Career, Writing, Investing, Economy, Unicorns
Some great reads from the internet this week
In our childhoods, people ask us about our career plans by asking us what we want to be when we grow up. When we grow up, we tell people about our careers by telling them what we are. We don’t say, “I practice law”—we say, “I am a lawyer.” This is probably an unhealthy way to think about careers, but the way many societies are right now, a person’s career quadruples as the person’s primary identity. Which is kind of a big thing
It's more considerate to write simply. When you write in a fancy way to impress people, you're making them do extra work just so you can seem cool. It's like trailing a long train behind you that readers have to carry.
The solution to 90% of financial problems is “save more money and be more patient.” Nothing is more powerful or more capable of moving the needle. But it’s so boring. It makes you sound like a kindergartener. Smart people don’t want to devote their careers to it. They want derivatives, high-frequency trading, offshore tax shelters and The Lightning Round.
Amid the celebratory noises coming from liquidity-fueled equity markets, it’s worth remembering that Covid-19 hasn’t gone away yet. After almost normalizing in February, economic activity is once again almost 5 percentage points below the pre-pandemic usual, according to the latest Nomura India Business Resumption Index. Consumer sentiment is improving — but only a narrow elite is in a mood to splurge. Just 5 per cent of Indians believe that now is a good time to buy consumer durables
On average, it takes about eight years for an Indian startup to turn into a unicorn. But that period has been shrinking. A recent report by Orios Venture Partners shows that newer tech firms have been hitting the billion-dollar-mark sooner than their older counterparts. India’s oldest startups like MakeMyTrip, Naukri.com and Justdial—founded prior to 2005—took roughly 15 years to become unicorns.
India’s oldest startups like MakeMyTrip, Naukri.com and Justdial—founded prior to 2005—took roughly 15 years to become unicorns. Younger firms such as Razorpay, Swiggy, Rivigo and Unacademy, according to Orios report, became unicorns in about five years on average. Udaan, Ola Electric and Glance took 2.4 years.
Thanks for reading through. Be safe. Cheers!
Comments