Lakshay Papneja

you know your friend has raised vc money when you see him ordering these

I have often said this to our employees: the fact that software engineers get paid better than mechanical engineers or civil engineers or chemists or school teachers is not some birthright and we cannot take that for granted, and we cannot assume it will last forever. The fact that customers pay for our products also cannot be taken for granted. This is to remind ourselves that we can be "disrupted" - and the more we assume we won't be, the more likely we will be. Or as Andy Grove of Intel said "Only the paranoid survive". The productivity revolution I see coming to software development (LLMs + tooling) could destroy a lot of software jobs. This is sobering but necessary to internalize.

When the largest brokers come together invest in an exchange and promote the product, it is bound to gain volumes. BSE being the oldest and the most reputed exchange, took nearly 5 years for the traders to build trust in their derivative segment. Brokers didn't adapt because the exchange didn't have liquidity and exchange didn't get liquidity because the brokers didn't adapt, this cycle nearly went on forever. The major game changer for BSE was Zerodha taking 5% in BSE stock and introduced BSE Options on Zerodha. Once this happened, a lot of clients started to pressurize smaller brokers to add Sensex Options. This one move by zerodha introduced nearly 6million traders to Sensex overnight, with more brokers getting added the liquidity automatically picked up. Now with Zerodha Groww and Share India all coming together it can surely happen, as they will have more to gain from people trading on MSE, rather than in NSE or BSE. But the question is do people really want a new expiry with another exchange?

AVERAGE BANGALOREAN- Bro your F&B journey is so cool, pls tell me more about your startup story & journey, planning a franchise as well. AVERAGE DILLIWALA- Paaji apki dukan dekhi thi Defence Colony wali, mahine ka 4-5 peti to kamati hogi, hume b ek franchise dedo.

Wow! Mental health is a joke for Finance Minister.