Leepanter Bhagawati

My journal for life.

[Leepanter Bhagawati @Leepanter_]

According to Austrian psychologist Alfred Adler (1870–1937), the ‘supreme law’ of life is that ‘the sense of worth of the self shall not be allowed to be diminished’ (quoted from Ansbacher 1985).

[Massimo @Rainmaker1973]

Two French women throwing grains and coins to starving children in Vietnam, 1900

[Sam ☕ @samirande_]

Can't believe that F̶̢̧̨̨͖̰͖̼̗͚̲̦͙̠̩̪̺̙̮̤̹̮͉̼̻͇̫͙̙͌̔́̏̀͊͒͊̽̂̓͛͒̿̈́̂̀̈́̇̽̈́̇͌͌̂̅̈́̑͌̾̊͘̚̚ͅͅg��͕̘̓́͆́̀̈́͐͂̍̀̋̅̋́͘͘͝ģ̸̪̺͓̺̳͎̪̼̻̳̣̯̠̦̮̭̃̈́̈́̀̇͐̒̑̈̿͊́̇̎͆̉́͛͂́̃͒̐̊͐͑̎��͆͂͋͒͐̿̃̒͛́͐̏̌̀̓̚͘̕ͅ ̶̡̛͙͓̹̤̍̈́̇̐͆̓͆̊͗̾͜h̴̨̢̧̝̖̗͔̙͔͚̜̟̩̗͚͖̤͖͕̯̫̘͓͔̼̺͖͉̠̣̟͔̞͈̭͉̟̱̅́̀́̒͂̈́̿̂̌̆̎̃̍̇̈́͛͛͆̈̅͑̑̾́̌̓̕̚̕̚͝ͅͅ

[Kpaxs @Kpaxs]

Many adults need to recover the curiosity that schooling weakened.

And reclaiming curiosity begins with permission.

Permission to read without being tested.

Permission to learn slowly.

Permission to be bad at something new.

Permission to ask basic questions.

Permission to follow interest without justifying it economically.

Permission to think beyond credentials.

Permission to enjoy knowledge for its own sake.

[NO CONTEXT HUMANS @HumansNoContext]

first person to loose aura driving a lambo

[Naval @naval]

Except for love, the world is empty.

[Elon Musk @elonmusk]

Consistent with the simulation hypothesis.

Like a video game, objects are randomly generated, with positional certainty only when observed.

[Orange Book 🍊📖 @orangebook]

Intergenerational wealth happens when you figure out how to transfer your optimism, your energy, your values, your stories; if all you leave behind is money, your kids are actually poor.

[Today Years Old @todayyearsold]

Sorry but I’m feeding this little guy whatever he wants no matter what your sign says

[Kunal Shah @kunalb11]

It’s been a minute.

2015–2018
- Exited FreeCharge. Spent time learning and investing.
- Pondered about: Why can't trust be rewarded? Started with $1M of personal capital.
- Launched CRED to reward people for paying credit card bills on time.

2019–2025
- Built a system run by a team that values ownership, judgment, and craft.
- Grew from 0 to 17M members by aligning incentives with behaviour.
- Built several products during COVID lockdowns.
- Raised $900M+ from global investors. Did 4 ESOP buybacks.
- Made Indiranagar and IPL ads slightly more interesting.
- Received a full stack of regulatory licences.
- Lost 35 kilos.
- Scaled from 0 to ~$325M ( ~₹3,200 crore) in annual revenue across payments, lending, insurance, commerce, wealth, and credit cards.
2026
- First profitable quarter (yet occasionally asked what our business model is)
- Raised another $900M from Meta in primary and secondary capital.
- Announcing our 5th ESOP buyback.

Today

CRED is ready for its next phase. I am stepping back and @miten steps in as interim CEO, partnered with an incredibly talented team. He has been heading strategy and finance and suffering me since 2020. I’m stepping away from the operating role and will continue as a shareholder. My commitment doesn’t change. Just the role.

Extremely grateful to our members, partners, regulators, and investors who made this possible. And to our board, Shailendra, Micky, Saurabh for their extraordinary conviction.

Team CRED, I’ll still expect you to be a 10x version of yourselves.

As for me, I’ll be joining Meta to lead WhatsApp globally.

Meta comes in as a minority investor in CRED. No access to member data.

While it’s come very far, the delta between WhatsApp today and its full potential is massive. I look forward to working with Mark, Chris, and the leadership across Meta for the next step in WhatsApp’s journey. Will, thank you for scaling something the world relies on quietly, and for making this transition smooth.

Onwards.

[Reads with Ravi @readswithravi]

C.S. Lewis once said:

“To be happy at home is the end of all human endeavor. The sun looks down on nothing half so good as a household laughing together over a meal, or two friends talking over a pint of beer, or a person alone reading a book that interests them; and all economics, politics, laws, armies, and institutions, are only valuable in so far as they prolong and multiply such scenes.”

[Reads with Ravi @readswithravi]

Mark Manson on how to win at life:

1. Commit to doing a hard thing.
2. Do the hard thing.
3. Feel good about doing the hard thing.
4. Become someone who enjoys doing hard things.

[Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion]

This is known as LOSING A WAR

[Paul Graham @paulg]

Something I told 14 yo: Once you've prepared sufficiently for exams, switch your focus to "game management." Get enough sleep, keep calm, watch the time, check your answers to avoid dumb mistakes, etc.

[Gurwinder @G_S_Bhogal]

“Prior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.”

—Walter E. Williams

[Podcast Notes 🗒️ @podcastnotes]

Franz Kafka 1912 protocol:

[Vish Pandey @thevishpandey]

- Wealth is not limited by resources, but by knowledge

- Better explanations = greater ability to transform reality

- All wealth is ultimately created by knowledge

- There is no fixed amount of wealth in the universe

[Jarvis @jarvis_best]

Been brushing up on the discourse and I’ve decided that every single person is richer than me is a greedy bastard and every single person poorer than me is a loser. I and only I have the exact right amount of money.

[nxthompson @nxthompson]

This is wild—and likely a sign of things to come as we transition to a web that is optimized for bots more than humans. https://t.co/5sb1cFlBQO

[Ben Springwater @benspringwater]

I think about this Seinfeld interview all the time.