Arguably the most rich and useful episode yet! I've listened 3 times and still can't get enough!

@greyboard8662

Жыл бұрын

Yes Indians are always interesting

info : 1. Business cycles are going to be a lot faster as people are tend in invest in high volatality . 2. Trust gets concerntrated in top companies and familiar companies . As this happens top companies launches more products in the market , like tata in indian. It is mostly in low trust society ,more concerntration. 3. Lower the diversity in ethnicity higher the trust , but it kills innovation . Also higher the diversity the diversity kills trust . So the balance between them is necessary.

A bit of a brain squirt but some gems could be found. I did listen to the podcast. Thanks Shane and TKP for sharing.

Awesome stuff. Never thought about value and margins this way.

Thank you very much for this podcast

People pay or people give you time or money when their core motivations are mostly met or there is hope for the motivations to be met. That's the reason companies like Byju's and other Education Tech companies are getting so popular because they give hope to parents that their core motivations will be met, that is their child getting into IITs .

Amazing episode. Very insightful ,🔥

Yes, I finally got this podcast

This guy is the Sadhguru of entrepreneurship podcasts

@void2470

Жыл бұрын

Sadhguru is a scammer, I don't think this guy is.

@marcusravi1684

Жыл бұрын

@@void2470 Kunal Shah is a top notch bullshitter. His business has no real innovation or doesn't create significant value. He's just burning through VC's money and paying himself (and his wife) for it

@kapilchoudhary3142

Жыл бұрын

True

@LahoriyaLegacy

Жыл бұрын

Hahaha same was thinkis

@buriburizaimon4112

Жыл бұрын

Bruhh he is better than Sadhguru

How does this man comes with so much of Knowledge 🤜🏻🤛🏻

@MeraMohito

Жыл бұрын

Business experience and skilled brain. Really something special

what a perfect analogy.

His PR team is working hard now a days. All of a sudden, we can see him all over youtube.

Kunal Shah, the observer 🙌🏻

Mr. Shah, ur amazing

What an insightful conversation.

The audio is so incredibly low on my phone

5:50 Super companies uses super stars for marketing to large masses. This instantly doubles the credibility and convinces the buyer. When super company & super star is the same person that person becomes Elon Musk. :)

Yeah .. treasure for free..... Thanks

@Shane Can you ask Kunal where he bought his shirt from?

Anybody know the source of the paper by the Stanford Prof. that Kunal refers to?

Ling Yoni , Yin Yang ,Ordered Chaos Dharm has been talking about this since the beginning of time!

I saw recently a fundraiser for 23 lakhs for a 22 year old who wanted to go to harvard and already people had donated 12 lakhs or so

Boom 🙌🙌

Trust is low in non-western societies, so therefore trust is high in western societies. In low trust societies that don't have ethnic diversity, there is a rise of authoritarian leaders to bring the peace. However in the US, a western, multi-ethnic society with high trust, we are also seeing the rise of authoritarian ideology. So....how does that square?

@saikumargorantla

Жыл бұрын

Thank you.. had same thought.

@ankitruparel1895

Жыл бұрын

Most of what he said is gross over simplification and trying to connect the dots with his own biases. It sounds like someone trying extra hard to appear well read and thought through but most arguments would collapse if it was not a one way monologue.

@aliwaheed906

Жыл бұрын

You are misunderstanding the meaning of "trust" here. The trust Kunal talked about, is between consumer and buyer, people and the government, etc. He is not talking about trust between people on the same social level but, the opposite. By this definition, US is definitely a low trust society.

@amitd5134

Жыл бұрын

@@ankitruparel1895 thanks i used to think he blabbers nonsense which is only meaning ful to himself only. I thought i was alone

❤️❤️❤️

For some strange reason, this reminded me of Swami Nityananda

Liked the viseo . good insights, things which i also ponsder about , TRUST for one . But would liek to diasgree on some aspects. IN india say a TATA can come up wiht a new product in unrealted bsuiness bt get tarction . that is bcos, tehre woudl be huge barrier to entry for neew players in india . a TAat or Relaince can levarage existing bsuiness to satrt totally new bsuiness , So you see such new initataives by such large grouos , bcos getting credit and sgtarting new venture is hard in india for new players so existsing players enter other sectos by leveragibng existing capablities . Another point is in asian socienties teh legal system is bad so ihas ot be n tust based , but in western societees had bette legal systse , so different ehtiniciites can work with contarcts . you need to think on tis elines . say in INdia or chian or middl east countries if you violate a conatrct it si very tough to get comepnsated or get justice , but in western countie sit is not teh case , so uu can start business easily

China seems to be an exception here. It is low in diversity therefore should be high in trust. However, we see a concentration of trust in super companies like Alibaba, and Tencent.

@ok5142

Жыл бұрын

Mandarin, Wu, Min, Xiang, Gan, Hakka and Yue are some of the common diversities. They are as ethnically apart as any other Asian country.

@nihalkalra

Жыл бұрын

@@ok5142 those numbers are negligible when you talk about a country with 1.5 billion people. 91% of people are of Han ethnicity. It's safe to say China has low ethnic diversity. Hence it did not face the kind of bottlenecks a country like India had to face.

@Raj_Das

Жыл бұрын

@@nihalkalra they don't have the freedom of trust so the innovation dies. In china despite of less diversity, they can't talk about something with other friends and families, because If somehow you say something bad about the government while expressing your new ideas and innovation, the other person will rat you out even if they are family or friend. So people don't trust each others easily despite of same ethnicity.

@nihalkalra

Жыл бұрын

@@Raj_Das makes sense, thank you!

If people naturally seek non-linear value outcomes, what stops most rational people from taking such non-linear bets then?

what is he talking about ?

The loose declaratively use of “all” here seems to speak to some problematic assumptive ways of thinking that underpin the proposed reading of culture

@arthurcallahan2517

Жыл бұрын

It's obvious he means "all'' in a general way,you shouldn't always point out the exceptions when something related applies to a large audience. The latter suggests a nitpicking nature that undermines the person's ability to listen in a meaningful way

A transcript would be helpful. I had difficulty with Kunal Shah's accent.

@javi_park

Жыл бұрын

turn on the captions (CC)

Wonder if the interviewer was cringing by his focus on 'status'..

Is their Dr B R AMBEDKAR statue behind you?

Now indian middle class has lerned how to fool rich people, the ganga is flowing in reverse direction now, keep up the good work.

@Raj_Das

Жыл бұрын

How? 🧐

@postboxb2533

Жыл бұрын

@@Raj_Das can't you see how he is doing it. Tell story, Take someone else money and try to establish a business, in which he himself not interested..his core objective?? Even he doesn't know.

But people say creed is making loos for past few years

Kunal has distilled indian consumer behaviour

Word salad.

Justify Amazon valuation by this rational

I disagree with his point on blaming trust on people ethnicity.. A trust is build when a company delivers consistently.. It has nothing to do with people belief system. This is just twisted thought of blaming the brands incompetence of delivering a quality service to people's belief. No one buys Tata salt or Tata car because of Tata's ethnicity.. They buy it for their quality and trust they have in brand. US is one of the most diverse country and they produce the many trusted brand's of the world. Diversity bring's in creativity and out of box thinking.. We should always discourage these regressive thinkings

Gross margin happens when you help people jump the social status...

it's funny how he speaks alot without making any sense at all

This dude has done nothing except create bs startups that lose enormous amounts of money. The way he got rich was by selling his first startup at a bubble valuation (the acquirer took a big write down later on). His current startup is losing tremendous amounts of money without having any business model in place.

@templogical3095

Жыл бұрын

Perfect, brainless people are sulking here for his bs

@elitecoder955

Жыл бұрын

At least someone gets it ...

@screwthisite

Жыл бұрын

Cred is making huge money in fee income. This could be real money game

@shrishri8898

Жыл бұрын

Ti tu kar le private college k engineer

Pareto maybe more skewed in India 🇮🇳 because consequences of a crime are much lower in India than in the US. Average bail in the US is much higher. Power law driven monopolies exist in India 🇮🇳 because there is not anti-trust court that has the power to break up Tata and Reliance as opposed to that US. And patents are a complete joke. As opposed to here in the US. This makes it much harder for the smaller startups to reduce reach the scale and beat these monopolies.

He doesn’t speak in simpler language! Don’t understand his way of communicating please improve 🙏🏻😓😓😓

@templogical3095

Жыл бұрын

Because he can't create profitable business model

@doremonbhaiyahere

Жыл бұрын

He is saying that focus should be there on business jo logo ka status increase kre... target to Rich people will be a better option.

@pranjal5891

Жыл бұрын

@@templogical3095 Can't expect more from an uneducated sucker living on his parents money.

@templogical3095

Жыл бұрын

@@pranjal5891 Lol my yearly income is 70 lakhs 😂😂. I hope you are atleast getting 7lakhs per annum. I can give you job, anyways you are wasting time here. 😂😂

All the fan boys who are sulking here, he is wrong, Dmart is profitable and cash rich while cred is bleeding money.

@shrishri8898

Жыл бұрын

Starts ups are here to bleed money as long as valuation is good .

@lagguru8032

Жыл бұрын

Today cred is bleeding money but at the end CRED will have a very crucial thing that the world will beg for that is "DATA" of indian people

@Raj_Das

Жыл бұрын

Bro cred literally has goldmine of data. They know which product we're purchasing every month from our credit card bill. even if the users are less, the tech companies need those data. No corporate company cares for a lower middle class family. They want data from Upper class who usually have a credit card. Also now they gives you loans on the app.

@templogical3095

Жыл бұрын

@@lagguru8032 Bajaj Fin has already collected this data in far greater details long back and they are profitable too. Cred will eventually be Ipoed and shares will be dumped on retail like Paytm who has 1000 times more data than cred.

“If it (racial diversity) becomes too similar innovation does.” Ridiculous assumption, The Dutch and the British were practically all white - and literally invented to Ship 🚢 across the ocean. Indians invented the number Zero and decimal system without diversity 😂. What a tool.