The Indian market is very different from other countries. We try to maximise the value we get per rupee before making any purchase. Great point Carl, this was an insightful video!
"We try to maximise the value we get per rupee before making any purchase." No, it is because majority of india is extremely poor. So most will only be able to buy the cheapest product available. Rich indians always buy iPhone but 70% of india live way below poverty line. So for around 25%, they can only afford the cheapest product available which is usually a chinese phone. This is just facts not value for money.
@@magicmagus1459 nope,it's the Indian mindset and hypocrisy .I've seen many bargain from street vendors while paying extra in shops like Zara.We live in a very hypocritical society.My father who has his own real estate business uses a 20k Vivo phone while his driver uses an iphone 13 .I buy Nike t shirts for the driver while i have never bought a Nike or Adidas or any branded t shirt or anything coz it's a waste of money for me.Its the mindset that gets created in poor societies about brand defining status and poor and middle class people mostly falls for it while actual rich people properly manages their expenditure and hardly cares about brands.
Some IMP Moments 1:04 Funny Start by Carl 3:40 If we didn't try, who else would 8:03 Carl thoughts on Nike 9:56 Building a Brand 12:18 Strongest competitive adv. for a company over a long run is its Culture 12:37 4 Values of Nothing - Be the change, Pride and Product, Diversity and Survive. 16:20 Kunal on Pride and Product 17:15 Gut Feeling 31:23 Practically No Competition in Smartphone Industry (Apple vs Others) 36:04 Kunal insights on Mediocre talent 37:00 Not just about owning details but about predicting accurate details 37:06 Being very right often is a sign of great talent 41:30 You can't build substance in life unless you are consistently putting your wealth, reputation and health at stake 41:51 Young people in India are worried about their reputation, though they have none - Not taking risks, Not pushing limits because of it Questions from Kunal 1:55 Why did you start this company, What is unfinished business you are trying to accomplish 4:00 You could do easier business, Why hardware? 5:19 How to build a brand? 10:25 Why is it hard for people to understand the importance of brand 11:54 What were the values you agreed upon while starting Nothing and at what stage they accomplished 17:33 Starting with lower price point and then move to next levels. What about that 22:01 Insights behind the design 24:27 Vanity for the sake of vanity should exist in the product 25:20 Two of the biggest crisis you have deal with 27:25 What you are most scared of? 28:46 Difference between Indian Consumer and Consumers Outside of India 30:53 How did Nothing created market environment for their premium category 30:05 What's your role in company? 34:22 Traits of mediocre talent 43:00 Teams Questions
A lot of learnings here💯 Especially this👇 Trait of mediocre people: They seek for external validation to measure how well they are working instead of being sure in themselves that they've delivered work to the best of their capacity.
At 17:12 when Carl says 'Gut feeling is not random' - the editor of this video has done a great job to capture the head movement of the lady. The moment just makes the belief in the statement stronger.
'Trying to think though there is NOTHING on the mind, brings SOMETHING to the mind' Carl Pei got SOMETHING called NOTHING💪 Worth watching the entire podcast❤ Quality one!
Nothing seems to have cracked the code for marketing in the post-pandemic era. To put the main guy in the spotlight, first with Beerbiceps and then with Kunal Shah, is a risk that paid Apple very well (Steve Jobs' iconic presentation for iPhone launch). Something which chinese companies could not do, and currently Apple is not interested in. Will be fun to watch Nothing sales graph in the coming year.
Loved the conversation....from Kunal its always a deep learnings.... One quote I could probably take away form here is You cant build substance in life unless you are consistently putting your wealth,reputation,and health at stake. ~Kunal Shah
But look after your casino app (CRED). Where payments used to settle instantly now is facing a lot of failures along with long settlement time for hours and hours.
one is business men, another one is innovator, thats pretty sums up everything that why we dont have such indian brands who deals with smartphones, business men cannot run companies like apple, nothing etc, innovators and engineers does.
One of the best interview I had watched so far I was eagerly waiting to watch these interview & it's totally worth it. Kudos to both kunal shah & carl pei.
Best conversation happened when you ask right question. Kunal did it every time he spoke. Weather he is on the answering side or host side, he always did a great job. Refreshing experience to heard Carl and his story. Love it.
Kunal shah is like the movie - “everything everywhere all at once”, you don’t always need to do how it is supposed to do. CEO interviewing CEOs in front of the organisation. Kunal is not building a product/ company , he is building a cult.
What I mean is just like zoho mafia we will soon have cred mafia - incredible companies out from ex-employees of cred. All because of the kind of leader Kunal is.
His leadership skills are definitely good. Personally, I feel he's too philosophical sometimes. But overall, yes, we may soon see talented people from Cred too.
Kunal Shah may very well be smart, but he is a little too self-opinionated for my taste. I wonder if he thinks people who are quiet are not curious, simply because they're quiet?
Why Cred have not establish customer care in India, It's big question mark. When Indian customer have any issues and faces any transaction problem, customers have only one step-"WAIT & WATCH" "WHEN INDIAN CUSTOMER GOT CUSTOMER CARE"
The amount of data Xiaomi, Vivo, oppo collects, It's just scary. I used to use Xiaomi phone and few permissions are taken automatically and people can't revoke them. Permissions include body movements, location, call history, messages, sensor etc for a security app which doesn't make sense. 🤷
refer later 04:00 hardware is hard 05:35 importance of a brand 06:23 hunger as motivation 11:38 difference in countries 17:08 what is gut feeling 20:44 be an ant (vs lion) 34:22 medicricity 36:31 dog owner vs dog walker 37:20 lack of curiosity 44:08 compounding people 42:32 just want to learn 43:40 fast follower startegy 48:37 on idiots
Loved watching this. Funny enough, he didn't answer my favourite question among those - what are the learnings so far from challenging industry giants like Apple and Samsung? Could we bring him back to answer those?
It could be better if you removed the distractions After all this was amazing podcast Vijay setupathi as host is really amazing , cred should keep this guy as host
Mindset of Indian consumer :- most value for money stuff within a set budget . Like what is the best value that a company can provide at 15k . That's how I do it atleast .
Loved the podcast, however I just noticed how differently these two guys think on one hand we had Carl who emphasised on how the top management must be efficient at collaboratively working with his colleagues even when there are differences because it is your responsibility to be able to sort the differences. On the other hand Kunal believes that some people never take Criticism constructively. I so wished that he would take the responsibility of delivering the Criticism in a way that might help the other person. Just complaining about it with no solution won't help.
Okay I'll be honest here. I didn't like the interview. Especially I didn't like Kunal's interviewing style and the type of questions that were asked. I feel none of the questions really challenged Carl enough. Ideally, an interview of a person like Carl Pie should full of insights that you cannot really see yourself. About business, brand building or life. Here, in a 52 minute interview I could get only handful of moment where I was like "Aha!". Those would be 1. the food chain analogy from Carl, first being ants and then snail. 2. Why the "earphones first and then phone"? approach? 3. Easy and tough parts of hw and sw business. I really wasn't surprised by the answers to mediocre talent question. Internet of full of such answers. Same thing could be said about many other things which are generally available on internet. I hate when interviewer agrees with every single statement from the next person, especially by saying things like "Absolutely", "Love it". Like Kunal did. I was expecting some counter questions to Carl's answers. The thing I most disliked is, how in the end questions actually shown on the screen and the questions asked by Kunal, were totally different. For example: The question about learnings from Samsung and Apple. Or the question about philosophy at Nothing. I know it's an unpopular opinion. And I might get some disagreeing comments. I'm not yet a part of Kunal's cult/fan base, which most people are referring to. But the point is, I just wanna say, I didn't like it. 52 min is a long time.
validation from other people is a disease...because no matter how good and great u perform...there will b so many people who will definitely judge you without analysing anything....so it is better not to crave for a positive feedback from other people and just focus on improving ourselves....and having random curiosity is also very very important because first thing is we dont get bored of doing the same task again and again and second thing is random curiosity increase the understanding levels and will definitely help in connecting the dots.
It is always great to hear Kunal speak -- insightful :)
Yep 😄
Good to see you here Akshat. 😄
Without WhatsApp number..... This must be real Akshat :P
@@abhishekkaushal327 ayenge abhi thodi hi der baad bots whattsapp number lekar
Thank u 😂
Worth watching this podcast 💣
YoU provide great content sir
Thank you for suggestion❤
If kunal sir present then every single podcast or video worth watching 👍
fireside chat* XD
This was super insightful, hearing about how the Indian customers are perceived by foreign market. And Kunal makes a great host!
Just a little too serious 😂
@@playback0799 serious is good
Sis I'm huge fan of ur work. Got lot of knowledge from u
@Shaurya Singh I think he mispelled "Sid"
The Indian market is very different from other countries. We try to maximise the value we get per rupee before making any purchase. Great point Carl, this was an insightful video!
and is it different in US ?
Yeah
"We try to maximise the value we get per rupee before making any purchase." No, it is because majority of india is extremely poor. So most will only be able to buy the cheapest product available.
Rich indians always buy iPhone but 70% of india live way below poverty line. So for around 25%, they can only afford the cheapest product available which is usually a chinese phone. This is just facts not value for money.
@@magicmagus1459 "Reality is always disappointing" and you proved it man kudos to you, very well said
@@magicmagus1459 nope,it's the Indian mindset and hypocrisy .I've seen many bargain from street vendors while paying extra in shops like Zara.We live in a very hypocritical society.My father who has his own real estate business uses a 20k Vivo phone while his driver uses an iphone 13 .I buy Nike t shirts for the driver while i have never bought a Nike or Adidas or any branded t shirt or anything coz it's a waste of money for me.Its the mindset that gets created in poor societies about brand defining status and poor and middle class people mostly falls for it while actual rich people properly manages their expenditure and hardly cares about brands.
Some IMP Moments
1:04 Funny Start by Carl
3:40 If we didn't try, who else would
8:03 Carl thoughts on Nike
9:56 Building a Brand
12:18 Strongest competitive adv. for a company over a long run is its Culture
12:37 4 Values of Nothing - Be the change, Pride and Product, Diversity and Survive.
16:20 Kunal on Pride and Product
17:15 Gut Feeling
31:23 Practically No Competition in Smartphone Industry (Apple vs Others)
36:04 Kunal insights on Mediocre talent
37:00 Not just about owning details but about predicting accurate details
37:06 Being very right often is a sign of great talent
41:30 You can't build substance in life unless you are consistently putting your wealth, reputation and health at stake
41:51 Young people in India are worried about their reputation, though they have none - Not taking risks, Not pushing limits because of it
Questions from Kunal
1:55 Why did you start this company, What is unfinished business you are trying to accomplish
4:00 You could do easier business, Why hardware?
5:19 How to build a brand?
10:25 Why is it hard for people to understand the importance of brand
11:54 What were the values you agreed upon while starting Nothing and at what stage they accomplished
17:33 Starting with lower price point and then move to next levels. What about that
22:01 Insights behind the design
24:27 Vanity for the sake of vanity should exist in the product
25:20 Two of the biggest crisis you have deal with
27:25 What you are most scared of?
28:46 Difference between Indian Consumer and Consumers Outside of India
30:53 How did Nothing created market environment for their premium category
30:05 What's your role in company?
34:22 Traits of mediocre talent
43:00 Teams Questions
Bhai, Thu ithana Kaam kyu kia bhai?🙏
I used to think... I had a lot of time to spare... Until I saw this guy
Bhai bura mt manana, but tum logo ke wajah se mai aise video bhi pura nhi pata pata hu. 🥲
MOM 😂
2:46
My two favorite people in one frame. You don't know how much crazy and happy this podcast makes me.
I only love Carl Pei..
Carl is very a sober and polite personality. Following him on oneplus forum since OP1, met him twice and he is a great listner and charmer.
A lot of learnings here💯
Especially this👇
Trait of mediocre people:
They seek for external validation to measure how well they are working instead of being sure in themselves that they've delivered work to the best of their capacity.
I'm the CEO of Nothing
and I'm the SEO
I am ceo of apple
you didn't get the joke
I would love to become apple a trillion dollar trillion plus😂😂😂
THIS is how real techies talk. No BS. Only tech, h/w and business.
I can't explain how crisp and value adding this was. Really awesome!!!
At 17:12 when Carl says 'Gut feeling is not random' - the editor of this video has done a great job to capture the head movement of the lady. The moment just makes the belief in the statement stronger.
Thats captured by audience cameraman, chosen by editor, so the real time hard work is done by cameraman
This is one of the extraordinary podcast I have ever listned.
It's really worth it.
'Trying to think though there is NOTHING on the mind, brings SOMETHING to the mind'
Carl Pei got SOMETHING called NOTHING💪
Worth watching the entire podcast❤
Quality one!
Two gems and their conversations, what else are required - Nothing!
Amazing ❤️
Nothing seems to have cracked the code for marketing in the post-pandemic era. To put the main guy in the spotlight, first with Beerbiceps and then with Kunal Shah, is a risk that paid Apple very well (Steve Jobs' iconic presentation for iPhone launch). Something which chinese companies could not do, and currently Apple is not interested in. Will be fun to watch Nothing sales graph in the coming year.
Wish the phone was in America.
This series is a great idea. Thanks for bringing Carl in this and doing this Kunal and team.
its amazing how their whole purpose is keeping the end user as the center..
That guy was so cool while he was taking...he was really connected to me compare to other ceo's talks..i love you buddy...🖤
Really insightful conversation, incredible lessons to learn.
Loved the conversation....from Kunal its always a deep learnings....
One quote I could probably take away form here is
You cant build substance in life unless you are consistently putting your wealth,reputation,and health at stake.
~Kunal Shah
But look after your casino app (CRED). Where payments used to settle instantly now is facing a lot of failures along with long settlement time for hours and hours.
This is turning out to be a great world class series!
one is business men, another one is innovator, thats pretty sums up everything that why we dont have such indian brands who deals with smartphones, business men cannot run companies like apple, nothing etc, innovators and engineers does.
Great Interview...
Every second of mine was utilized watching this video. There are so many lessons I took from the conversations. I really loved it.
a moment of genuine appreciation for kunal, positvely impacting how we engange in critical thinking
One of the best interview I had watched so far I was eagerly waiting to watch these interview & it's totally worth it. Kudos to both kunal shah & carl pei.
Amazing podcast!!! The clear vision and understanding these two guys have for their product and market is exceptional.
"When Your Purpose is clear then your Decision becomes Easy"
This guy is so smart...he should start a company
Best conversation happened when you ask right question. Kunal did it every time he spoke. Weather he is on the answering side or host side, he always did a great job. Refreshing experience to heard Carl and his story. Love it.
Kunal nd team please put captions. Very excited to watch.👌🏻
Am 63 and very much impressed by Kunal and Carl! Kudos to you guys!
Kunal shah is like the movie - “everything everywhere all at once”, you don’t always need to do how it is supposed to do. CEO interviewing CEOs in front of the organisation. Kunal is not building a product/ company , he is building a cult.
A cult that's bleeding money in front of its own investors
What I mean is just like zoho mafia we will soon have cred mafia - incredible companies out from ex-employees of cred. All because of the kind of leader Kunal is.
His leadership skills are definitely good. Personally, I feel he's too philosophical sometimes. But overall, yes, we may soon see talented people from Cred too.
Mostly generic talk with keywords and woke philosophy. Very little value creation.
Kunal Shah may very well be smart, but he is a little too self-opinionated for my taste. I wonder if he thinks people who are quiet are not curious, simply because they're quiet?
Carl Pei said 'my sister is in her early 20s, it's almost a different generation'.. so true!
Thanks for this Kunal and Cred team. Was going to buy but will wait now till they get access to better factories 😁
Great questions from the interviewer and Carl is so grounded, modest and honest.
Love you Kunal! Key takeaway is everything in the entire conversation, Hats off to all questions..
After watching this video, no one will have to learn more on how to build a brand, how to create a company.
Grateful for the valuable words.
What a terrific start to the podcast; I'll be listening until the end.
Thank You Kunal & Carl For Doing This. Enjoyed The Conversation.🙏🙏🙏
Two of my favourite entrepreneurs in the world I one podcast 🔥🔥🔥
Atleast profile photo toh kisi aur ka.mat uthao 😂🙏
Very nice podcast, so much of learning from this. Especially 41:45 hits really hard.
Why Cred have not establish customer care in India, It's big question mark.
When Indian customer have any issues and faces any transaction problem, customers have only one step-"WAIT & WATCH"
"WHEN INDIAN CUSTOMER GOT CUSTOMER CARE"
Thankyou so much for this effort Kunal :) Carl Pei, a big inspiration !
Seeing my HERO'S together makes me happy
When you pan into the audience, attention would get lost into observing people than listening to these minds at work. Indeed great insights...
Thanks for doing this. Making notes already!
Great video to self evaluate whether one is mediocre or great talent!
I now understand, Carl Pei is actually worth listening to 👏🏻
Wow loved this one !! Insightful and enriching. Need more pls
Wow. Really insightful. I am glad they posted this conversation. I was waiting for them to release it.✌🏻
I went to watch this podcast live. It was super and excited.
Where was this held?? Mumbai
Was anything else taught or discussed in live form? YT post is just 52 mins
Thanks for adding English subtitles 🙂
Listened to this in bus while going to school, indeed Carl has won respect from us and damn this is so insightful.
"lot of young people in India are worried about their reputation when the have none" -🤯
Wow! This Was Super Amazing. I Really Love Those Insights. Thanks Kunal & Carl.
Amazing convo. Was curious about what questions would Kunal ask...
Just how subtly cameraman showed some senior when they brought up "mediocre talent " topic 😂😂
Awesome. He's "Something" out of this world. So Cool and yet so energetic.
Keeping great knowledge from this podcast.
Thanks Kunal.. :)
The amount of data Xiaomi, Vivo, oppo collects, It's just scary. I used to use Xiaomi phone and few permissions are taken automatically and people can't revoke them. Permissions include body movements, location, call history, messages, sensor etc for a security app which doesn't make sense. 🤷
This podcast is gonna blow up
I have this feeling that Kunal underplays himself so much.... he has true potential to be in the bigger league.
Watching this in Nothing phone (1) with Nothing ear (1) 😊
2 legends and priceless wisdom!
only one legend its carl pei
refer later
04:00 hardware is hard
05:35 importance of a brand
06:23 hunger as motivation
11:38 difference in countries
17:08 what is gut feeling
20:44 be an ant (vs lion)
34:22 medicricity
36:31 dog owner vs dog walker
37:20 lack of curiosity
44:08 compounding people
42:32 just want to learn
43:40 fast follower startegy
48:37 on idiots
I didn't thought twice before clicking
*Fact* : Kunal Shah is one of the biggest Investor in Nothing !
Carl seems to be stunned every time Kunal pivots the interview to a topic totally unrelated to what they were talking about, it's funny kinda
With just this one episode, CRED upped their YT game 10 folds. 🔥
Loved watching this. Funny enough, he didn't answer my favourite question among those - what are the learnings so far from challenging industry giants like Apple and Samsung?
Could we bring him back to answer those?
What an insightful conversation 🙌
So now i get how kunal shah is getting these good memes and time to post them
It could be better if you removed the distractions
After all this was amazing podcast
Vijay setupathi as host is really amazing , cred should keep this guy as host
Kunal should start a podcast. So much information to give.
Mindset of Indian consumer :- most value for money stuff within a set budget . Like what is the best value that a company can provide at 15k . That's how I do it atleast .
Loved this podcast. Thanks Kunal and Carl. The values of Nothing and the brand building insights are amazing 👏
I also like that he explained it very well about hype i mean so many people say that nothing overhype their products
Another great conversation .Lesson- Be fundamentally strong.
Woo dude Kunal is Always OP and never disappoint us ❤❤
Loved the podcast, however I just noticed how differently these two guys think on one hand we had Carl who emphasised on how the top management must be efficient at collaboratively working with his colleagues even when there are differences because it is your responsibility to be able to sort the differences. On the other hand Kunal believes that some people never take Criticism constructively. I so wished that he would take the responsibility of delivering the Criticism in a way that might help the other person. Just complaining about it with no solution won't help.
such an insightful conversation about tech!...really learnt a lot from this podcast...#credcurious
Carl simply nailed the interview, liked the way he answered
Okay I'll be honest here.
I didn't like the interview. Especially I didn't like Kunal's interviewing style and the type of questions that were asked. I feel none of the questions really challenged Carl enough.
Ideally, an interview of a person like Carl Pie should full of insights that you cannot really see yourself. About business, brand building or life. Here, in a 52 minute interview I could get only handful of moment where I was like "Aha!". Those would be
1. the food chain analogy from Carl, first being ants and then snail. 2. Why the "earphones first and then phone"? approach? 3. Easy and tough parts of hw and sw business.
I really wasn't surprised by the answers to mediocre talent question. Internet of full of such answers. Same thing could be said about many other things which are generally available on internet.
I hate when interviewer agrees with every single statement from the next person, especially by saying things like "Absolutely", "Love it". Like Kunal did. I was expecting some counter questions to Carl's answers. The thing I most disliked is, how in the end questions actually shown on the screen and the questions asked by Kunal, were totally different. For example: The question about learnings from Samsung and Apple. Or the question about philosophy at Nothing.
I know it's an unpopular opinion. And I might get some disagreeing comments. I'm not yet a part of Kunal's cult/fan base, which most people are referring to. But the point is, I just wanna say, I didn't like it. 52 min is a long time.
absolutely loveeeeed the conversation!
Amazing as usual ❤️
great job by owled at production of this video👏
😲wow ayush
Thanks!
Feels amazing when youtubers comments on the same comment box where you are active!
the podcast I didn't knew I needed
Now this is the type of content we need
Kunal shah is the person wherever he speak I just simply want to listen him
Damm my mentor is back I wish I could come work for you Kunal you are just a very insightful man, started my bussiness with your ideas.
Depth of conversation ⚡️👀 makes me feel I'm not thinking deep enough about different perspectives and processesing the depth ⚡️⏳️🤟🏼
validation from other people is a disease...because no matter how good and great u perform...there will b so many people who will definitely judge you without analysing anything....so it is better not to crave for a positive feedback from other people and just focus on improving ourselves....and having random curiosity is also very very important because first thing is we dont get bored of doing the same task again and again and second thing is random curiosity increase the understanding levels and will definitely help in connecting the dots.
Thisis the most efficient way to do podcast! Creator vs creator
It's the most beautiful and intrinsic podcast to go in.
Love this person Carl pie....Bought nothing phone 1 few days back❤❤❤
Been waiting for Cred Curious" comeback with Mr.Kunal Shah
It was great kunal....btw ur shirt looks stunning...