welcome to INDIA and Bangalore

00:09 Binny Bansal's journey to becoming an entrepreneur 02:22 Transition from aimless routine to startup exploration 06:53 Embraced learning and challenging tasks 09:05 Being a world-class software engineer has only upside 13:23 PhonePe was the third attempt at payments 15:32 Binny Bansal and team's success in building a large user base 19:59 Some pockets of the ecosystem are overvalued, but there are opportunities as well 21:55 Building companies for Indian consumers involves unique challenges and differences compared to other markets. 26:12 Entrepreneurs taking first principles approach to problem-solving in India 28:18 Patience is key for entrepreneurs in India due to longer growth journey 32:09 Passionate about helping other Founders in their journeys 34:09 Creating platforms to channel entrepreneurial energy in India 37:49 Enabling talented technologists to innovate collaboratively 39:41 Promoting collaboration and idea generation 43:35 Opportunities for Indian companies in global market 45:28 Flipkart's success due to customer experience and strong team 50:03 AI will change the way people work in India. 52:04 India's technology ecosystem is ahead by 10 years in evolution 56:02 Government's role in fostering competition in India 57:45 The startup culture is rapidly growing in India 1:01:29 Leveraging AI for language personalization in India 1:03:31 Focusing on solving big problems across different areas in India

nice. love these kind of insights

Is this a "founders who have made exits and want to start something new" only community?

Colman is the Nietzsche of Poker. I've never heard it spoken this way. and I think he's right

Great insights. I would be happy to bring the India story over to Israel.

Such a good interview. Such a little interest... :(

when will be the first founder fellowship in india??

Good questions

14:48 LOL didn't expect that reaction

Nice interview

I❤u

Great listen ❤🎉🎉🎉

I’m impressed by his clarity and unclouded vision on the entire world 🌎

Great business model. Guys had to follow SQL vs MongoDB vs IBM arc very closely. Naturally unbelievable network effects, integrations, applications, workflows, libraries, workforce similiarity and high changing costs.

1. Lack of counter-positioning 2. Tons of competition 3. Not innovative enough 4. Decent business model, wondering how many times guy reread Peter Thiel 5. Probably will be outcompeted by more focused b2b company 6. Great business model, end-size highly dependent on execution 7. Tons of competition, lack of moat creation

Thank you for sharing this.

Really great panel! Loved Peter’s take on “attaching” yourself to a tidal wave that is problem driven (carbon emissions) rather than capability driven (gen AI or crypto). I listened about a month ago YC new podcast (called Lightcone I think) where it said that it’s a very interesting market situation with genAI where companies are actually paying for the solutions but it doesn’t have a PMF because they’re not really using it. It’s just for a sake of having an “AI strategy” 47:56

I no longer feel that almost anyone wants to be honest, or is even capable of it. I have become horrified by what I observe in the people I know, the companies I've worked for, and it's more horrifying to think that I may be the same but simply lack insight. I'm now homeless and think more and more about death. Perhaps making a career of talking and writing about honesty is a satisfying endeavor after a person has inherited the love, support, and economic advantages of affluence. For those born in mucky trenches, having a deep love of the truth feels like masochism and suicide.

80th like! Insightful conversation! 👏🏽👏🏽👏🏽

Great interview. Thanks for sharing it!

Ayn rand made a great case about why intellectual honesty is in your own interest. This is not to take away anything from julie. But Ayn rand all career is about explaining this specific topic.

Timestamps would be appreciated on this!

Propaganda is a problem eh. One lie begets ten regardless of the motivation. External enemy of Putins mafia empire not withstanding, US PRopaganda / advertising industry already is muddying the waters. eg Global warming is a hoax, tobacco is harmless, gun control laws dont stop massacres but more guns do, low taxes & wages make the poor richer, theres not enough evidence to prosecute the VAST financial crimes that caused the GFC, Iraq has WMD’s so we need to invade it & Afghanistan because of 9/11, etc

Here after reading the blog post. Very insightful video!

I am getting the Theranos vibe..

very interesting talk, cheers

Joshua tem Instagram?

im watching this at 2x and it looks like his foot is going to shake off!

Very inspiring conversation. Key lesson: don’t be discouraged by the fact that many companies are working on the same thing. Rather figure out how you can be different within that same problem domain

how do you reconcile this with Steve Jobs negotiating with phone providers and forcing a change or record labels/artists to sell on itunes?

Refreshing and relatable.

Listening in headphones. fyi: When you interview people please place lav mic directly under their chin so audio is not LOUD then soft then LOUD then soft. That makes it hard to listen to.

Excellent conversation, most early founders need to hear this over lofty stories of some key survivors. Look forward to more. Subbed!

This guy is good.

first steel was pruduced in anatolia around 4000 BCE

amazing lecture thanks

Much respect to what Delian is doing with Varda. I suppose the question in response to 9:35 is: what about a couple hundred years later?

The challenge is that honesty is all too often penalized in real life, especially in this era of mandatory DEI statements that filter out 75% of the candidates. So it's really more of a systemic problem of wrong incentives.

Alfred hasn't had the best run lately; but his statements about FTX and OpenAI have been hilarous to read (especially the timing).

Another wonderful talk from Elad! Thanks Aditya!

Superb interview! Many thanks SPC for such quality content

Why doesn’t this interview have more views? Gold.

is SPC a VC ?

There is a lot of mining and iron knowledge in the medieval German book of Georg Agricola. Also in Technikgeschichte, the leading journal for the history of technology in German and one of the oldest in this field anywhere.

There is one underrated chemistry, even today that influences the quality of steel: Hydrogen_embrittlement! Once the hydrogen got into the iron, You never get it out completely, not even with vacuum smelting/refining.

Fantastic, in 1781 the hypothetical reason for the strength of steel was discovered: Phlogiston! It really takes a deep dive into history and science to get to this amazingly amazing detail. It shows an example of how an even wrong theory could lead to successful technical innovation and the rise of powers.

Trae made so many good points, wow.

It's always the same thing, MIT, Stanford, Harvard... showered in money by VC. He had a failed startup, worked in music and then started a defense company ? I don't even understand what guys like him bring to the table. The amount of privilege is staggering

Very helpful and inspiring.! Thank you so much for this Rosanne!