Just a small piece of constructive criticism. I love the barbershop and how organic these conversations feel. But at the same time I would love to get more value from the guests. As in more deep business questions being asked to them. To be able to get deeper into their heads as to how they look at different aspects of business and especially the 0-1 and 1-10 journey. A lot more how to questions might be able to bring more value. Other than that, been a long time subscriber and fan of the concept and really grateful for everything Shantanu is doing for the ecosystem. ❤
Thanks for the mention to the Analytics forms of early stage data analytics revolution in India…Mu Sigma and ZS Associates indeed were the hotbed of talent
Some interesting insights, facts, anecdotes and quotes: 1. Cash on Delivery orders accounts to at-least 50% in a typical ecommerce company 2. As per Chirag, the reason behind high cash on deliveries in India is more to do with "Customer Intent" than a logistical problem. what that means is - when the customer ordered the product he needed it but when it arrived he no longer needs it (may be it was an impulse purchase etc.) 3. Chirag opines that we typically focus more on finding/exploring solutions than in the problem discovery phase. He tries to overcome this problem by separating the two in the meetings - he will have a separate meeting for problem discovery and a separate one for finding/exploring solutions 4. Pessimist sounds right but optimist makes money 5. The brands which stayed for 20 years, the created value in the second decade is 90% and it is 10% in the first decade. the brands which stayed for 30 years - they created significantly more value in the last decade than the previous decades. So it makes sense for a company to choose a long-play game as the value created is disproportionally higher as the company ages. Similar thing for India as a country. We took 67 years to become a 1 trillion economy whereas 7 years for the second trillion and 5 years for the third trillion. 6. An Average founder in a great market > a great founder in an Average market. So it is always wise to choose the market correctly as other things will likely fall in place 7. It is difficult for startups to change habits of the people. better to ride on the wave created by giants. 8. A lot of people doesn't realize the law of compounding. A 10% MoM growth leads to 3x in a year. 9. The law of compounding has three variables - starting number, number of years and rate of growth. Of these, the rate of growth has the highest sensitivity. It doesn't matter what the starting number is.
Hey, this was good. Listening to founders who are starting up and building from scratch. Gives good insights and ground clarity about business. Also if you can share insights about what initial problem they face in starting up like raising funds, hiring founding teams and what mistakes they made will be more helpful keep building content for an entrepreneurship Indian decade🎉🎉🎉❤
I really appreciate you. You make awesome content I have got to learn many things from your podcast I aspire to be a management consultant currently I'm pursuing BBA from ip University Delhi I seek advice from you that what skills should I develop now in order to be management consultant and how can I get internship in companies like mckinsey BCG and bain &co.etc
Skills will come, you need to be in the consideration set first. Getting to top b-school in India/globally should be the goal for you. Bell the cat. From: Consultant, Bain
I stopped the video between @ 33:09, to share my feelings about Boat headphones Keywords because we have trust in Boat within that Price Point, which lies under our budget.
I don’t think so Working in india is like working for a factory that will make u work with less than minimum wage. No one india gets paid per hour. Example: A full stack developer in Bangalore with 5year work ex gets 30lakhs to 40lakhs a year but with no limited legal working hour. Which means he has to work 12-14 hrs a day. In USA a full stack developer with 5year experience earns 3-4crores with extra pay working above 10hrs a day. Plus they get ESOPs if they are really hardworking plus if u r in UK ur healthcare is covered u might even get a car, if u have kids their education is free. So it’s better to move abroad if u r hard working but if u want a start a company then india is better option.
I feel you are heavily discounting the cost of living component when comparing salaries. We might want to compare money saved instead of money earned for comparable lifestyles as a better metric. Also, lot of examples seem really specific to your case. Working in one of the countries mentioned, never came across any reasonable tech company paying overtime to a software engineer for full-time positions. UK, on the other hand also takes in a larger chunk of your earnings, so it becomes that much harder to be able to afford luxuries in life. For instance, a high quality higher-education for your children.
@@tushargupta2705 I m in uk and the cost of living is not as high as u think. If u stay in london u would pay 1500/person for one person but staying in a small town like Norwich where the rent is 200-300/person is very cheap. And I myself am able to easily save 60% of my salary. That 60% is a lot compared to wat u get in india.
Obviously, it would seem a lot of money if you convert it. What I meant is, my salary when I was earning between 30 -35 LPA fetches the same amount of luxuries or some times less as I have now earning 5-6x in dollars. Also, again you never make decisions based on 1 university, you would like to have options as broad as possible. Oxford is certainly not the best school for many disciplines. Anyways, I hope you can build a good life wherever you live. 👍
Hi sir...i like ur podcast a lot...but one kind suggestion...i feel if u discuss only about business economics company growth...would be better... discussion about common friends who audiences can't relate ...may make audience... little uninterested sir... Just now completed this episode...pl explain short form like COD MVP...not just full form sir...but how does affect company with some examples if possible sir ...really educative it was...
Cod tends to have higher RTO issues as compared to prepaid orders. In prepaid orders , customers are not buying out of whims or just for the sake of satisfying their wish to buy something. Because the payment is made before the product reaches them, they're more serious about it rather than the cod buyers. A lot of young kids buy stuff online on COD and then return it either because it's too expensive and their parents won't pay for it. Or they will return it as if they don't care.
Preferably by late 20s. That’s when the responsibilities are smaller and the risk appetite is higher. For a middle class guy post mid 30s the risk appetite should be small because your livelihood depends on it. If you have a backup and the basic livelihood is sorted, then any age is fine to fail.
I think indian startups are not focusing on pain point like jio had😂😂.And till this date jio is the biggest tech startup in india outside those it companies
Maybe your assumption. Fact is that no amount of money can compensate for lack of democratic credentials, poor individual security, corruption and a sence of many freedoms.
I respect this show a lot but....Bombay Shaving Company ke deodorant mein dhoka zyaada aur deo Kam Hain. Aapke products se zyaada value aapke podcast mein hain 😎.
1:04:23 stat presented by guest India $3-3/13 trillion GDP 1st Trillion took 67 years 2nd Trillion took 8 years 3rd Trillion took 5 years Total: (67+7+5) 80 years Total time as of 2023 since Indias independence: 75years Bhai tum IIM/IIT/McKinsey se ho to baaki janta ko sarrey bazaar chutiya banaogey?
Very boring. This is my first podcast of yours. You are discussing your internal company people. Zero insights for audience to learn. Please revisit the purpose of your podcast.
![ง้อ (ALRIGHT) - FOURTH Prod. by URBOYTJ [ OFFICIAL MV ]](http://i.ytimg.com/vi/Qs8ZeV6Dqj8/mqdefault.jpg)
Just a small piece of constructive criticism. I love the barbershop and how organic these conversations feel. But at the same time I would love to get more value from the guests. As in more deep business questions being asked to them. To be able to get deeper into their heads as to how they look at different aspects of business and especially the 0-1 and 1-10 journey. A lot more how to questions might be able to bring more value.
Other than that, been a long time subscriber and fan of the concept and really grateful for everything Shantanu is doing for the ecosystem. ❤
Thanks for the mention to the Analytics forms of early stage data analytics revolution in India…Mu Sigma and ZS Associates indeed were the hotbed of talent
where is the mic?
There is absolutely nothing wrong in saying that Indians have a lot of time...
Some interesting insights, facts, anecdotes and quotes:
1. Cash on Delivery orders accounts to at-least 50% in a typical ecommerce company
2. As per Chirag, the reason behind high cash on deliveries in India is more to do with "Customer Intent" than a logistical problem. what that means is - when the customer ordered the product he needed it but when it arrived he no longer needs it (may be it was an impulse purchase etc.)
3. Chirag opines that we typically focus more on finding/exploring solutions than in the problem discovery phase. He tries to overcome this problem by separating the two in the meetings - he will have a separate meeting for problem discovery and a separate one for finding/exploring solutions
4. Pessimist sounds right but optimist makes money
5. The brands which stayed for 20 years, the created value in the second decade is 90% and it is 10% in the first decade. the brands which stayed for 30 years - they created significantly more value in the last decade than the previous decades. So it makes sense for a company to choose a long-play game as the value created is disproportionally higher as the company ages. Similar thing for India as a country. We took 67 years to become a 1 trillion economy whereas 7 years for the second trillion and 5 years for the third trillion.
6. An Average founder in a great market > a great founder in an Average market. So it is always wise to choose the market correctly as other things will likely fall in place
7. It is difficult for startups to change habits of the people. better to ride on the wave created by giants.
8. A lot of people doesn't realize the law of compounding. A 10% MoM growth leads to 3x in a year.
9. The law of compounding has three variables - starting number, number of years and rate of growth. Of these, the rate of growth has the highest sensitivity. It doesn't matter what the starting number is.
Thanks for writing these
@@adityachary5534 welcome
Hey, this was good. Listening to founders who are starting up and building from scratch. Gives good insights and ground clarity about business. Also if you can share insights about what initial problem they face in starting up like raising funds, hiring founding teams and what mistakes they made will be more helpful keep building content for an entrepreneurship Indian decade🎉🎉🎉❤
bahat mazaa aya .. chirag's personality comes out so beautifully through your unwrinkled way of probing.. good 2 hours spent!
really love the conversation ,would also like to have subtitles in English for better understanding.
You know it right!! You are awesome!
First 6 mins we had Amazon leadership principles ownership, dealing with ambiguity ( are right a lot) , earn trust. As an Amazonian great to see this.
Chirag shared " gtm nikalna aata h" A brief about that would be helpful
Wonderful conversation. Lots of takeaways for me. Thank you Shanthanu.
I really appreciate you. You make awesome content I have got to learn many things from your podcast I aspire to be a management consultant currently I'm pursuing BBA from ip University Delhi I seek advice from you that what skills should I develop now in order to be management consultant and how can I get internship in companies like mckinsey BCG and bain &co.etc
Skills will come, you need to be in the consideration set first. Getting to top b-school in India/globally should be the goal for you. Bell the cat. From: Consultant, Bain
I stopped the video between @ 33:09, to share my feelings about Boat headphones Keywords because we have trust in Boat within that Price Point, which lies under our budget.
Yes! people get confidence when they watch that the other person is very similar to them
I work in the non-profit sector and even I enjoy these talks!
I don’t think so
Working in india is like working for a factory that will make u work with less than minimum wage.
No one india gets paid per hour.
Example:
A full stack developer in Bangalore with 5year work ex gets 30lakhs to 40lakhs a year but with no limited legal working hour. Which means he has to work 12-14 hrs a day.
In USA a full stack developer with 5year experience earns 3-4crores with extra pay working above 10hrs a day.
Plus they get ESOPs if they are really hardworking plus if u r in UK ur healthcare is covered u might even get a car, if u have kids their education is free.
So it’s better to move abroad if u r hard working but if u want a start a company then india is better option.
I feel you are heavily discounting the cost of living component when comparing salaries. We might want to compare money saved instead of money earned for comparable lifestyles as a better metric. Also, lot of examples seem really specific to your case. Working in one of the countries mentioned, never came across any reasonable tech company paying overtime to a software engineer for full-time positions. UK, on the other hand also takes in a larger chunk of your earnings, so it becomes that much harder to be able to afford luxuries in life. For instance, a high quality higher-education for your children.
@@tushargupta2705
I m in uk and the cost of living is not as high as u think.
If u stay in london u would pay 1500/person for one person but staying in a small town like Norwich where the rent is 200-300/person is very cheap.
And I myself am able to easily save 60% of my salary.
That 60% is a lot compared to wat u get in india.
@@tushargupta2705
The fees for a uk resident in Oxford is 10,000£/year for any course.
That’s not bad
Obviously, it would seem a lot of money if you convert it. What I meant is, my salary when I was earning between 30 -35 LPA fetches the same amount of luxuries or some times less as I have now earning 5-6x in dollars. Also, again you never make decisions based on 1 university, you would like to have options as broad as possible. Oxford is certainly not the best school for many disciplines. Anyways, I hope you can build a good life wherever you live. 👍
Loved the way the podcast is being shot.valuable podcast
How to find a large market with good profit pools?
Lovely conversation! @Shantanu: when are we catching up? :)
At 1:55 in the night thought that I will rush through this video and see what shantanu and chirag are upto... now its 4:05 😞...
Rohit Bansal has raised more than snapdeal lifetime revenue
Hi sir...i like ur podcast a lot...but one kind suggestion...i feel if u discuss only about business economics company growth...would be better... discussion about common friends who audiences can't relate ...may make audience... little uninterested sir...
Just now completed this episode...pl explain short form like COD MVP...not just full form sir...but how does affect company with some examples if possible sir ...really educative it was...
Another gem 🎉
Thanks for insights Shanthanu and Chirag ❤
Suggestion: subtitles
Why eCommerce companies have issue with CoD ?
Cod tends to have higher RTO issues as compared to prepaid orders. In prepaid orders , customers are not buying out of whims or just for the sake of satisfying their wish to buy something. Because the payment is made before the product reaches them, they're more serious about it rather than the cod buyers. A lot of young kids buy stuff online on COD and then return it either because it's too expensive and their parents won't pay for it. Or they will return it as if they don't care.
1:10:50
fail early means at what age??
Preferably by late 20s. That’s when the responsibilities are smaller and the risk appetite is higher. For a middle class guy post mid 30s the risk appetite should be small because your livelihood depends on it. If you have a backup and the basic livelihood is sorted, then any age is fine to fail.
@@ShankarBalachandran insightful. Thanks for sharing your thoughts!!
People move out because of quality of life not just money.
Video Dekh le.
@@shantanudeshpande did
Ye Tha insight? :)
🎉
I think indian startups are not focusing on pain point like jio had😂😂.And till this date jio is the biggest tech startup in india outside those it companies
Who's shanky?
Chirag is using Amazon principles more than Amazon employees themselves 😅
Going out of India Is not good? Earning in Dollor Or other Currency then In ₹. ???
Gift was from beer at barbershop
Sorry great founder, would serve you longer across market changes & industry changes
But in India, politics is f@@@@d up.
Blaming each other, chaos everywhere 🤦🏻♂️
Maybe your assumption.
Fact is that no amount of money can compensate for lack of democratic credentials, poor individual security, corruption and a sence of many freedoms.
Shantanu is high!! 😂
Still cod coz we still have larger chunks of black money
I respect this show a lot but....Bombay Shaving Company ke deodorant mein dhoka zyaada aur deo Kam Hain. Aapke products se zyaada value aapke podcast mein hain 😎.
1:04:23 stat presented by guest
India $3-3/13 trillion GDP
1st Trillion took 67 years
2nd Trillion took 8 years
3rd Trillion took 5 years
Total: (67+7+5) 80 years
Total time as of 2023 since Indias independence: 75years
Bhai tum IIM/IIT/McKinsey se ho to baaki janta ko sarrey bazaar chutiya banaogey?
Ek video ke liye do baar intro dikha rahe ho
Very boring. This is my first podcast of yours. You are discussing your internal company people. Zero insights for audience to learn. Please revisit the purpose of your podcast.
Beer pe charcha 😅
People planning to move to other country for their child are new garibs in India . Lol
How do we contact you
I need more people from your Team..Shanky and now him...wow it's a different vibe🙌...I need friends like these🥲