India

“So, Kashkaroo is now the biggest cashback site in India, and I would, Swati and Rohan can't write any code.”

“Most people today living in India, they will, they're not using laptops, they're doing directly into smartphones.”

“This is something we talk about a lot. Not necessarily YC Europe. We think about China, and we think about India a lot. It's something that, That we haven't figured out quite how it would work yet. I think YC is changing so much and has changed so much in the …”

“We have about 20 investment partners in India spread across three offices. We have about 40 investment partners in China spread across three offices.”

“There's a very good example in Uber where, you know, the whole premise was it's a cashless transaction app. And they went to India, which has no credit cards. And the growth team actually ran an experiment by turning on cash to figure out how much it helped wi…”

“By the way, it's one of the reasons why India has failed to, like, live up To expectation from a population standpoint, because they've had a tribal democracy for a very long time that causes a lot of the same problems.”

“In every line of business, whether it's China, India, Southeast Asia, our hedge fund, a multi-family office called Heritage, we've had to go in and effect change as Once. So it wasn't that we got it so perfect from the beginning. So we had to go in aggressivel…”

“This is key result one dot one to achieve price performance parity with internal combustion engine vehicles in the US by 2024. That means they cost 35,000 dollars and in India and China importantly by 2030 where the cost target has to be 11,000 dollars.”

“Customers really use your platform if and only if you can give them something that's just like viscerally and, you know, viscerally adds value immediately. And that key, what we've seen at least in India, that key category is fresh and fruits and vegetables, f…”

“We're in a position where our wastage numbers are 350 basis points lower than retail benchmarks.”

“I did this fellowship lived in India on a dollar a day. So very, very low burn lifestyle. I was working in microfinance and decided I would live like my borrowers and my borrowers, you know, lived on a dollar a day. So I decided I would too.”

“When you look at that tech penetration index in a more developed country like the United States, that's around 52%. Even if you look at, you know, China, that number is 20%. You look at India, it's 15%. But when you look at what the tech penetration level is a…”

“And we expanded to like 20 markets in about four years and became, you know, either a number one or number two in each of these markets. And our biggest win was becoming the number one phone brand in India.”

“I think it depends on the region, but yes, I think there will be more of a re-emphasis on the US but certain, certain areas like people are much more excited about India and there continues to be interest in investing there.”

“This central bank sponsored mobile real-time payment system in Brazil called PIX, which has taken off perhaps other than India, arguably other than India is, is easily the most successful real-time mobile payment system in the world is in Brazil.”

“Realizing that India and other nations will leapfrog to intelligence augmentation, just that they leapfrog to mobile, they will embrace this technology far quicker than we will in the UK even.”

“India, all of the outsourcing jobs in programming will go, because GPT-IV can go level three Google programmer exam and pass it.”

“In a market like India, where SMS is 10 cents. So like, you know, you're actually competing against 10 cents versus the marginal cost of incremental data.”

“And Latin America, if you add the GDP of Latin America, we happen to be two X India with one quarter of these people or one third of the people.”

“Leaving a population like the Muslim population behind in India would be a huge disaster and could completely change the optimistic projection I have for India if you leave a part of the population behind, and that becomes A source of violence, rioting, things…”

“Latin America as a region is the third largest GDP in the world. It's a region that has six hundred fifty million people, very large GDP, a GDP per capita that is three to five x India,”

“I think that level of complacency in these industries, in these big countries, has stopped innovation and have permitted that a lot of these emerging markets, these technologies have leapfrog to a place today where, where Brazil, China, India are ahead of U.S.…”

“We kicked out, we shut down markets. We literally shut down markets in places like India or in other areas.”

“Even today, we are the only operator led fund in India, and we are the only fund that's focused on SaaS and AI investments only.”

“This year, there are over, I think, 6000 companies startups in SaaS and AI in India, 1600 of those founders were attending our event.”

“If we win globally and then go to India, like the chances of success are actually even better. Like if you see most of the even Indian startups who are doing well, like I would say BrowserStack, Chargebee some of the newer age companies they're all global comp…”

“This is the time. I would now say now is the time for Indian tech product companies, and this is going to be the decade of India as a product nation.”

“In the context in India, you have to understand this. Everybody finishes computer science engineering and then figures out what they want to do in life, right? So, so I have folks working in sales and pre-sales and marketing who are all computer science engine…”

“लगभग छह हजार कंपनियां, स्टार्ट अप्स, भारत में सास और AI में”

“अब मैं यह कहूंगा कि अब भी भारतिय तकनीकी प्रॉडक्ट कमपनियों के लिए समय आ गया है और यह दशक भारत का प्रॉडक्ट क्षेत्र में सफलता पाने वाला है”

“I think that reflecting back, not going to, not jumping on the bandwagon and going to China or India was actually a really important lesson for us in maintaining maintaining our focus.”

“Like, why does Silicon Valley work? Because the most ambitious and talented people in that area become founders. If the same thing happened, In the UK, in Europe, in India, we'd have very similar outcomes.”

“In 2005, when we got into India and China, we did so with the thesis that the world is getting smaller. When we parted ways in 20, 23, it was because that thesis in some ways had been invalidated. And so I think maybe we could have done that a few years sooner…”

“So I'll use India as an example. I mean, you know, you looked at the typical size and number of employees of an Indian tech company, and it was significantly higher than a lot of the U S counterparts, just.”

“In India, it was Not really like there was a system of dating and marriage that was very much curated by your parents decide. And I think that was a moment in time where we were like, Hey, we could adapt the product to that, but actually no, we're not going to…”

“I think one of the things that we've seen in India is that that brutal level of competition that you saw actually in the U S right. So you saw in the U S in the zero interest rate environment that has subsided in India as well. And so that's allowed companies …”

“So I came there to help, and we grow to 800 people. Still the same team, so it's still the same managers. So I replaced nobody, because they were all very good. It's just that they needed a little bit of help.”

“So when I arrived there, we were signing 16 new clients per month. It's nothing. And now we are around 800 per month, and it's growing it's it continues to grow.”

“I was one year in India last, this year. Because the company was not growing enough, so I relocated myself for one year.”

“And what we ended up doing is recruiting these really, really exceptional folks from India to help us out with our dev shop. And then very, very quickly we realized, you know, the software was one thing, but we had found some really, really exceptional people …”

“We are the, I mean, as of today, if you take the 20, 24, 25 numbers by total capital raised, the only equity capital market countries in the world that are bigger than us are the US and India. Everywhere else is behind us. We're the only European market in the…”

“Literally, we lost a quota. We end up changing all of that, form the ground up, and then you could see, like, people starting closing deals in the first month, and it was, like, insane, because, like, it was day and night.”

“When you think about what work AI will replace, you know, white collar work, you can say BPO is a good proxy for that because anything a company is willing to outsource to India, they're probably willing to outsource to AI, right?”

“Two of our large, three largest countries by volume are India and Brazil. You know, the average fare in Brazil is like, Three 54 bucks USD and India it's two 53 bucks or something like that. It's going to be decades until the cost of autonomy compresses to the…”