ASYMMETRIC

The ASYMMETRIC Crew today:Revant: Founder, Mosaic WellnessShantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwik0:00 Coming Up0:49 Intro1:44 Two Motives: Wealth vs Status11:30 Key Drivers for Different Roles19:17 Personal Branding for Founders28:26 Can Founders Solve for Emotional Needs?30:46 Managing Employee Expectations about Wealth40:01 Who Should Get ESOPs?44:13 Zomato: Playing the Wealth Game50:30 Delinking Your Different Roles59:10 Founders Must Help Employees Play Wealth Games65:30 Off-Screen Banter: Pickleball & Status67:47 Off-Screen Banter: Cult.FitNaval's tweet:https://x.com/naval/status/1002103360646823936

Deepak Garg, founder of AnywhereJobs and Satoshi Wealth, shares insights from his rich experience in crypto and macroeconomics. He dives into the evolving dynamics of Bitcoin treasury companies and compares Bitcoin's scarcity to that of gold. Garg discusses the implications of stablecoins in the U.S. and explores the heated competition between Swiggy and Zomato in the food delivery landscape. He emphasizes the significance of understanding market cycles and the role of innovation in scaling businesses in today’s fast-paced economy.

Tushar Behl, Principal at Glade Brook Capital, shares insights from his extensive background in private equity investing in India. He discusses the impact of tariffs on innovation and the evolving IPO landscape in India, highlighting the need for strategic reforms. The conversation also delves into challenges Indian brands face as they expand globally and the disruptive potential of Urban Company’s services. Tushar offers a nuanced perspective on valuation insights for service companies, emphasizing the importance of consumer trust and brand loyalty in a competitive market.

The ASYMMETRIC Crew today:Revant: Founder, Mosaic WellnessShantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwikTarun Davda: Managing Director at Z4700:00 Coming Up00:55 Intro and Welcome to Tarun!2:22 Context for the Topic4:52 USA vs India Board Cultures10:36 The Debate on Taking Board Seats16:46 Thoughts on Governance23:49 The Slippery Slope to Malpractice27:39 Thoughts on Founder Salary41:25 Ex-Operators as Board Members43:27 Do VCs and Investors Add Value?50:54 How Founders Can Derive Value from VCs1:00:44 Good vs Bad Board Meetings1:08:46 When Founders Can’t Choose their VCs1:14:47 How to Leverage Board Meetings1:21:59 Thoughts on Involving Key Members in Board Meetings1:25:40 Building the Founder VC Relationship1:33:19 How Prescriptive Should Investors Be?1:42:25 Thoughts on Investing in the Competition1:49:57 Rethinking the Investor RoleNotes from the episode:https://drive.google.com/file/d/1qYpDvsmMzAOX1svq-j67FYyI0x3rr48_/view?usp=sharing

The ASYMMETRIC Crew today:Revant: Founder, Mosaic WellnessShantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwik0:00 Coming Up1:32 Intro2:38 BSC and IPL4:49 Context on IPL6:36 IPL’s Business Model11:36 The Player vs The Team13:54 Can International Players Get Big in IPL?16:25 Passion or Money?24:50 Global Cricket Revenue Trends26:40 Extensions of IPL Franchisees28:30 What Is the Future of Cricket?33:18 Indianisation of International Players35:35 Does It Matter If You Win or Lose?38:55 Evolution in Sports42:21 IPL vs EPL 49:11 Supporting a Team vs a Player53:34 The Startups Opportunity59:20 The Guru Culture in Academies62:57 Concluding Thoughts66:00 Off Screen BanterCharts referred to in the episode:https://drive.google.com/file/d/1qjn7UGy7RXuwklp3rrn03ie9n-PrVFdE/view?usp=drive_link

The ASYMMETRIC Crew today:Revant: Founder, Mosaic WellnessShantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwik0:00 Coming Up1:32 Intro2:38 BSC and IPL4:49 Context on IPL6:36 IPL’s Business Model11:36 The Player vs The Team13:54 Can International Players Get Big in IPL?16:25 Passion or Money?24:50 Global Cricket Revenue Trends26:40 Extensions of IPL Franchisees28:30 What Is the Future of Cricket?33:18 Indianisation of International Players35:35 Does It Matter If You Win or Lose?38:55 Evolution in Sports42:21 IPL vs EPL 49:11 Supporting a Team vs a Player53:34 The Startups Opportunity59:20 The Guru Culture in Academies62:57 Concluding Thoughts66:00 Off Screen BanterCharts referred to in the episode:https://drive.google.com/file/d/1qjn7UGy7RXuwklp3rrn03ie9n-PrVFdE/view?usp=drive_link

The ASYMMETRIC Crew today:Revant: Founder, Mosaic WellnessShantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwikKashyap Chanchani: Managing Partner, TRMG0:00 Coming Up1:15 Intro3:10 Context for the report7:30 Double Clicking on EBITDA12:48 The Familiarity Factor18:33 2021’s Cash Liquidity vs 2025’s Cash Crunch25:53 Underwriting Past vs Future Performance 33:11 Family Owned vs VC Companies41:51 IPOs and CapTables49:50 Understanding VC Exits during IPOs54:07 Size of Listing - Does it Matter?01:09:51 The Importance of Being First in Market01:10:11 Q-Comm and Ed-Tech01:23:23 The Future of M&A in IndiaTRMG reports:https://drive.google.com/file/d/1AwbdwYY_HvbxfPW0n5xwvRypgwtnd6Qo/view?usp=drive_linkhttps://drive.google.com/file/d/1Xx5NGzoa8IKIJTBABWLm5BDTSIhNOc5U/view?usp=drive_link

The ASYMMETRIC Crew today:Shantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwikHarish Krishnan: Co-CIO and Head(Equity), Aditya Birla Sun Life Mutual Fund (ABSLMF)1:43 Intro3:49 Trump’s Tariffs - A Synopsis7:44 Understanding Donald Trump11:49 The Endgame for Trump16:25 More Tariffs → More Investments?22:28 Challenges Ahead for Trump26:41 Opportunities for India32:42 Thoughts on 2021’s Cash Influx and New-Age IPOs 38:26 How Private vs Public Capital Works49:09 Growth - The Good & Bad54:15 Index Devisers57:54 The Problem of Plenty1:02:58 Public Investors and Risk Taking1:08:40 Closing ThoughtsLinks referred to in the episode:https://drive.google.com/file/d/1E4glaVlyx24ipSYhieurOdu-KO1SkNAD/view?usp=drive_linkhttps://hktg13.substack.com/p/mind-the-gap

The ASYMMETRIC Crew today:Revant: Founder, Mosaic WellnessShantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwik0:00 Coming Up1:09 Intro2:27 Reflections on Quarter End5:22 Creating Markets vs Capturing Market Share10:38 Challenges with Market Creation15:01 Meesho’s Standout Execution in Bharat19:57 Meesho’s Logistics Strategy25:25 Meesho’s Cultural Strategy27:10 How Meesho Cut Its Burn37:53 Meesho’s AI Adoption43:31 Rethinking with AI48:36 AI Use Case: MIS Data Dumps54:10 Individual Agency & AI Adoption58:11 AI Use Case - SEO & Email Marketing1:00:43 AI Impact Across Functions1:03:45 AI Use Case: HR Performance Reviews1:05:50 AI for Work-Life Balance & Health1:11:58 Off-Screen Cricket Banter

The ASYMMETRIC Crew today:Shantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwikNikhil Vora: Founder & CEO at Sixth Sense Ventures0:00 Coming Up1:21 Intro & Welcome to Nikhil Vora3:03 The Thrasio Story 7:50 India’s Thrasio Clones11:37 Why Didn’t Thrasio Models Work?15:05 Is There Merit to The “House of Brands” Brands18:37 The Opportunity for Consumer Companies 24:30 How to Think About Consolidating Businesses30:34 Acquisition By Legacy Companies33:23 Dealing with Capital Influx Waves37:21 Why Don’t “Good” MnAs Not Happen in India?41:40 The Need for Patient Capital44:39 What Drives Founder-Market Fit?48:51 The JusPay Curveball54:39 Views on The Indian Ecosystem The Thrasio Effect ppt:https://drive.google.com/file/d/1z8t7nNO3FRlc_L_vkr5rV1gVvqgI0VZ5/view?usp=sharing