The Ledger, every show

“With AI, that's only going to reduce. And especially if you're willing to live on land that's slightly far away, that's probably going to go to 30 lakhs, 40 lakhs. So the true, and coming back to AI, right? The true value of AI is it reduces your cost of livin…”

“I think capitalism itself will break. Like, what do you think is the underlying, what do you think is the underlying Asset of capitalism. Like, what do you think runs capitalism? It's not money. It's information.”

“There's going to be a one percent, two percent that's going to be completely fine, but everyone else is going to take a hit.”

“No, but I'll tell you one industry that's definitely going to go down, which matters a lot for Silicon Valley is, that's SaaS.”

“I think this might happen. There's probably a 10 or five percent chance it might happen. Like, I also know that the odds are not 100%. It's a five percent chance that it happened.”

“And who I think will win is, I think there's a bunch of video editing tools that will win all this, like Premiere Pro, for example or for, or After Effects, where it'll just be like, okay, you know, prompt the B-roll clip and put it there. Just like Photoshop …”

“In five years, we'll have physical robots. Like I'm fairly certain we'll have robots helping us with tasks, helping us, you know, even if, like I used to say, well, there's no job for me on online. I'll probably go end up doing farming, right? I think AI will …”

“They own YouTube. They own Android. They own the browser. They own distribution. So, no matter who builds the LLM, like I said, LLMs are going to be commoditized. They are going to win the game.”

“And I feel like chat GPT will eventually get good enough. And we're still in GPT-IV, right? I'm sure there are many along the way. It'll get good enough to, Push through your brain's system, right?”

“Nvidia will own everything. That's the only monopoly in any market that I've ever seen.”

“So my personal belief is in the longterm, just like geo cities and domains domains ended up, GoDaddy ended up winning. I feel like we will end up winning because we are the white labeled version or the SAS version of, let's say platforms that exist today, a Ma…”

“I'm very confident that the next generation of fairly wealthy Indians, or even tier two Indians will not send their kids to UPSC, because they're like, if they went through, they'll be like, this is too hard, and it's unnecessary to go through this.”

“And the avatar that we've done, right? Ah, certainly it is going to replace the activities of a creator.”

“Sora will replace B-roll.”

“It's all of the web, but it's mostly Reddit, right? And the best way to understand mostly Reddit. It's Reddit anywhere. Like the internet, it was mostly forums.”

“And the reproduction rate for something like stable diffusion is one percent.”

“I don't think we'll be able to tell.”

“For that, you need accountability. And that's one thing ChatGPT lacks. So I'm not fully bought in on the, it'll replace customer support people anytime soon.”

“So I think eventually the future of all these is going to be voice.”

“So people are, someone will find a way to market a robot with legs and hands. And then it doesn't even matter if the robot's light, where you could probably knock it down if it tries to do something new, because it would be just so fast.”

“I feel like long term, everyone will have an app. You'll, instead of you spending three lakhs, five lakhs a month on a developer, buy scenes, right?”

“Discord is huge engagement, but most of their engagement is communities or groups with under 10 people. 10 to 20 people, right? It's like, I want a game with my five friends. I want to play FIFA with my five friends, or I want to play some, I don't know, Valor…”

“There was one guy with nine shares of Tesla, just nine shares of Tesla, who went And sued Elon. And he said, this pay package is too big. And then the judges actually came and they said, yeah, the pay package is exorbitant and they canceled it.”

“I feel like AI will eventually help bring these people together where it'll be like, this is the, these are the 10 most ideal jobs you should apply for today. And even the application process will be automatic because you're applying on the merit of you, not o…”

“I feel like the new heroes are going to be made on YouTube. Twitter maybe, but slightly less, because the audience size of Twitter is lower, ah, and Instagram to some extent, but it's still short form, so connection is low.”

“So, is it going to impact in two years Kirana store owners? Absolutely, because it's going to remove these small advantages. These are, this could be margin, right? We could call it margin. Faulty defective pieces.”

“So I would say a lot of offline, new offline experience roles would come. Like we were talking about the business, right? People can get together, and you know, you have this group of founders, or you have a group of creators, or whatever. Somebody being conci…”

“We're at about 400 K revenue. We're adding about 30 to a hundred K of new revenue every month.”

“In fact, Discord's revenue comes from Nitro. A hundred million they make per year from the Nitro subscription, right?”

“I think in the fourth year, I was billing 150 dollars an hour. Abhinav Chikara was also billing 150 dollars an hour.”

“We sold it to a New York based company for, called turn to tech. We sold it for single digit millions.”

“We built, in fact, one of India's largest youth communities on Discord. We had 68% month six retention.”

“In fact, my entire last round happened Because Gaurav saw one of my tweets on Twitter, called me, I mean, sent me a text and said, come to my office. He would never have discovered me if I had cold emailed.”

“Every single person we have hired, except like one or two people who we've hired from agencies, every other person we've hired from Twitter.”

“We scaled to about one 50 K applicants. We had more than four million requests in 2016. We worked with 1500 recruiters, including Uber and Swiggy. We were doing like a hundred K revenue.”