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In a startup, the new team member:
-joins the founder, not the company
-joins the mission, not the business
-joins the value, not the valuation.
Treat them well and you will have the culture of your startup..
Amrish Rau
3,083 posts
Amrish Rau
@amrishrau
Building Fintech & @PineLabs. All investments thru White Venture Cap. CEO/Co-founder Citrus Pay, PayU, FDC. Squash father...Seen a million balls hit the wall.
Joined November 2013
- - Cursor raised 900Mn at 9.5 Bn - Company is 1.5 yrs old - 4 Founder are 25 yrs - Company went from 100Mn to 300Mn ARR in 4 months - The entire company is less than 50 people. - They are writing 1Bn lines of code everyday Don’t know which line is more mind blowing.
- If startup gets high valuation without creating value, creating actual value feels pointless and hurts in the long run. In some cases getting success too early can also be a problem. For a youth or a startup.If youth gets fame without skill, getting skilled feels pointless and only hurts in the long run.
- Easy peasy. Here you go…
00:00
00:06Once in a while you see great interaction and implementation out in the wild. - Indian merchants are aspirational. They want this, plus that. UPI QR spread quickly thru our country. Merchants wanted one device for UPI transaction confirmation and a separate POS to accept Cards. And both at super low prices
00:00 - Pine Labs Online Payment Gateway has now gone live with: - Blinkit - Flipkart - Zepto - Big Basket - Zerodha Huge Volumes in the Online world.
- If WFH continues for another 18 months, Goa will be the new Bangalore
- HDFC and HDFC Bank merge and no one gets to know. On other hand, two founders shake hands over a beer in Bangalore and everyone knows by the end of the day 😀
- For years we have heard of countries which come together in a calamity. India will come together like never before to fight these tough times. Give it 10 days, and we will witness one of the best fight backs by any country. Hope spreads faster than anything else. #India
- Min age to open individual bank account is 18 yrs. That’s just too late. Financial smartness has to come earlier
- Some fun work by the Engg team. They worked with the NFC antenna to push a digital receipt at the time of txn. Could power interesting brand campaigns next. There is nothing a bored engineer can’t do…
00:00 - Indian startups doing charity in their unique way. Not just large money donations (passive), but also dedicating their time, resources and network (active) to make a difference. Its a great time to be an enterprenuer in India !
- What did you get done this week? This was one of the messages from Elon Musk to the Twitter CEO, Parag Agrawal. Many were surprised and some found it to be offensive. In Sales world, you are only as good as your last quarter and in some cases, as your last week.
- Edtech in India is getting good investments. This will translate into better remuneration for teachers. In turn, this will bring brilliant minds to academics. Leading to well educated students. The story isn’t about valuation. It’s about changing grass root education in India
