To become good at anything you have to know how to apply basic principles. To become great at it you have to know about how to violate those principles.
-- Gary Kasparov
Congratulations
@DineshAgarwal
Brijesh Agarwal Team
@IndiaMART
! You guys have been a pioneer in the internet space in India and it is so good to see such a strong IPO. Wish you continued good luck and success!
@WBridgeVentures
A whole new world ahead for
@IndiaMART
family
Someone said has given a new meaning to 36
& snapshot at 11.11am is magical
Thankyou colleagues, customers, vendors, buyers, sellers, bankers, lawyers, investors, directors, friends🙏🙏🙏🙏🙏
CEO’s have three jobs. Set the right direction for their company, ensure the right talent is in place, and make sure the business has cash in the bank.
@JasonHirschhorn
@ballmatthew
nail it in their brilliantly written article
@Viacom
's decline & revival.
TIL - A record 7 million Americans are now 90+ days behind on car loan payments, according to a new report from the Federal Reserve Bank of New York. That’s 1.3 million more than the former high in 2011, which followed the Great Recession.
h/t:
@CBinsights
Congratulations
@Rssamul
! Amazing progress under your leadership. Amul shows that private, public, cooperative structures don’t matter but the mission and people do.
Today , 37 years back I joined Amul , then a small cooperative ( but highly talked ) with a turnover of RS 121 cr and now feel proud of this India's biggest food company with a turnover of Rs 33000 cr .
Message in a bottle from
@AlibabaGroup
founder Jack Ma! “Work is like water, life is like wine. Water will influence the quality of the wine, but we should live our life with flavor like wine. Wishing everyone to live seriously, work happily”
Interesting perspective from
@menakadoshi
- "The best of investors start moving to cash when things get tough. Especially when they know it’s going to get much worse before it gets better."
@BloombergQuint
From
@BloombergQuint
article on Jesse Livermore:
“The swelled head is an expensive disease everywhere to everybody, but particularly to a stock market speculator. “
Applies to all investors!
Happy 4th birthday
@BloombergQuint
Independent. Digital first. Super talented team. Finest contributors. Innovative. Creative. Analytical. Insightful. In-depth.
We work hard to be that everyday. Thank you readers and viewers for all your encouragement and support.
@menakadoshi
@dugalira
This is a major issue which is being brushed under the carpet by
@KotakBankLtd
and
@NileshShah68
These FMP’s were mis-sold by the bank as 9% yielding instruments. Investors will be lucky if they get their capital back after three years. Who is responsible? At least an apology ?
President Kovind presents Padma Shri to Shri Sanjeev Bikhchandani for Trade and Industry. He is the founder of Info Edge India Limited and is known for investing in promising internet start-ups. Shri Bikhchandani is also involved in philanthropy.
Spouse teams don't work - Eventbrite
Solo founders don't work - Zoom
Need to move to SF - Shopify
Winner takes all - Marketo
Remind me the other rules again
Buying a health insurance plan for the family is the most important financial investment you can make, given the costs of serious health incidents.
Even before you do anything else in your personal finance journey, get health cover to the extent you can afford. 1/4
Watch the video for a heartfelt and reassuring message from our MD&CEO
@tapansinghel
, to the BAGIC family.
Our customers can connect with us on 1800 209 5858 or bagichelp
@bajajallianz
.co.in, knowing that our care will always be there. (1/2)
“One of my favorite ideas is that people should read more history and fewer forecasts.” It’s Hard To Predict How You’ll Respond To Risk
@morganhousel
nails it.
A McDonald's employee was once asked why they had an edge in the fast-food industry:
The employee said: "We prioritize the little things like keeping our bathrooms clean."
"But everybody can do that."
"Yes, but only McDonalds does."
Sometimes you just have to nail the basics.
No Business School will teach
"Our motive is to Buy as COSTLY as possible and sell as CHEAP as possible"
Yet by doing this AMUL has become the largest FMCG co in India, uplifted crores from poverry & made India largest milk producer in world.
What an Inspiration.
"While it’s easy to focus on major social movements, it’s important to remember that most progress happens in our everyday lives." Very nuanced perspective from Mark Zuckerburg on Free Expression...
Sad reality is that too many smart people spend way too much time on strategy and big picture, and too little time executing and getting their hands dirty.
TIL - With 17% of the world’s population, India has only 2.4% of land area, 4% of freshwater and 1% of forest resources. No clearer statistic to show the need for focus on productivity in agriculture and all other natural resource related spheres.
@bsomaia
Agree but getting paralyzed trying to find the "right" person is also not a good idea.
Hiring is yet another skill that founders have to learn on the job. Mistakes do happen. Better for both sides to recognize an error and move on.
1/ The most important factor in the success of any project or initiative is "do we have passionate, committed and talented people who will put their heart and soul into it and want it to succeed?"
You cannot find such people. You have to let them find you.
“Surround yourself with the dreamers, and the doers, the believers, and thinkers, but most of all, surround yourself with those who see the greatness within you, even when you don’t see it yourself.”
– Edmund Lee
1570 applications! Great job by
@_surgeahead
@Sequoia_India
I am sure there will be many others besides the ones you choose that are good. Maybe you can open source their applications for others to fund??
@singh_sequoia
Some 1,570
#startups
have applied for Surge 1!! About 1/3 are pre-launch; most have teams of <10; about 1/3 have raised funds before. A huge thank to each and every
#founder
who applied. We’re buried deep in your applications right now!
In the elimination game of the 1997 NBA Semifinals, Kobe Bryant shot 4 airballs late in the game. His team lost 98-93.
He was asked about how he handled this humiliating season-ending performance:
"If you’re so smart, why aren’t you rich? Turns out it’s just chance." -
Not me saying this but a detailed study by Alessandro Pluchino and colleagues at the University of Catania!
#Humbled
to share that I have been elected as new Chairman of
@GICouncilIndia
. Thankful to members of industry for this
#honour
that further offers me opportunity to make a difference in society. I am committed to contributing to the growth of the insurance industry.
Timely story by
@SarkarMania
@TheKenWeb
Secondary market has enormous potential and seems like we are discovering it just like we discovered venture debt some years back. Only difference is that while venture debt is a fraction of VC investments, this can be a multiple!
As the venture capital industry comes close to a decade, the pressure on funds to return capital is increasing and some of the largest names for the US are now selling off their portfolios and funds entirely. My story! Be nice, read!
The India venture opportunity:
10 years ago: clear business models but small addressable markets.
Now: large addressable markets but unclear business models.
Thread 👇🏼
"The world is messy. There are ambiguities. People who do really good stuff have flaws. People who you are fighting may love their kids and share certain things with you."
@BarackObama
nails it...
Great point. This would make it a lot more interesting and fun. Students could even try and “discover” the next step themselves. Would be harder to teach though.
.
@sushantsinha
has been building Indian Kanoon for 12 years now. Alone. Through ups and downs, physical harm and intimidation over phone calls and emails, Sinha’s ambition is still very much alive. Today's story by
@sahaprd
for
@MorningContext
Today,
@Felicis
announced that we're committing 1% in non-dilutive capital on top of every 1st check we write to be used towards personalized founder development (exec coaching, therapy, leadership development, peer groups etc). Story from
@alexrkonrad
:
FEYNMAN learning strategy in THREE points:
1. Continually ask "Why?"
2. When you learn something, learn it to where you can explain it to a child.
3. Instead of arbitrarily memorizing things, look for the explanation that makes it obvious.
Today Chiratae turns 13. Privileged to back stellar founders & have
@RNTata2000
@kris_sg
Manish Choksi & Bruno Raschle as advisors;thank you to our Investors. A buzzing ecosystem positions India as a world class venture market. Chiratae team looks forward to more exciting years
Great story on Decathlon by
@Harveen_A
! So many ways to reach the promised land but silent focus on executions seems to work well yet is largely ignored...
@TheKenWeb
Decathlon has built its sports empire in India in the shadows. But, few know the company beyond its annual filings. Today's
@TheKenWeb
story takes a look at Decathlon and its playbook beyond the celebrity noise. With graphics by
@prajektor
.
Unicorns come in many shapes and sizes -
@Mailchimp
built by
@benchestnut
and
@dkurzius
without any external capital into a $600 Mn revenue business. What stands out is the amazing value that they represent to their customers for the price they charge.
Which Messaging App should I use? —
@jeremysliew
"Users choose the messaging app where they think the recipient is most likely to see the message." Very nice decision tree!
Opinion | The government has got a plethora of options to deal with the IL&FS crisis. PM Modi just needs to take lessons from two politicians who took decisive actions – Manmohan Singh and Jaswant Singh. |
@Raghav_Bahl
.
It was a good decision to take my parents’ health insurance policy from
@policybazaar
. My father went for his surgical eye treatment yesterday and I couldn’t be there due to prior work commitments, so I informed policy bazaar executive about the operation and they took great care…
“Sick of all the hatred being spread online, Chinese internet users are flocking to groups on social media where they can pay to be given exaggerated compliments.”
Positive, constructive & exhaustive review on the implementation of Aspirational Districts Programme by CM Uttar Pradesh
@myogiadityanath
Detailed presentation was made by Niti Aayog. UP has made a radical transformation on several indicators in these districts. Congrats UP !
Pleased to announce our newest investment
@MedCordsIndia
. Shreyans, Nikhil and Saida are building a technology driven offering to solve complex rural health care problems in an elegant manner.
1/ Advice for founders - take time to negotiate a proper long form term sheet. Don’t rush into signing. Discuss each point carefully. Understand the “language behind the language”. Sweat the details. Will save time + money + anxiety in execution.
Great essay about the need for patience by
@rafat
A great motto to live by - "All is well in the end. If not, it’s not the end."
And, congratulations to
@skift
as it turns 6!
Skift turns six today, 2191 days later, we are still here. I wrote a longish essay about patience as a business model and what that means inside a company like ours.
Great point by
@sidharthrao
. I would add that there is not much “restraint” in ambition if you can build a profitable business that makes you rich too. It is a tough thing to do and totally worth it.
“If you really examine your motivations and the kind of life you want to live, restraining your ambition may not be a terrible thing after all.”
Our
@sidharthrao
has a message to alleviate your Sunday existential crises:
A 2017 study from Northwestern University found that sitting within 25 feet of a high performer at work improved an employee’s performance by 15%. Sitting within 25 feet of a low performer hurt their performance by 30%.
h/t:
@CBinsights
Good to see that the draft
#eCommercePolicy
talks about separating ownership and control. Much needed.
Had written in detail on
@BloombergQuint
:
Tagging hon'ble minister
@sureshpprabhu
in case he would like to discuss!
Congratulations
@webchutney
on coming in second this year after 9 years at the top -- it was quite a streak!
@sidharthrao
have no doubt either that
@webchutney
will soon be second to none again...
Ever since these rankings started,
@webchutney
has topped the table thanks to our talent and our clients. I have no doubt we will be back on top again. Congratulations,
@Ogilvy_India
Well deserved. It’s always fun competing.
“We believe the difference between success and failure is often not dictated by knowledge or expertise but by its actual application and perseverance,” Really great point made by
@anandvardaraja