Adithya Santhosh

You have no experience. You’ve never started a company. You’ve never had a full time job. Nike is going to kill you. You’re a kid. You don’t have technical skills. You shouldn’t build hardware. Apple is going to kill you. You can’t build hardware. You can’t measure heart rate non-invasively. Athletes don’t care about recovery. Under Armour is going to kill you. It won’t be accurate. You don’t listen. You’re an ineffective leader. You can’t recruit great talent. You’re going to have to pay every athlete. You can’t measure sleep non-invasively. It’s too expensive to research. Athletes are a small market. The product costs too much to make. The product costs too much to sell. Your valuation is too high. Consumers aren’t going to want it. Hardware is too hard. You should measure steps. Fitbit is going to kill you. You can’t build a marketing engine. You can’t raise enough money. You need a real CEO. Google is going to kill you. You can’t be a subscription. You can’t build a brand. You can’t do consumer in Boston. Your valuation is too high. You shouldn’t make accessories. You shouldn’t make apparel. Lululemon is going to kill you. You can’t predict Covid. Stay in your niche. You are going to run out of money. You can’t build a health platform. Amazon is going to kill you. You can’t measure blood pressure. You can’t get medical approvals. The market is too small. You don’t understand AI. The market is too competitive. It won’t work internationally. The supply chain is too complicated. You can’t build an AI. You can’t raise enough money. It’s too competitive. Healthcare isn’t going to want it. … Just keep going ✌️

We spent $15,000 on billboards targeting one person: the guy controlling all the chemical spend at a saltwater disposal company in Texas. We mapped his commute and bought every billboard between his house and the oil field. When we finally called, he said "I see your billboards everywhere." That landed us our first oil field contract. At the time our entire operation was a $10,000 reactor built from PVC pipes from Home Depot, turning corn sugar into industrial chemicals. People keep trying to throw it away. It still works. That leaking reactor started a multibillion-dollar company. @ycombinator visited our plant in Houston. The original PVC reactor is still on the floor next to the Bioforge.

In Feb, @Procol_ procurement agents went live into production for a Fortune 200 company 🤝 AI agents- -Created 100s of RFQs -Spoke with 1000+ vendors to negotiate -Followed up with CXOs for approvals -Awarded orders worth $1m+ Autonomous procurement is live 🚀

Introducing Genie 3, the most advanced world simulator ever created, enabled by numerous research breakthroughs. 🤯 Featuring high fidelity visuals, 20-24 fps, prompting on the go, world memory, and more.

Ride share disruption in Mumbai meant blume to Andheri in kaali peeli and then I thought may as well ride the new metro line back Have tried once before but Amazing AC and great company aside, managed to hold a zoom call uninterrupted 3 escalator levels down - surprised and impressed As were Adithya and Gaurav who were on the call.

Hey @akothari I saw the release of Notion Enterprise AI overnight, got super-excited, and signed up for it (paid $24 out of pocket). This is nothing new for me; I am generally an early adopter of AI tools. Sad to report that the experience is really mid. My use case is to surface insights/notes from my Readwise database (all Readwise entries hit Notion). Here's an example. I asked the most basic thing. Here's what I asked Notion AI (and the response). This is incorrect. So, I thought that perhaps I hadn't specified the criteria for 'recency.' I did that in the next message. (Ideally I shouldn't have to because the AI should pick it up). And this is the next response. And here's the actual list of the recent 5 entries in my Readwise library. Almost all other queries recd similar hallucinated responses, including entries which don't even exist in my library. I am wondering if the product is still in Beta? and if it is, perhaps worth providing a way for folks like me (early adopters) to send you all feedback in the app (rather than venting it out on Twitter). Happy to help if you all want to improve the AI experience but right now I almost feel like asking for my $24 back :(.

Omega Files returns! Bigger, deeper, and, dare we say, more revealing. Omega Files Episode 1 caused quite a flutter, diving deep into Fund I and sparking plenty of whys and hows. This time, the authors Karthik Reddy (@BKartRed) and Adithya Santhosh (@AdithyaS017), are back with an even deeper analysis: unpacking IRRs of Fund I and IA, offering patterns that mark the winners, and how Indian VCs are scripting their own success stories. Blume Ventures proudly presents the next episode of Omega Files. Here's a glimpse of what to expect.

@postNutView @BKartRed @KeshavduttReal @arpiit @SeekingN0rth @BlumeVentures @sanjaynath @AshishFafadia @mehtaalok @mitul_am @saritaraichu @riashroff Chat GPT for the AI generated images, and simple old google suite (slides, sheets etc.) for the rest :)

Reporting a fund is easier than digging deep into the innards of the venture craft and sharing valuable insights. Last year's Omega Files Ep 1 paves the way to share more this time. It's time for Episode 2 of the #OmegaFiles bit.ly/BVTheOmegaFile… Benchmarking Fund IRRs, Pattern Matching (and extracting signals from noise), Impact generation from venture capital and showcasing more peer funds from the Fund I era (2011-15) are the highlights. And you have to mine the nuggets tucked away. Thanks to our peer funds who graciously agreed to share their performances this year @skg69 and team @YourNestVC @SashaMirchi and team @KaeCapital Kumar Shah and Micromax Corp VC A big thanks to @AdithyaS017 and his intern army of 2. Flashback to Episode 1 bit.ly/BVTheOmegaFile…

Massive respect for Blume -- they've published part II of the Omega Files report and done a few things which few other venture firms would do: (1) Their Fund I & Fund IA XIRR figure - Fund I & Fund IA have produced a pooled 21.5% XIRR - Fund IA was 31.2% XIRR, Fund I was 19.8% XIRR This finally puts to rest the question about "is India VC performing or not?" Blume IA was expectational, I was decent.. PS: In the Omega files part I, they had only published the MOIC (multiple on invested capital) which was ~6x which led some people to conclude it was a 15% IRR... But, that is just the start:

As a VC insider, the biggest question everyone asks is about IRR - does it beat the public market? This discussion is even more relevant during the current bull run. Admire how @BKartRed (along with @AdithyaS017) have let the data speak for itself: 19.8 to 21.5% IRR across two funds over a 12-year period puts it in the top quartile of all asset classes - with actual value rather than notional value, making it even more impressive. The report effectively presents not just the Blume story but the entire industry's narrative and why the Indian Venture ecosystem is here to stay. Our friends at @KaeCapital 's 6.5x return demonstrates how multiple funds have performed well. It's also a testament to the power law, where two companies contribute 75% of the returns. Worth a quick read even if you're not from venture capital but curious about how the venture world works :)

We are grateful to @BKartRed for this opportunity, to @AdithyaS017, Maitri & Naman for their constant support in crafting this guest feature, and finally to Sucheta, Abhilasha, @chaturvedig, @SashaMirchi & Abeer for all the work done internally to bring this to life.

It's that time of the year again! 🕵️ The OMEGA Files EP.2 by @BlumeVentures : Fund I + IA (2011-15) ft. @BKartRed @sanjaynath @AshishFafadia @arpiit @AdithyaS017 "The job of a VC is to pattern match, but the only stories worth writing are the exceptions to the pattern." 🧵⤵️

Learnt the reveal of this sneaky view of the sneak preview from @sajithpai Kal / Friday release - first day first show ka ticket bhi free hain

Yeh ♎️♎️ kya hain? Watch….. This…. Space…

When you build something customers love, they share it with others! Procurement software will become a default.

#YoungTurks | What does it take to build & run a VC fund? @ShereenBhan in conversation with @BKartRed, Co-Founder & Managing Partner at @BlumeVentures on running a successful VC fund, Blume Fund I, its key investments & much more WATCH: youtube.com/live/5_c1M9VE0… @CNBCYoungTurks #vcfund #funds #investments

Here is why I declassified the Omega Files ... 2023 was just the first glimpse, the first edition... Read on...on what it means for each Fund / Blume stakeholder blume.vc/commentaries/t… @BlumeVentures @AdithyaS017

Career update thread! 2nd half of 2023 was riddled with deep introspection. ~2.5 years ago, I joined @BlumeVentures with a few short term goals (understanding how startup and VC ecosystem works, testing my hypothesis that my skill sets could be put to good use in VC, … (1/n)