Guy Kawasaki's Remarkable People Nikhil Kamath: Chess Champion Turned Billionaire Entrepreneur
Apr 7, 2021
Nikhil Kamath, co-founder of Zerodha and a billionaire at just thirty, shares his fascinating journey from chess champion to fintech mogul. He discusses how dropping out of school shaped his career, downplaying the correlation between chess and success. Nikhil reveals Zerodha's innovative approach to reduce brokerage fees, focusing on cost transparency. He contrasts sentiment-driven trading with traditional investing practices and critiques cryptocurrencies. Diving into team management, he emphasizes treating employees as stakeholders to foster innovation.
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From Chess To Call Center To Entrepreneurship
- Nikhil left school to play chess and later worked in a large call center, which shaped his desire for control.
- The call center experience made him want autonomy and helped push him toward entrepreneurship.
Bad Times Reduce Competition
- Starting after the financial crisis reduced competition and created space for new fintech innovation.
- Timing and being in the right place significantly helped Zerodha's early success.
Remove Fees To Open Markets
- Remove cost and opacity to lower barriers for retail investors.
- Zerodha cut broking fees dramatically to make trading viable for small traders.