Key takeaways, - It's okay to spend time to sharpen your axe before you cut the tree. It's good to learn different skills, figure out whom you'd want to work with, familiarize yourself to the industry, before making the decision to start up. - Timing matters, but you have to do all the hard work to reap the rewards when luck arrives. - Raising funds shouldn't be the end goal, it can be a possible way to fuel your business, but serving capital comes with its own downside. - What's the benefit of bootstrapped? You have autonomy and freedom. You can be nimble , transparent, and play the long term game because you don't have to pay interest/returns to your financers (because customers are your only financers) - The First 10k customers are hardest to get. - Anything that doesn't benefit the customer is just short term thinking. - Metrics can sometimes distract you, so choose your metrics very carefully. - There's a thin line in being known as passionate or foolish. Feel free to comment if I missed something important :)
The First 10k customers are hardest to get. Very True. I feel its about believing in the idea we have and to start working over it and then just keep working. Eventually it will have a SnowBall effect someday down the line. Thank You Kunal Sir & Nithin Sir for putting this out. I hope CRED's youtube channel turns into something like the Y-Combinator youtube channel. This might not blow up, but this is priceless knowledge just sitting here for people to come and consume.
hey CRED spend some money on getting a good production quality for podcasts, this would have been 100x better if the production quality was good, but anyway its always good to hear Nithin Kamath and Kunal Shah
I totally agreed with Nitin that over Consumerism is killing our planet. There’s a book by Annie Leonard”The Story of Stuffs.” It’s a Must read!!! I read it a long time ago and Stopped spending Unnecessarily.
Nice conversation. Mr. Kamath, at many places nicely giving it - on capitalism and consumerism - and Mr. Shah cringing but bravely putting up with his guest :) looking forward to more such conversations.
Very curious to see in future how kunal is creating multiple monetisation models on top of distribution of CRED. The type of users that CRED has access to has consuming power. They are most probably going to print money in future. Kunal is applying the hypothesis behind cult formation behind the creation of product. Great things to learn from this person.
Great Guys! You all are intellectuals and Great leaders of tomorrow . Very Lucy to get burnt in the heat of globalization and having wisdom to understand it and taking plunge in that as well. Grow guys and I am watching you all and curious what you will be in next 5yrs from now.
The entire discussion is a dive into the heads of the brains of two of the greatest entrepreneurs of our gen. Entrepreneurs have a lot to learn from the clinical attitude of Nithin. Amazing how he runs a business with the thinking of a retail customer, and emphasises on values like trust, good karma etc.
Such an insightful conversion, not suprised when you have Kunal's presence! Nitin comes across as a next door guy & adorable person! How many times you hear from a person that made it in life say.. i did have targets for money, watches, cars!
Listen...One of the 3 best people.../ talks I have heard. One 1) Late Eknath Thakur of Sarsswat Bank . Two 2) Agha Khan s interview. Three 3)This interview Cred curious Kunal Shah interviews NITHIN KAMATH ..( BEST WISHES ...)
2 great minds conversing leads to many average minds expanding...👍🏻 Real, on point talks....get similar ppl more frequently and it'll be great for audience...💯
Extremely valuable video Video which has lot of cussing got million views And this video got very less views And then people of the country say saari galti government ki hai, uski hai, iski hai naukri nahin hai What you feed into your mind decides your future Khara sona hai yeh video
Great podcast...just being curious ..appreciate if kunal and the guests could set up much better sound system.....it would be such a great viewing and listening experience.
Core points : You can't survive bootstrap in an e commerce platform . Keep bootstrapping your buisness , cause there is no tention of return of money by potential growth etc. There is a very thin line between passionate and foolishness. If it works out people call you passionate if doesn't they call you foolish . Money is not matter when you are reach. Do things that you love and make something with the people whoom you know from long time. Making co founder is like marriage. You can't start a startup with just a new and random idea . First you have to know that buisnes first . If you are open minded ideas will come to you . Don't start it just for you have got an idea. Do research . Thank you 😊
Sir I would like to request you to make a free course on entrepreneurship on UA-cam . Like how to start a business or startup from a scratch and build it to an established successfully company . Please sir....🙏🙏
I don't understand why kunal is uploading this type of content on CRED's channel, people who subscribed cred is probably not interested in Building startup rather u talking with any celebrity.
There is a big difference in the way both Nithin and Kunal Shah do the business and that difference in advertisement. Nithin never done any advertisement for the zerodha ever, he only believe that if product is good enough it will do it's advertisement by itself only, on the other hand Kunal do advertisement on very large scale for the cred. Can someone please tell me why this difference, because the product which is offer by Kunal is also a great than why he is putting that much on advertisement.
With all respect to your app, please get rid of the ads. They are cringe. I come from a not so rich family, so i can't afford to pay for UA-cam premium to dodge the cred ads altogether. And i am not joking while I say this. Thanks.
"Bootstrapping allows you to stay real" - Loved the statement with emphasis on how metrics are blown up with the 'next billion' narrative of India.
This is fucking gold. Rarely do you get to see a conversation so honest, open and illuminating between figures like these.
Nithin is a great example of 'Give without expectations, and you are prepared to receive.'
The Podcast is great.... We just need some sound panels to reduce the reverb on kunal's side . Please do the needful.
also it will be good if windows are good rather than those huge black padding around
Completely agree
Wow! that's the most corporate comment on UA-cam.
All they need is a cheap microphone.. they must be using normal laptop mic
Yes !
Must watch. Two great minds coming together. Big respect to Zerodha Zerodha Varsity changed my life.
@blisteringheightsofstupidity By Inculcating Knowledge
Key takeaways,
- It's okay to spend time to sharpen your axe before you cut the tree. It's good to learn different skills, figure out whom you'd want to work with, familiarize yourself to the industry, before making the decision to start up.
- Timing matters, but you have to do all the hard work to reap the rewards when luck arrives.
- Raising funds shouldn't be the end goal, it can be a possible way to fuel your business, but serving capital comes with its own downside.
- What's the benefit of bootstrapped? You have autonomy and freedom. You can be nimble , transparent, and play the long term game because you don't have to pay interest/returns to your financers (because customers are your only financers)
- The First 10k customers are hardest to get.
- Anything that doesn't benefit the customer is just short term thinking.
- Metrics can sometimes distract you, so choose your metrics very carefully.
- There's a thin line in being known as passionate or foolish.
Feel free to comment if I missed something important :)
nice👍🔥
Can you please tell me the timing of "Thin line between being passionate and being foolish"
@@aayushupadhyay5396 17:31
Thank you 🙌
Thanks 👍
The First 10k customers are hardest to get. Very True.
I feel its about believing in the idea we have and to start working over it and then just keep working.
Eventually it will have a SnowBall effect someday down the line.
Thank You Kunal Sir & Nithin Sir for putting this out.
I hope CRED's youtube channel turns into something like the Y-Combinator youtube channel.
This might not blow up, but this is priceless knowledge just sitting here for people to come and consume.
Sar piz pzi hela u sar
hey CRED spend some money on getting a good production quality for podcasts, this would have been 100x better if the production quality was good, but anyway its always good to hear Nithin Kamath and Kunal Shah
Enlightening, Nithin is a gem of a person
OO bhaii sahabbb !!! such an epicc colabb !!! Founder and co founder of great companies like CRED and Zerodha !!! salute man ! value info !
Irony is cred depends on spending while zerodha depends on savings
what a catch....
I totally agreed with Nitin that over Consumerism is killing our planet. There’s a book by Annie Leonard”The Story of Stuffs.” It’s a Must read!!! I read it a long time ago and Stopped spending Unnecessarily.
Nithin Kamath coming to the 'CRED' n talking about excessive consumerism.! LOL! Nonetheless, I thank them both for this conversation.
Damn
Lmao
That was the irony of this talk. I would have loved it even more if it was done kind of debate between the two
I love the way he talks about edge, risk to reward in normal conversations 😂
A true sign of a trader
Nice conversation. Mr. Kamath, at many places nicely giving it - on capitalism and consumerism - and Mr. Shah cringing but bravely putting up with his guest :) looking forward to more such conversations.
Nishchal Shetty is exactly doing this with his Crypto Exchange. Nitin Kamath you are an Inspiration. Kunal Shah your tweets and thought are GEM.
I still cant understand CREDS business model.
its Pure Gold Hope Kunal do more Podcast Like This
Very curious to see in future how kunal is creating multiple monetisation models on top of distribution of CRED. The type of users that CRED has access to has consuming power. They are most probably going to print money in future. Kunal is applying the hypothesis behind cult formation behind the creation of product. Great things to learn from this person.
Great Guys!
You all are intellectuals and Great leaders of tomorrow .
Very Lucy to get burnt in the heat of globalization and having wisdom to understand it and taking plunge in that as well.
Grow guys and I am watching you all and curious what you will be in next 5yrs from now.
The entire discussion is a dive into the heads of the brains of two of the greatest entrepreneurs of our gen. Entrepreneurs have a lot to learn from the clinical attitude of Nithin. Amazing how he runs a business with the thinking of a retail customer, and emphasises on values like trust, good karma etc.
Such an insightful conversion, not suprised when you have Kunal's presence!
Nitin comes across as a next door guy & adorable person! How many times you hear from a person that made it in life say.. i did have targets for money, watches, cars!
What the heck! My both mentors are here together ♥♥♥♥♥♥♥♥
CRED Should have customer care ... so that people can have more confidence and support for this app(CRED)...
This is PURE GOLD..!
To anyone trying to understand this conversation deeper read "The Psychology of Money" by Morgan Housel.
Listen...One of the 3 best people.../ talks I have heard. One 1) Late Eknath Thakur of Sarsswat Bank . Two 2) Agha Khan s interview. Three 3)This interview Cred curious Kunal Shah interviews NITHIN KAMATH ..( BEST WISHES ...)
2 great minds conversing leads to many average minds expanding...👍🏻
Real, on point talks....get similar ppl more frequently and it'll be great for audience...💯
'Enlightening' is too bigger word but this interaction is enlightening atleast for me.. 🔥🔥
Insanely resourceful podcast. Only suggestion is to improve the audio quality and do hell of a lot more episodes!
This was one of the best enlightened podcast i ever saw.......bring out more cred team, i am hungry
All of nithin's points are against cred fundamentals!
My 2 most favourite people in India startup ecosystem.
@jami0070 because smartness and honesty
Seeing two legends on One Podcast....It is a "Pot of Gold"....
It's always such a pleasure to listen to Nitin.
Extremely valuable video
Video which has lot of cussing got million views
And this video got very less views
And then people of the country say saari galti government ki hai, uski hai, iski hai naukri nahin hai
What you feed into your mind decides your future
Khara sona hai yeh video
This video is great, sharing the experience of 2 successful founders, really informative
Thank you Kunal for asking questions that matter and which elicit real answers.
55 minutes spent well.
you dont need to watch this L
Want more of these no matter how low the views get
Thank you for putting this conversation out for the general public ... Looking forward to more..
This podcast has lots of deep insights and it was simply amazing 🔥🔥❤️👍🏻
Nitin is reliable vs Kunal - validity of Kunal's Data about GDP of Bangladesh and working women in Bangladesh.......
Plz more videos lke these .....
Please bring more of this
Wow -- as a terrible student it is great to listen to this engaging conversation between 2 terrible students
I like this guy Nithin Kamath he is very practical!
looking forward more podcasts like this.
very sharp......caught me up in 5 minutes itself!!!
What a great question by Shah. How to take good decisions?
A Super rich Entrepreneur/stock broker speaking about consumerism and planet...❤️❤️
Still I believe cred is burning too much cash for a simple app
This is absolutely brilliant
Hello to all the upcoming entrepreneurs 🤘
Great podcast...just being curious ..appreciate if kunal and the guests could set up much better sound system.....it would be such a great viewing and listening experience.
After this comment of Nithin's on over consumerism and how its destructing our planet, Kunal has "switched Gears" and is gone in a Meta State 😂😂😂
Nithin kamath is 41 and kunal shah is 37. Just putting it out there.
Thanks cred and kunal to share knowledge 👍
One of the best interviews...
The payment on CRED app is going very lengthy. Company has to consider this point.
He is 41, Man wisdom nurtures with time
Kunal is very insightful , he listens well.
Superb... We need more like this
Core points :
You can't survive bootstrap in an e commerce platform .
Keep bootstrapping your buisness , cause there is no tention of return of money by potential growth etc.
There is a very thin line between passionate and foolishness. If it works out people call you passionate if doesn't they call you foolish .
Money is not matter when you are reach.
Do things that you love and make something with the people whoom you know from long time. Making co founder is like marriage.
You can't start a startup with just a new and random idea . First you have to know that buisnes first .
If you are open minded ideas will come to you . Don't start it just for you have got an idea. Do research .
Thank you 😊
Video no.2
Thanks for concising it and putting back on UA-cam!
incredible learning from just a single podcast wow!
Respect to both of these legends
Great Conversation. Thanks for sharing consistent work on you passion and luck that build you.
Conversation full of lessons 🙌
shouldn't we compare GDP per capita in terms of PPP rather than LCU?
Kunal sir ,
no furniture = echo
This aged like wine
Are cred podcasts available outside UA-cam? Like on Spotify or Pocket casts?
Cred is doing well, kunal invest a bit on this UA-cam channel, can’t watch recorded zoom like sessions.
Sir I would like to request you to make a free course on entrepreneurship on UA-cam . Like how to start a business or startup from a scratch and build it to an established successfully company . Please sir....🙏🙏
I don't understand why kunal is uploading this type of content on CRED's channel, people who subscribed cred is probably not interested in Building startup rather u talking with any celebrity.
Cred k add kam karo yaar mere pas to card bhi nahi h 😓
I was waiting for this recording.
Great insights, great perspectives and enlightening glimpse into the working of great minds
Nithin is the best.. Humble and smart.
Legends 🔥🔥
39:55 i also started loving books by initial reading comics....
Thanks Kunal ❤️
Wow.. you guys earned my respect.
There is a big difference in the way both Nithin and Kunal Shah do the business and that difference in advertisement.
Nithin never done any advertisement for the zerodha ever, he only believe that if product is good enough it will do it's advertisement by itself only, on the other hand Kunal do advertisement on very large scale for the cred.
Can someone please tell me why this difference, because the product which is offer by Kunal is also a great than why he is putting that much on advertisement.
Bring Ratan Tata on podcast. This was a great one though.
Bangladesh's per capita income did surpass India's per capita income. 🤯
Loved the podcast
Loved the conversation! Would like to see more of these
Good conversation..thank u both..
If possible have a conversation with balaji vishwanathan
Watched almost Full
Reading Book is Realy a Magic ❤️
What is your relationship with money! What a question!
amazing and very very deep insights as always from Nithin..loved it .....
can't believe there are people who disliked it
Communists maybe
Do a poker live with Startup founders someday!
Please add payment by debit card option available in app
two legends together
yes
With all respect to your app, please get rid of the ads. They are cringe. I come from a not so rich family, so i can't afford to pay for UA-cam premium to dodge the cred ads altogether. And i am not joking while I say this. Thanks.