Aditya

@BadCapitalVC @patrick_oshag @AnthropicAI Perhaps worth noting that Not many opportunities exist that have that insane alpha / explosive growth scenarios, Anthropic is a rare case where a true alpha scenario exists and the market is willing to fund it.

Most financial planning by companies is built to survive the worst case. Reserves exist as a cushion against what could go wrong. Capital structure is organised around managing downside. On @patrick_oshag's podcast this week, @AnthropicAI's CFO Krishna Rao described an inverted version of this. They map a wide cone of uncertainty across the next one to two years, then organise their balance sheet against the top of that cone, not the middle. The funds they've built aren't just there to cushion against the worst case but pre-positioned to deploy if the most explosive growth scenarios materialise! It makes sense when the upside isn't incremental but exponential in a company. Being caught underprepared for that moment costs you far more than over-preparing ever would.

@shreyansalecha Shout out to you and the team at GC who actually facilitate this for founders! Also a couple of other folks at Sadev and Sharrp!

mad respect for people who write warm intro messages!

@vaibhavbetter Seed / pre-seed was the original vibe investing

There's more vibe investing in venture right now than on any fundamentals.

@ntkris @kushalbhagia 1) Little appetite for contrarian bets 2) Lack of sector specialist funds that truly understand the nuances of “how things happen” 3) Investors build conviction by either listening to other investors or if repeat exited founder

@kushalbhagia What’s different about India?

Fully agree with this, unless you are a deep technical expert like Dario starting anthropic ( 99.99% founders are not) - the consensus VC view is usually right in deep capital markets like the US. In India on the other hand…

I have never seen such a drastic shift in consumer sentiment wrt one product in a span of an hour. What have you done AP?!

@shreyansalecha Both promise turn of fortunes overnight. For which the TAM is, and always will be, fairly large!

really curious: what's driving seemingly smart people to build in sectors like astrology or prediction markets?

@shreyansalecha I would argue there is another common pattern for most of the big companies - They all found a super large unorganised market and organised it using tech as an enabler.

Here's something I've been thinking about for a while. If you look at every significant Indian startup that's achieved real scale -- Eternal, Swiggy, Meesho, Nykaa, Lenskart, Urban Company, Delhivery, Ather -- not one of them is a pure play. Every single one combines at least two of: technology, physical goods, or a service. I am that it's not a coincidence. Every business creates value in one of three fundamental ways. Tech products are incredibly scalable -- marginal cost is near zero, data compounds, network effects are real. Physical goods let you build brands that a platform can't take away. Services build deep relationships, generate reliable cash flows, and have the kind of repeat that's hard to disrupt. But each one also has a structural ceiling in India specifically. Tech alone struggles here. On the B2B side, most businesses operate on thin margins and have always had cheap labour available. The plan is to validate here, then sell abroad. On the consumer side, the social and discovery layers are dominated by global platforms. With physical products, you run into working capital traps, limited TAM, and rising CACs you scale. Services generate healthy cash flows but commoditise fast in a market where customers negotiate hard on price while expecting top quality. So what happens when you put two of these together? The ceilings disappear. Tech makes a service business scalable in ways that simply weren't possible before -- without routing algorithms and a matching platform, Swiggy is just people calling restaurants. Services give tech businesses the real-world delivery the app alone can't provide. But the deeper reason is specific to how India works. Indian consumers expect exceptional quality at affordable prices. And the only way to deliver on both is to own the value chain. Platforms that rely on third-party vendors hand off control at the exact moment it matters. A delivery that's late, a service professional who doesn't show up, a counterfeit product -- the platform takes the blame regardless. Most importantly, combinations are structurally more defensible. Doing two things well is exponentially harder than doing one, and that's exactly the moat. Now with AI making the tech layer faster and cheaper to build, this matters even more. Tech is moving from differentiator to baseline. Competition will increasingly move to the other two axes -- the quality of the goods, the depth of the service, the reliability of the operations. If you think this only makes sense when looking back at scaled startups, we have a bunch of portfolio companies building it forward from Seed.

@kukreja_abhinav @2015Anantk ex-farmers who never sold their agricultural land in gurgaon

Top careers in Delhi - real estate broker - guy who knows someone in the BJP - ac gas leak repair guy - alcoholic DTC bus driver

Hot take: Some VC-funded startups are wildly out of touch with real India. Sir…your local गुप्त रोग डॉक्टर discovered this “hidden marketing opportunity” 30 years ago. 🛺

@HedgeFundFomo @dhruvbhagat03 @2015Anantk free money

Oil is selling for $114 on the open market but $4.50 at my local gas station I'm sensing a massive arbitrage opportunity here Who wants to help me buy the cheap oil at the gas station and resell it on the stock market for a $109.50 profit?

@GBX_Press @dhruvbhagat03 @2015Anantk

🚨 BREAKING ​Iran's response to Donald Trump: ​"Being a b*stard in the White House is not an insult; it is a qualification criterion."

@IRANinZIMBABWE @2015Anantk @dhruvbhagat03

8 P.M. is not that good. Could you change it to between 1 and 2 P.M., or if possible, 1 and 2 A.M.? Thank you for your attention to this important matter. I.E.Z.

@2015Anantk @BoringBiz_ @dhruvbhagat03 Yes my man

@BoringBiz_ Yamini bhabhi with bungalow @AdiG2345 @dhruvbhagat03

Many such cases

@RT_com @dhruvbhagat03 @2015Anantk

'Then I call up Macron, whose wife treats him EXTREMELY BADLY' — Trump 'He’s still recovering from the RIGHT to the JAW' Puts on accent as he describes his call with French Prez

@dhruvbhagat03 @chakravartiiin @2015Anantk He spoke to a nigerian prince

@chakravartiiin @2015Anantk @AdiG2345

Trump realising he was talking to a pakistani scammer this whole time not an Iranian negotiator.

@Rothmus @2015Anantk @dhruvbhagat03 some man for one man

Trump > Michael Scott

@clashreport @2015Anantk @dhruvbhagat03

Trump: You can ask me anything you want. You can talk sex. Whatever the hell you want.

@KobeissiLetter @2015Anantk @dhruvbhagat03

BREAKING: Iran's Foreign Ministry denies President Trump's statement on peace talks, and says Iran has had "no direct or indirect contact with the US."

@sentdefender @dhruvbhagat03 @2015Anantk

Brig. Gen. Ebrahim Zolfaghari, the Spokesman for the Khatam-al Anbiya Central Headquarters, the unified combatant command headquarters of the Iranian Armed Forces: “Hey Trump! You are fired! You are familiar with this sentence. Thank you for your attention to this matter. The Central Headquarters of Khatam-al Anbiya.”

@dhruvbhagat03 @Deadlykalesh @gharkekalesh @2015Anantk It is worse

@AdiG2345 @Deadlykalesh @gharkekalesh @2015Anantk Bhai it can’t be this bad

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