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This is the CEO of the largest bank in the world (mkt cap) - JPMorgan CEO Jamie Dimon praises Prime Minister Modi for his achievements in India. He talks about how tough it has been to lift the country and when some of western liberal media beats him down .. we don't hv the…

Yash Dayal - what a bowler. Kohli's batting/fielding/passion is obviously great. Captain's batting and catches by Plessis. But this left arm fast bowler from UP and his effort should not be overlooked 👏

After more than 2 years of leading Prove in India (US Unicorn), I have decided to move on to pursue new opportunities in the investment space (VC), fund mgmt, and startup advisory. Last Friday was my last day at Prove and I am grateful for the opportunity and my time there.

Advice for startup founders, particularly those in B2B software, to consider a different path than the standard VC funded trajectory. Consider the potential of an SME IPO in India. Think about it, it's time. 🇮🇳💼 Imagine a sequence like this: 1️⃣ You establish a co with a B2B tech product, with the strategic goal of reaching profitability within the first 12 to 15 months. 2️⃣ You initially self-fund (bootstrap) the venture. If additional capital is required, you secure approximately 1 to 1.5 crore rupees (around $150,000) from angels to recruit talent and offset operational expenses such as cloud services, G-suite, LLMs, and office rent. 3️⃣ Within approximately 15 months, you refine and validate your business model, successfully navigating to a stage of profitability. 4️⃣ With a robust unit economics in place, you Scale up! Grow the customer base and aim for 12-15cr revenue in year 4. 5️⃣ Bag 1.5cr profits in tht yr & hit NSE Emerge with an SME IPO (fulfilling the criteria) ✨ Now you got more capital to add fuel to the fire. And you got the credibility of a public listed cos. It helps to get more sales folks, branding/mktg, more customers. and close customers which were on the borderline earlier ✨ The story doesn't just end there. In the future if you want to raise more you can do through a FPO and once you have grown your market cap you have the option to migrate to the main board (easier and cheaper that way) This alternative path offers the potential for sustainable growth and public market access without the need for significant venture capital investment. How do I know? I spoke to people who hv done SME IPOs. Spoke to founders who are doing SME IPOs this year. And I looked at data And just to be clear I am not saying VC is not important. There is very important role of VCs in fostering innovation for a certain type of cos. there are consumer tech cos (with high CACs, trying to change consumer behavior) and there are even some B2B software cos that will continue to need VC money. but I think startups should come out of single track thinking that there is only one path to grow cos and that VC is the only game in town. Come out of the ecochamber. think differently Why now? The SME IPO ecosystem and platform have matured over time, and there is a strong appetite among investors. The number of SME IPOs has increased significantly in India over the past five years. 2023 was a record year with 182 IPOs raising up to Rs 4967 crore. ⚠️ This post is for informational purposes only & should not be construed as investment advice. The mention of specific companies does not constitute an endorsement/reco of their services/performance.

Happy Independence Day, India! 🇮🇳 I have always believed in the India growth story, people of India (despite all our issues), and the incredible talent of Indian engineers. Rejecting 3 solid opportunities to move to the USA etc. I always stayed and built a global cos from here…

Saudi is spending a lot on automation and digital. One of my portcos has 20 out of 35 customers here. Fintech here has the buzz and initial energy tht India and Sing had years ago. Riyadh has some nice places for meetings too

Why Indian cos are flipping and want to IPO in India? 1. India public mkts 🚀 and finally some acceptance for listed Tech 2. A US company X with about $100m in revenue will pay between $9-26m to go public. so per table below X's IPO cost is let's say 16% of their revenue to raise a round of capital. likely the most expensive capital raise of the company’s life. (source below)

Can you provide pricing based on purchasing power parity or something like tht!? Breakfast in Bangalore - idli/dosa/coffee is 120 rupees or so = max 2 dollars Breakfast in US - bagel with cheese and coffee atleast $8 to 10

This is the CEO of the largest bank in the world (mkt cap) - JPMorgan CEO Jamie Dimon praises Prime Minister Modi for his achievements in India. He talks about how tough it has been to lift the country and when some of western liberal media beats him down .. we don't hv the…

After more than 2 years of leading Prove in India (US Unicorn), I have decided to move on to pursue new opportunities in the investment space (VC), fund mgmt, and startup advisory. Last Friday was my last day at Prove and I am grateful for the opportunity and my time there.

Why Indian cos are flipping and want to IPO in India? 1. India public mkts 🚀 and finally some acceptance for listed Tech 2. A US company X with about $100m in revenue will pay between $9-26m to go public. so per table below X's IPO cost is let's say 16% of their revenue to raise a round of capital. likely the most expensive capital raise of the company’s life. (source below)

Saudi is spending a lot on automation and digital. One of my portcos has 20 out of 35 customers here. Fintech here has the buzz and initial energy tht India and Sing had years ago. Riyadh has some nice places for meetings too

Yash Dayal - what a bowler. Kohli's batting/fielding/passion is obviously great. Captain's batting and catches by Plessis. But this left arm fast bowler from UP and his effort should not be overlooked 👏

You want to know how bad the Gemini Advanced AI model is? Correct answer is 6 pm ist. And I asked two times 🤷‍♂️

Seeing the twitter feed filled with news & images of outages, BSOD, Microsoft/Crowdstrike crash and wondering am I the only one who doesn't use any MS product or service🤷 anyone else not affected?

SBI has crossed 500 million customers :) just to put into perspective vis-a-vis JP Morgan and $NU

Ilya Sutskever, one of OpenAI’s co-founders, and former chief scientist, has launched a new AI company, Safe Superintelligence Inc. (SSI), just one month after formally leaving OpenAI Keen to see if Elon Musk will be involved ?

To experience the good weather of Bangalore in summers tht used to be just come to Riyadh 😁 It's 20 degree c and raining If you also want good idli / dosa no problem - come to Saravanaa bhavan here

Advice for startup founders, particularly those in B2B software, to consider a different path than the standard VC funded trajectory. Consider the potential of an SME IPO in India. Think about it, it's time. 🇮🇳💼 Imagine a sequence like this: 1️⃣ You establish a co with a B2B tech product, with the strategic goal of reaching profitability within the first 12 to 15 months. 2️⃣ You initially self-fund (bootstrap) the venture. If additional capital is required, you secure approximately 1 to 1.5 crore rupees (around $150,000) from angels to recruit talent and offset operational expenses such as cloud services, G-suite, LLMs, and office rent. 3️⃣ Within approximately 15 months, you refine and validate your business model, successfully navigating to a stage of profitability. 4️⃣ With a robust unit economics in place, you Scale up! Grow the customer base and aim for 12-15cr revenue in year 4. 5️⃣ Bag 1.5cr profits in tht yr & hit NSE Emerge with an SME IPO (fulfilling the criteria) ✨ Now you got more capital to add fuel to the fire. And you got the credibility of a public listed cos. It helps to get more sales folks, branding/mktg, more customers. and close customers which were on the borderline earlier ✨ The story doesn't just end there. In the future if you want to raise more you can do through a FPO and once you have grown your market cap you have the option to migrate to the main board (easier and cheaper that way) This alternative path offers the potential for sustainable growth and public market access without the need for significant venture capital investment. How do I know? I spoke to people who hv done SME IPOs. Spoke to founders who are doing SME IPOs this year. And I looked at data And just to be clear I am not saying VC is not important. There is very important role of VCs in fostering innovation for a certain type of cos. there are consumer tech cos (with high CACs, trying to change consumer behavior) and there are even some B2B software cos that will continue to need VC money. but I think startups should come out of single track thinking that there is only one path to grow cos and that VC is the only game in town. Come out of the ecochamber. think differently Why now? The SME IPO ecosystem and platform have matured over time, and there is a strong appetite among investors. The number of SME IPOs has increased significantly in India over the past five years. 2023 was a record year with 182 IPOs raising up to Rs 4967 crore. ⚠️ This post is for informational purposes only & should not be construed as investment advice. The mention of specific companies does not constitute an endorsement/reco of their services/performance.