT necessarily because his questions clearly across all his WTFs are for himself to learn in the process from the best in their respective domains and/or success stories. For him it is a wealth of information as his questions are far more deep rooted and intrinsic than any average journalist or media interview and that is clearly his mission as stated at the start of each show..if you notice closely there is a pattern that will emerge that shows Nikhil is trying to understand in real life from the experiences of others mostly successful individuals over the last 2 decades across domains and relate it some of the reading and research he is doing and has been for sometime now, on psychology books and perhaps older versions of behavioural impacts that make people successful...so he is getting SOMETHING that he clearly believes is not possible to validate besides understanding if anything that he has read or is reading is true...
its called altruism. he is obviously helping others while building his personal brand, which will eventually help his businesses as well. Like BoAT helping from Aman's brand on Shark Tank. Respect!
MINDBLOWN!! This is the most intellectual and raw content available for free on the internet I can't believe it. You are doing a true EDUCATIONAL charity via this! Me and many others aspire to become entrepreneurs and look forward to sit in your studio and have these conversation in less than 10 years from now! I am manifesting this today and this comment will be shown in that podcast!❤
Please continue doing this! GOD BLESS YOU from heart and sorry for your loss, RIP
Also your editor is so cool man, love the notes!!💌
2:45:00 Nikhil expression says it all, Ritesh is trying to mould his feelings by using him as an example and this guy caught it! I mean what a duo! These guys are lit
Subtly
Manish's way of laying out things on the table clearly demonstrates how much rich experience he is carrying with him. Thanks for inviting him as a guest. Much appreciated!
40:49 when he said "J&J I'll say it" and other people were hesitant, that's when you realise how secure he feels and actually he has the ability to say his mind without fear. Admirable.
He gets called at PM events, he's massive deal
He have earned his freedom. He knows he is safe both financially and politically. So even if some dispute were to happen and he loses some money he wouldn't care as he have liquidity in his funds while most other startup founders have their net worth in their company shares and there company are in loss. Liquidity matters
I really like the type of questions nikhil asked like from the very basic questions to advance properly tapping what we actually want to know not some unnecessary
storylines only
These days various podcasts of hours long talk about the journey,storylines and other unnecessary questions but only few of them talk quality
Which aligns with what a viewer want to learn and I believe this podcast in worth listening/watching in that sense, thanks for producing something that counts ❤
Moreover I really like that part when nikhil reframe his questions to ghazal about the process and really put effort in questions so that we can learn not from the bird's eye but the intricacies of it
I’m so intrigued and impressed by Manish- his experience, the way he communicates and thinks! I almost tried finding more about him
It is an entrepreneurship masterclass.. you don’t need to go a business school.. kudos to you Nikhil.
Idk from where I've heard this "The day Indians make entrepreneur sort of their HEROS rather than Bollywood we'll make it big." and it's happing now , at least for many of us.
Thanks for these WTF ep.
Kunal Shah
I am an impatient person and I end up listening to your videos that are more than 3 hours.That sure is a complement to the content you are building through (seemingly) effortless conversations. Very insightful and interesting, Nikhil. I love how you keep asking questions to simplify.
Gold Standard of Podcast. Nikhil is well so prepared host and also both Manish and Ritesh is authentic and so calm to listen
The way Manish's articulated his words and the way he spoke just left everyone awestruck 🙌
L
@sakkshamghanani I agree to some extent, because as he mentioned 3 - 4 cr in 1999 can be considered a good amount of money . I was like Bro even 4 - 5 lakh rupees was a very big deal back then
@@sakkshamghanani i understand that he is a rich kid, he never told he was poor. but is being successful while being a rich kid is not considered actually successful? should only rags to riches stories be entartained?
Why do people devalue people's success who come from a rich family? It's equally hard to make a brand @@sakkshamghanani
Looks like a therapy session.. I remember Nikhil mentioning about how much he loves psychology. It's a win win for him and the audience. He is enjoying being a psychologist (journaling their"guests" life journey)
And it is an educational piece for the audience.
That's how he is such a great entrepreneur
true, he literally is honing his psychology skills and learning through these podcasts. Man is becoming jack of all trades!
This is a very underrated and non obvious way to giving back to society. Thanks a lot @Nikhil Kamath
I am much older than 21, but I learned so much from all three of you in this podcast. It felt as though I was sitting at the same table, listening to each of you in awe. Thank you, Nikhil Sir, for this podcast. More power to you. Take care. 🙏
The segment about the Zara experience was the most eye opening one in the entire series so far
Nikhil putting Ritesh in an uncomfortable position at the start to get him outside of his comfort zone was such an Alpha move. Great hosting!
Even I felt th same. But trust me. Most genuine guys were on the podcast today. Kudos. You made my fours hours fruitful.
Very true... great @nikhilkamath
yeah right
When time ?
Only podcast I watched for more than 2 hours without break which actually led to sprain in my neck. Manish poddar’s story was incredible, so many insights !!
That “Thank you” from Manish to the person serving food warmed my heart.
This guy just keeps increasing the length of each podcast 😭
Ep100 - 100 hrs
Great work !!
100% would watch.
@@adamastrading2418Yeah I just completed the 4 hrs watch now😅
I’ll watch it
@@adamastrading2418 I just finished watching the 4 hr episode 🙃
😂
4 ghante ka episode...!! I am all here for it..!
got no other things to do in life?
This is learning
@@sleepingduty2987 i always have time to learn from entrepreneurs and their respective journey.
sure man, I am sure they did the same to be successful.@@mr.filmworm4018
same here
Came for Ritesh bhai and stuck to listen all , thank you ALL for great learning ❤❤
Never imagined I'd watch a 4 hour video on YT. Took me 4 days but the learning I take away is huge. Thank you!
My man's taking full fledged lectures now in the form of podcast, but genuinely appreciate the work man! Now we know why it takes so much time for you and the production to process and edit this video❤
Nikhil, ek hi toh dil h sir kitni baar jeetoge! Thanks for this 4 hours episode, next one should be of 5-6 hours! You got us all in it!! Thanksss❤❤❤❤
😂😂😂
Day 122 for asking WTF is manufacturing?
Everything is marketing
Bring protosphinkx as well
Agreed, we need this.
Hey! A 21 year old here, this is honestly the most empowering podcast, it leaves you feeling not so lonely as someone who’s aspiring to grow as an entrepreneur and trying to figure everything out, thanks for the guidance 😊
This is probably the best podcast episode you guys have done. I would even go ahead and say this is the best podcast I have heard. Watched every single second of it without a skip or a fast forward. This spoke so deeply to me and a lot of the points said were so normal and natural but never spoken about. What I loved the most is how Nikhil decoded everything almost like a therapist and refurbished it to a more understandable context. I see so much of Nikhil in myself.
I would love to be a part of the WTF Founders Fund. I don't want the money, I would much rather have that be given to someone who needs it more. I want the guidance and mentorship because with the right guidance I will be able to make the money.
I think this team is the most inspiring so far from all the podcasts... Also there's no other than Nikhil who cares about a 20 year old boy/girl and rooting for him to build a business... really i cant thank this guy more!! 😍
WTF has become my favorite podcast series now. I never thought I'd watch a 4 hours long podcast. It was completely worth my time. Such an amazing podcast, so much to learn.
One of the best podcasts available on entrepreneurship qualities. I not only enjoyed but thoroughly educated myself. I came here as I am in many ways Nikhil's fan as an intellectual (researcher, marketer) man but with this, you get to know his deep spiritual, psychological maestro side. how smartly he brought many things on the surface from others. Relentless is the word I am taking away with this.
I truly appreciate Nikhil’s efforts to make the podcast or discussion as simpler as it can be for the viewers out.
As someone who wants to start a business in 2 months, this is GOLD!
Which business you thinking to start varun?
Which business bro??
Hey man how is it going
I was listening to the podcast and thought would share what the difference between self confidence and humility is - self confidence is believing you can add to the conversation in the room ; humility is believing others ALSO could be capable of adding to the conversation in the room!
I am so so grateful to Nikhil Sir. Because of you young people like me in a small villageb of punjab can experience the company of successful people.
I genuinely want to appreciate the way Nikhil hosts this podcast. It is so very natural and unscripted but still sticks with the agenda. And of course the depth of questions is underrated.
Ghazal is everything that is traditionally looked at as barriers. An arranged marriage, no outside worldly exposure, child bearing. Really inspiring
Her true colors will come out one day!!! You can lie once or twice but habitual liars will get caught at sometime!!!
But beauty
@@Kathakathan11amen
@@samratyadav9268 Yadav joke amen? Did you convert for 5 rice bags ?
At least be an atheist,
Chose your idols carefully 😊
This podcast just featured the most incredible set of guests ever! Each one brought such unique perspectives and insights. Absolutely loved it!
One of the best podcast ever. Manish is my new role model. Transperant, Brave and calm mind. Accepting the truth during bad time instead of going into denial.
That "First Husband" part had me rolling 🤣
Have seen Ghazal part for today(an hour +) , her story feels so wholesome , the charm she holds , the hand movements while conveying things , and also thanking the guy so gracefully for serving food. I’m in awe
She's such a nice person. I'm glad her IPO did well. People who trolled her so much before the IPO have zipped it now.
yes...sell your everything and buy honasa share @@vas1594
She seems fake to me, she is face of the company just because of company's name otherwise it would have been different, you should see their media interviews you will understand. The fact that her husband worked in HUL would have helped them to get their initial product manufactured rather than cold calling or anything. No manufacturer would entertain a 21 yr old just like manish pointed out.
had called her on this podcast for business learnings not graceful hand movements and charm. stop simping atleast on here.
People of this country have a problem of hating on and trying to drag down entrepreneurs for no reason. The comments above like "She seems fake to me" are evidence of that petty mentality. There's a saying - everything is yellow to the jaundiced eye..
Kunal Shah (cred) , Sanjeev bikachandani , shantanu Deshpande from Bombay shaving company, with nikhil kamath.
Name: wtf does it need to sell product.
This will be one of best podcast.
Please nikhil and team!!
This is so refreshing. Loved to hear Ritesh talk. Incredibly inspiring.
This Manish Poddar guy is gold. Great story teller, made boring textile business so interesting. Had great work experience. I felt he shared all good nuggets.
From where does he belong to ?
@@Noproblem45 India
@@ps-gh3hu uska birthplace puch rha hu,iska jyada information nhi h net par
@@Noproblem45He lived in mumbai , initially he was living in kalba devi then he mentioned somewhere in the interview that thereafter he moved out to area name cuff parade
Learning about the impact of upbringing, the power of a contrarian mindset, and turning challenges into stepping stones is truly inspiring.Kudos to the Nikhil Kamat for bringing out these amazing stories. Can't wait for more episodes.So much to learn.
Nikhils word cloud model is legendary! One of the most efficient ways to learn about a person:)
I am crying, there's so much common in all of us entrepreneurs! Hearing this gives me hope that we can be as successful as them someday!
Just look at Nikhil how sincerely he was making notes….thank you man for putting so much effort to educating us….#gem
I love these discussions its like those which our families have during posh meetings with their buisness friends, unicorn founders and IAS officers which we tend to over hear when we were kids but are now introduced to them. So much nowledge is distilled in the form of an engaging conversation. I don't think we can ask for more honestly. Thank you Mr. Nikhil Kamath.
Nikhil Sir if you are reading this, i truly love the fact that you take the effort to record these conversations and how you developed a true positive win win situation for both you and your audience where you get to socialize in the way you love while being anti-social and we get our monthly dose of entertainment.
I'm 55 yr and learning, Nikhil is a wise person his questions are deep invoking thoughtful responses.
Nikhil’s questions are for encouraging people to build something on their own! Hats off
Probably one of the best episodes, watched all 4 hours in one go, so many valuable insights and lessons, thank you for this truly 🙏🏼
Thanks to Nikhil Kamath for this wonderful podcast. Ritesh you just poured your heart out. Can correlate with your deep feelings and sentiments..All Odiyas are of the same nature and have deep connection with the divine power and are God fearing . That's what makes them apart from others and loved by all . Due to the true in nature with great values Odiyas makes great Managers , HR professionals ,Social Development professionals etc .
Wow, You guys talked for 8 hours straight, much gratitude to making business knowledge more accessible.
I wish i had a friend like nikhil. The deep questions he ask & the answers he have, all this force you to think more & More.
This podcast equal to crash course on MBA & Psychology , So much to make note & adopt🤗
manish story can be a movie...NIKHIL is doing a great job. Thanks man!
Nikhil Kamath's podcast is incredibly insightful, featuring engaging discussions on finance and entrepreneurship with industry leaders. Highly recommended!😊
This is the best podcast I have ever seen. Soon gonna be entering my 20s and got to learn a lot which eventually changed my view also I got to know that I am a bit lagging and start giving more importance to life. Most entrepreneurs start in their 20s and I think more people like me will absolutely get inspired and motivated by this podcast. Thank you so much.
true bro
Loved Manish! His love for attention to detail, his resilience, immense ground knowledge and long term vision was overwhelming but at the same time makes you rethink the value system you are currently building on.
Manish sir's knowledge and experience is just amazing....and he is so particular about small small things as well
The comment section has already mentioned everything I want to say after spending 4 hours on this thing. Still let me repeat this is the best podcast that I have ever heard in my life ❤
Nikhil, please do a podcast with social entrepreneurs who have made it big in handloom. The challenges surrounding rural entrepreneurship that happens right from the villages of India. It is the current evolving market in fashion... A sincere request... I feel people don't talk enough about this sector 🙏🏼
In the era of 20 second long attention-span, geniunly thank you nikhil for bringing these podcasts. Loved the guests, your questions and final note about each guest.
One of the best podcasts and conversations out there. So inspiring. Took me 3 days to watch this whole thing but worth every second of the time spent listening to this. Thanks Nikhil for revolutionising podcasts in India. In case you’re reading this, I’d love to get in touch with you to talk about something which might be of interest to you.
Your podcast is an ocean of knowledge, which one can avail and get mentored by the Greats.
An Audio and Video Autobiography to be heard and seen, directly from the horse's mouth in Ghazal, Manish, Ritesh and Nithin himself
Great job bringing Manish Poddar to the podcast! Didn't know much about him. What a personality! The depth of his business acumen is absolutely fascinating. Kudos!
Nikhil sir makes best podcasts in India and not for money or fame but for true progress of India audience
bcoz he already has both 😂
😂@@IndiePclips
@@IndiePclipscorrect😂😂
Mee tooo
I woke up at 4AM today. It’s 8:42AM now. 2hrs into the podcast. Absolutely love it.
You are doing such a great work by brainstorming the entrepreneur and letting others to learn from it which won't be possible even when u spends lakhs in college. Keep it up
Nikhil's podcasts r out of box...no set questionnaire...probably the best for me ...when it comes to understanding things at a deeper level....keep doing
This has become a master class from a podcast, like 4 hours of just business stuff seriously! 🎉
Loved every word Manish said. Lovely to hear him talk about Bangladesh and Annisul Huq. Truly inspiring.
As a 21 year old also as person who wants to be entrepreneur this video has opened the frontal lobe of my brain 🔥🔥🔥
It's like the masterclass on entrepreneurship. Learned many things especially "how to think"and "risk taking ability" . Thankyou nikhil & team❤
That barsati conversation was so interesting. It actually takes a lot to be comfortable with what you have!
There are so many insights in this episode, relatable, yet to experience, breaking misconceptions, leadership skills, integrity, persistence... So on ..not just entrepreneurs, but this can help anyone willing to grow..
it's like a qualitative research that Nikhil is doing through his podcasts :) he is gonna write a book on these (I hope)!
That “thank you” at 1 hr 11 minutes. ❤. That won me over.
Ritesh is genuine and most calm people and sensible.
The depth to which these podcasts go is simply amazing. Even after 4 hour time elapsed so quickly. Keep them coming.
Absolutely mind blowing. Appreciate your efforts bro@nikhil. May be most of the crowd here agree with me I like the way you ask the question and the way you deep down with the concept and try to take out the real side or struggle of people.Manish, Ghazal and Ritesh you guys really doing a great job in your own way.
Bengaluru Boys🫶
What quality content you are producing! I am surprised that this type of content is not available here in Pakistan. You are way ahead of us, and I am learning a lot from you. The best part of it is that while watching the podcast, I realized that I'm present there.
The depth of analysis and knowledge of every entrepreneur life by Nikhil , The Jasoospreneur
Thanks Nikhil for actually giving non usual answers, I am 21 years old, I have been working on an idea and find these podcasts so much valuable. Love you!!
what was this intellectual breakdown in a very philosophical way where all the learnings from birth to circumstances navigating it towards such a beautiful word called “entrepreneur “.. what an W episode this isss🧎🏼take a bow yall.. what diversified beings where the truly show how humans can use language n story telling abilities n make such great companies in such capitalist world .. loveddd it💙🔮🌎
Thank you Nikhil, you are creating another level of education at TH-cam University. Thanks to our lovely guests who put their perspective.
Happy to see nikhil after a long time with fantastic guests...
Nikhil your instant questions in between is what makes the podcast more interesting
One thing i observed in Nikhil's conservation, he trying to break the complex terminology to general audience ... good one ...
In love with Manish's story and what he has built - amazed!
I just love this autobiography version of the podcast. I have been looking for this format for a long time. Hoping to see more episodes like this. It really helps to understand psychological patterns of success. Thank you so much Nikhil :)