YC’s first-ever India Startup School is on April 18 in Bengaluru.
We spoke to @agupta about the timing of the Startup School, how seed stage capital in AI is still lagging, YC’s earlier India cohort of Meesho, Razorpay, Groww, Zepto who had to flip back to India and pay huge taxes as the listed or plan to list and also the recent ARR controversy around another portfolio firm Emergent.
On the funding gap. “There’s too much capital going to a small number of companies at the very top, and not nearly enough going to seed stage firms.”
On the Emergent ARR controversy: Emergent, a YC S24 company, claimed $100M ARR just 8 months after launch sparking a debate on vanity metrics. Gupta said without specifying anything on Emergent, “It's totally possible there are some companies picking a metric that makes them seem better or worse or whatever. But one thing I’ll encourage everyone to keep in mind…if you look at the growth of the top model lab companies, people consistently believe it is impossible for them to achieve their growth, and then they do it over and over again.”
On flip back tax from YC portfolio ( which makes it mandir to domicile outside of India) Groww: $160M. Meesho: $280-300M. Razorpay: around $150M.
“We have a lot more information now… we’ve seen the experiences of those companies, so we know how to prepare them for what’s ahead.”
W/@pranavmukul@ETtech
The Government has notified the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of ₹10,000 crore to mobilize venture and growth capital for the country’s startup ecosystem.
#StartupIndia#Innovation
Read More: pib.gov.in/PressReleasePa…
BREAKING: Tata Sons chairman N Chandrasekaran issues statement on TCS Nashik probe
Says the allegations are "concerning and anguishing". TCS COO Aarthi Subramanian will lead the investigation
Full Statement by N Chandrasekaran, Chairman Tata Sons ⏬⏬
The complaints and allegations emerging from the Nashik branch of Tata Consultancy Services have been gravely concerning and anguishing.
This incident is being treated with the utmost seriousness. Action has already been initiated against the accused employees, and the company is extending its full cooperation to the ongoing investigations.
The Tata Group maintains a zero-tolerance policy towards any form of coercion or misconduct by its employees. A thorough investigation is underway to establish the facts and identify all individuals responsible for this situation.
Ms Aarthi Subramanian, Chief Operating Officer at TCS, will lead this investigation.
Appropriate and stringent action will be taken against those found guilty. Any necessary process improvements or corrective measures will be promptly implemented and strictly enforced
Data centres are massive drains on power and water and are increasingly constrained by geography. And the pace of new compute demand is outstripping visible terrestrial power build-outs. Local regulations and environmental considerations are additional constraints that need to be managed.
The next logical step? Move them to space.
In orbit, data centres can be modular, powered independently by solar panel arrays, and cooled via radiative heat dissipation into the cold vacuum of space (which is at -270 C). The @nytimes article below explores this idea which is now being pursued by multiple companies.
We at @BluehillVC are exploring multiple ideas along this value chain of space including power, compute & communication.
This is how Grinding of Chandanam is done for Sri Varaha Narasimha at Simhachalam temple during Akshaya Tritiya
Varaha swamy is covered in Chandanam whole year & only on Akshaya Tritiya day Nija roopa darshan possible.
@AngadDaryani, Founder & CEO of @praan_inc, grew up with asthma in Mumbai. Every Diwali, his family had to leave the city so he could breathe.
That struggle turned into an obsession. He dropped out in Class 9, built robots before he was a teenager, and eventually landed at Georgia Tech, carrying a 5-ft metal prototype across campus, asking: what if we could rebuild the air itself?
Read about the inventor, the obsession, and the mission that's only just getting started here: #google_vignette" target="_blank" rel="nofollow noopener">financialexpress.com/life/technolog…
This Bengaluru-based startup can scan every single plant on a farm.
And decide whether to spray it with pesticide or not.
All in a fraction of a second - cutting down your pesticide usage by up to 60%.
And behind this innovation is this tiny camera called Niqo Sense which can scan farms 30 times every second and has the capability to decide exactly what to do with the plant down to the millimeter level accuracy.
And now they are exporting their products to the US.
Rare interview of Ashish Kacholia where he explains his Investment framework
“Find out companies which have a Moat, which are not replaceable, which provide unique solution. If in software business, look for economies in scale.”
- Ashish Kacholia. 2022. Fortune India
Iran has granted special transit approval through strait of Hormus for only five nations - India, China, Russia, Iraq, and Pakistan. If these countries continues to trade with Iran, send and receive ships, would Trump attack them as he said any ship allowed by Iran would be attacked? If America attacks vessels of Russia, China and India - what would be the consequences? Trump is dragging the world to a quagmire.
I understand each one has a different lifestyle. I also understand Rs.10 crores look scary as only a fraction of population has that kind of money.
Since world is becoming more uncertain and unpredictable, aim for safety corpus equal to three years of your lifestyle expenses. Those who can afford can increase it to 10 to 15 years of life style expenses.
The corpus would vary for each one as lifestyle differs from person to person.
An NGO in Pune rescued 13 Bangladeshi girls from a human trafficking racket.
Instead of gratitude, the same girls attacked the caretaker Laxmi and fled the shelter.
This is the reality of illegal infiltration that Hindu India is being forced to face.