Over the last 8 years, I have interacted with more than 3000 Indian consumers with HHI greater than 5 LPA through a mix of POS interactions, home visits, pre-sales and service calls
12 observations/trends which could be relevant for founders building in consumer brands/tech👇👇
Met a few micro VCs in the valley who had been punting in a big way on YC companies in the last few years.
They are so depressed and negative…their portfolio values have shrunk by 70-80%.
They estimate that half of such funds would disappear by the end of 2023.
Mood is really bad here in the valley. India had felt like a much better place 10 days back.
Is it just me or is insurance in India a massive scam? For years now we have kept up our premiums but when the time comes to pay up, companies like @ManipalCigna / @MediAssistIndia refrain from paying up with nonsensical reasons.
Elon Musk, experts urge pause on training AI systems more powerful than GPT-4
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