So from next week I am going to be taking all my learnings & putting the pieces together…. What’e the point of all these random data points if we don’t put these into a framework & make mental models of these. So that would be the agenda from next week….
For this week, on with the learnings…
So this where spending pattern of the top tier of the food chain is it. The lowest tier has lost all income so all spending power, whatsoever. What would be the behaviorial changes once this epidemic is over?abhishek @abhishek_triCredit card bill at 2% in April of what it was in February. 98% decline on my CC purchases. Expenses in image below shows clear differences. First pic of my spends in February vs second image of April. In April it’s truly Roti, Kapda aur makaan! That’s it
May 3rd 20201 Retweet29 Likes
Is this the new normal in travel? What else? Other than body frisking, now health checkups would also be normal?Chintan Vora @theunsocialguyThe dawn of new age!
Hardeep Singh Puri @HardeepSPuriThe times they are a changing! Not a scene from a sci-fi blockbuster but a picture of passengers with face shields onboard the Singapore-Mumbai flight which landed earlier today. Preventive measures are the new normal. Changes are here to stay. @MoCA_GoI @airindiain https://t.co/xMRvYS549Z
May 10th 2020
Vehicle sanitisation is definitely the next big thing, no doubt!
People were trending less towards self cooking & more towards outsourcing it. A trend established in decades, reversed in weeks. What’s the new normal?
From a sharing economy we will mostly progress towards a owning economy. People will fear over-night lockdowns & prefer to be prepared all the time.
There is a news/rumor that vegetarians are not/less effected by the Corona virus. Such news/rumors will drive consumer behavior greatly. For example read this report from Zomato on how people have boycotted chicken all together & how that has almost decimated the industry.
Drop-shipping was considered to be the next big thing. Seems like it was just momentary. People made less money drop-shipping but more money teaching this. Read here about what the best drop shippers of the world are moving on to.
Not all heroes wear capes.
Sound advise on what are the pitfalls one can get into when starting a new business. See this list as what not to do when starting a business.
The baap of all fund raises. The level flexibility & vision Mukesh Ambani has shown is just stunning. I actually look forward to the next generation from the Ambani family.Anmol मैनी @anmolm_"This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore and an enterprise value of ₹ 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment" Jio Platforms valuation over $70B 🤯🤯🤯 ril.com/getattachment/…
May 4th 202022 Likes
Yongsters are not just the CTO’s of the family, looks like they are driving also the vision of Entrepreneurs. People are increasingly looking towards the young to understand where the next shift is going to be. See this thread where people are openly talking about being wrong about Tesla & how they are noe head-over-heels in love with both the product & the stock!Third Row Tesla Podcast @thirdrowtesla"I was a hater of Tesla for a long time, until I realized all the engineers want to work for Tesla. I ended up buying some, and now it's my best performing stock. It's not a car company, it's a data company. It's about autonomous driving"
May 6th 20201,317 Retweets11,133 Likes
Distribution is God! Afterall thats why partnership between facebook (& hence whatsapp) & jio is one of the most feared of partnerships there is. & now with whatsapp getting into payments…..
Here is a chart on how Microsoft teams overtook slack overnight just by its power of distribution. Ofcourse from here on its distribution & who has the better product.Nameet Potnis @NameetNever underestimate the power of distribution!
May 7th 2020578 Retweets2,509 Likes
Just see how it has Slack worried! Why would you give such advertisement to your competitor? Is it to motivate your team? Would like to understand the thought behind this.
Keep you head down & keep working. Love the process!GuruAnaerobic @GuruAnaerobicYou’re not entitled to the fruit of your labour, you’re only entitled to your labour". Bhagavad Gita - Chptr 2, verse 47. A middle-aged Hindu man who worked on a London Underground station told me this 40yrs ago. I was a teenager, but never forgot.
May 4th 202043 Retweets263 Likes
Now read the above with this tweet from naval. We like to consider that success is a result of luck/god-gifted-talent or else we will be guilty in our eyes of not working hard enough.
Excellent story on how there is a direct correlation of success people having working mothers. Its more so because of the value system it imbibes into the children. Just amazing! But also how people are totally ignorant about this.
Happy Mothers day!! - To the unsung sheros of this world.Prashant Singh @pacificleoHappy Mother's Day. Today I want to share a little personal anecdote. I wanted to do it for long, but I stopped myself because I was lazy, it was weird, and the conclusion I wanted to present was not statistically verified.
May 10th 2020219 Retweets535 Likes
Is this the right metric to measure the economy? Esp in a economy which has shifted to services in a big way?
Some good news!
Now this is a chair I will look forward to owning someday.Anupam Gupta @b50never sat on any chair that comes anywhere close. It's not a chair, it's a home.
May 5th 20206 Likes
Here is the winner. The Herman Aeron Chair.Vijay Shekhar Sharma @vijayshekharSeems like an, unanimous winner is here . The Herman Aeron Chair. In words of its co-designer, Don Chadwick : youtu.be/lpV8YTRKmdU
Vijay Shekhar Sharma @vijayshekharThanks to relaxation and markets opening up, I am going to buy a work from home chair. Suggestions pls. TIA
May 5th 20203 Retweets58 Likes
One of the top notch threads on how to approach marketing, valid for start-ups & the incumbents. Must read & follow thread.Paras Chopra @paraschopra1/n MARKETING. For products past market-product fit, marketing (promotion) becomes a barrier to growth. Why do so many founders say they struggle with marketing? What if I told you there's a framework to approach marketing? Bookmark this thread because that's what it's about.
March 17th 201891 Retweets380 Likes
Here is the framework in a summary.Paras Chopra @paraschopra12/ So, what to do? Lo and behold, let me present you the MER framework. M=Motivations (of consumers), E=Emotions (you need to deliver), R=(Need for) Repetition.
March 17th 20184 Retweets35 Likes
In todays world, Ads compete with cat pics :)Paras Chopra @paraschopra16/ Understand that when you send them a blog post, a TV ad, or display at an exhibition, you're competing with their Instagram timeline. Challenge of crafting good marketing is to identify and serve them the right emotion at the right time and do it much better than anyone else
March 17th 20181 Retweet23 Likes
The function of most advertising is to prevent sale loss (and not sales)Paras Chopra @paraschopra1/n MARKETING. For products past market-product fit, marketing (promotion) becomes a barrier to growth. Why do so many founders say they struggle with marketing? What if I told you there's a framework to approach marketing? Bookmark this thread because that's what it's about.
March 17th 201891 Retweets380 Likes
I also watched the move ‘Made In China’ on Netflix. A must see for any marketer & entrepreneur.
Its all about communication, positioning & the story you tell.Kyle Prinsloo @study_web_dev❌ Don't say, "I create websites." Your 9-year old niece says the same thing. ✅ Rather say: "I help dentists get more patients." "I create affordable 1-page websites for small businesses in 1 day." "I create stylish e-commerce websites for fashion brands." Outcome > Product
May 8th 202084 Retweets457 Likes
Nothing motivates people better than their emotions delivered instantly!Oliver💡📝🌋 @oliviercantinBefore I started my own agency I lead a 200-person sales team I used a lot of different incentive programs -> iPads -> Paid days off -> roundtrip air fare and resort But the one that worked the best? -> Candy bars Why? "Make gratification instantaneous." - Eugene Schwartz
May 5th 202012 Retweets106 Likes
Must read in to explara’s journey since 2012 in the form 10 emails shared by its founder. An actual behind the scenes look into what actually goes into building something remarkable.
Wow! If coders are also the best writers, I guess its only apt that coders rule the world.Navin Kabra @ngkabraLearning to write and learning to code are the same thing. Research shows that people who write well are exactly the ones who can pick up programming the fastest. Because both are about organizing your thoughts logically.
Sahil Lavingia @shlLearning to write is much more important than learning to code.
May 6th 202014 Retweets74 Likes
This is the most ruthless thing any govt can do. Laborers are humans, not just a resource!
I really want to understand the next-order effects of such a decision of exempting industries from Labor acts. Also what is the govt signalling? Are these laws bad? Is India stuck just because of its labor laws? Will this uphold in the courts?
For the record, Not just UP govt but other state govt’s have also taken such decisions.Deepak Shenoy @deepakshenoyVery interesting! The states are competing! Bring it on.
Somesh Jha @someshjha7The Uttar Pradesh government exempts industries in the state from ALL LABOUR LAWS for the next 3 YEARS. Only these labour laws will apply: *Building and Other Construction Workers Act *Section 5 of Payment of Wages Act *Workmen Compensation Act *Bonded Labour Act
May 7th 202078 Retweets421 Likes
In the wake above. One must also read this. How unions & labors killed industries the states along with the people working in them. These problems are more nuanced than one can think of.
Though this is also one side of coin or more of a perception of selection vision.Kanchan Gupta @KanchanGupta"If labour law supposes that it protects labour," said Mr Bumble, squeezing his hat emphatically in both hands, "the law is a ass — a idiot. (Apologies to Charles Dickens.) EoT. 7n
May 9th 2020224 Retweets741 Likes
This gem from the history. The process of the cool graphics that led to development of Mortal Kombat.
Not understanding investment & how the markets function will result on its ones own peril.D.Muthukrishnan @dmuthukA desperate seller would be forced to sell for a pittance. Government has chosen now to sell it's stake in Axis Bank and ITC; when their prices are depressed. If you don't take actions when situation is favourable, you'll end up doing it at unfavorable terms.
May 6th 2020101 Retweets1,019 Likes
What was once hailed as the most ambitious Industrious project for & by the country, today languishes in courts & papers. Its this inability to execute(for whatever reason), is what will kill Indian economy from a investment point of view.
In the movie ‘Made In China’ its said repeatedly, that to be a Businessman one needs ‘Balls of Steel’. I think this is a sad situation, not very different from license raj, if not worse. License Raj was probably predictable, this is not!Dake Kang 姜大翼 @dakekang...An Indian state signed an MOU with POSCO in 2005 for a plant but didn’t have any land. POSCO spent the next decade in legal, media battles over land with villagers, politicians, bentel nut farmers, scheduled castes, the local Communist Party:
May 5th 202076 Retweets241 LikesDake Kang 姜大翼 @dakekang...also that year, I knew some who worked for the Delhi-Mumbai Industrial Corridor. The DMIC, as they call it, envisioned a high speed rail link between Delhi and Mumbai slicing through 24 special industrial zones. Make in India! High tech! Smart cities! Sounds great right?
May 5th 202052 Retweets203 LikesDake Kang 姜大翼 @dakekang...well, I visited the office one day. As I recall, maybe a few dozen people in cubicles around a conference table, in a wing of a tony Delhi hotel. “So, where’s everyone else?” I asked. “This is it!” I was told. A few dozen. For the most ambitious industrial project in India.
May 5th 202046 Retweets200 LikesDake Kang 姜大翼 @dakekang...don’t buy too much into decoupling hype. Yes some see this pandemic as a chance to decouple from China. But it’s one thing for politicians to say this - another for businesses to leave. China offers world-class infrastructure at a price that can’t be beat. That hasn’t changed
May 5th 2020121 Retweets327 Likes
Excellent thread of practical advise from parents on business. This something one should read once every month to stay grounded. I practically want to quote every tweet of this thread here.Naman Sarawagi @NamanSr"Phone utha ke baat Karo. WhatsApp msg pe kabhi sales close nahin hoga."
May 6th 2020176 Retweets733 LikesNaman Sarawagi @NamanSr"Tum log 5min ke call ke liye 10 minute calendar kyun update karto hai. seedha phone kyun nahin karte."
May 6th 20204 Retweets26 LikesNaman Sarawagi @NamanSr"ghar se kaam karoge toh team ko tumahara energy kaise dikhega."
May 6th 20201 Retweet12 LikesNaman Sarawagi @NamanSr"apna vision investor ko becho. Investor ka vision investor ko hi bechoge toh usey Maja nahin aayega. Uska vision hi sahi Hota toh woh Bana leta. Usey bhi apne vision pe doubt Hai."
May 6th 20205 Retweets60 LikesNaman Sarawagi @NamanSr"feedback form toh Acha Hai, uske baad call bhi Karo. Woh kya bol raha Hai aur kya bolna chahta Hai, usme bahut farak Hoga. 40 Saal ho Gaye, Main tumahri mummy ki baat aaj tak nahin samajh Pata, tum customer ki baat star rating se kaise samajh Gaye?"
May 6th 20207 Retweets93 Likes
One the things I love to understand are the unintended-consequences & the 2nd/3rd/multi-order effects of a decision. One advise by somebody in Urban planning, I’m sure people don’t even recall who, to plant only male trees in our cities so that it becomes easier for civic authorities, has given rise to an un-precedented problem of pollen-pollution & also withheld from us some good opportunity for wonderful flowers & fruits.
I always wondered why aren’t there any fruit trees planted by anyone, I guess I now know one of the reasons & how we are worse off because of it.Antonia @Flaminhaystack*THREAD* After buying a house with his wife, who suffers from allergies, Tom Ogren wanted to get rid of anything on his property that might trigger an attack. He began examining the neighbourhood when he noticed something unusual Every single tree was male 1/
May 5th 20207,598 Retweets21,147 LikesAntonia @FlaminhaystackNo one wants to cut down trees already planted, so changes are slow to implement. If you're wondering why you spend a good portion of the year suffering from allergies, think back to the origins of urban forestry & planting of only male trees. /End
May 5th 2020595 Retweets4,700 Likes
People are acting towards solving this problem but its going to take decades for things to normalise & it will again have un-intended consequences, for better or worse is for time to tell.
Mobile-app companies outsourced their login process to third party applications, its natural. Users love it & it makes things easy for the devloper too. But what happens when that dependency breaks? Here is a story about what happened when the login api of facebook broke.Anil Dash 😷 @anildashFor non-coders, a little explanation of why mobile apps from Google, Spotify, Apple, NYT, Venmo, Walmart and many others all broke for a little while this afternoon. (Short version: they all use code from Facebook, so when that broke, they all started crashing.)
May 7th 20201,506 Retweets3,884 Likes
The way AR is improving day-by-day. We are in for some amazing ride in the coming years.
This is really cool. How our eyes adjusts to different situations. Or is it just the camera?
Seems like its not just Indian government which is bad at this. Maybe world over all the governments have become the same?
An interesting read on how a software design lead to a 100Mn Dollar loss for Interactive Brokers.
When oil prices went negative I was more surprised that the software had that functionality built in to allow negative prices. That just sounded crazy to me from a design point of view. But ofcourse somebody had the foresight & unfortunately some didn’t.
These are solid guidelines for personal finance in this thread. This is mostly it. It’s just this boring. Same thing repeated over & over again in different words.prabhakarkudva @prabhakarkudvaGood Personal Finance is so simple that it is too boring to execute. A Thread.
Paras Chopra @paraschopraStartup idea: a helpline for people in their 20s to give them basic financial literacy. Just avoiding basic mistakes in 20s (like keeping everything in savings or buying a house or settling at a low salary) can make people substantially richer in life.
May 8th 202021 Retweets58 Likes
Another gem of a quote. “Personal finance is more personal than it’s finance”. But almost everything is.
Plastic was invented to save the nature. What an irony!Rajat Ubhaykar @rajatubThis blew my mind. Up until the 1870s, billiard balls were made of elephant tusks. Ivory! So billiards suppliers put out an NYT advertisement promising $10,000 to anyone who came up with a cheaper substitute material, leading to the invention of what we know today as PLASTICS!
May 9th 202031 Retweets123 Likes
Here are some resources…
Impact of COVID-19 newsletter. Esp on economy.Romit Mehta @romit_udPSA - I am starting a newsletter to track and simplify the economic impact of COVID. A ~500-word piece summing up the best articles, videos, memes, tweets and podcasts will be delivered to your inbox twice a week. Sign up here
March 29th 202010 Retweets38 Likes
Stay safe & prosper!