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Gaurav Munjal of Unacademy on being confrontational, paranoid and transparent

First Principles

CHAPTER

The Importance of a Strategic Inflection Point

I think we are in the middle of a recession. Those who don't believe it are living in a bubble. I closed my round in August 2021. Jan Fab is when things got fucked. The stocks crashed in US tech stocks. Liquidity became an issue. There is a saying that... So we have 300 million in the bank. We are in top five or six most capitalized startups in the country right now. And we massively reduced our burn. Now at 1,000 crore base will grow 35% or more. That choice what you're referring to was essentially a buy versus build.

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