Kunal Shah explains how Indian tech founders predominantly have engineering backgrounds rather than studying human motivation and humanities.
Prediction Not checkable as stated
Kunal Shah: India's Per Capita Income Growth Will Never Match China's
“And therefore, a lot of Western markets love to come to India and say, oh, India is the next China. It's not, because our per capita income is never going to beat and grow like China, because before China started becoming affluent, 96% of Chinese urban women w…”
Insight
Shah: Indian merchant communities trade social status for financial upside
“They are okay to be mocked or have lower dignity or lower status as long as they get the financial upside of it. So I think that's where the status and wealth driven societies mindset comes in that they are absolutely okay to reduce their status as long as the…”
Assertion Not checkable as stated
Shah: 80% to 85% of Indian retail investors come from merchant communities
“I would go to the extent of saying that 80, 85% of people who are having more than 200 dollars of investment in any of these assets are people from this community.”
Insight
Kunal Shah: Western tech companies win users in India but fail on ARPU
“And I think, therefore, a lot of Western companies struggle to make monetize from these markets. They can get a lot of DAUs and MAUs from this market, but rarely ARPU from this market because they don't understand what people pay for over here.”
Insight
Shah: Time-saving convenience products struggle to monetize in Asia
“So products that sell convenience and save you your time rarely monetize, which monetize a lot in the Western society, because everybody understands the value of hours.”
Opinion
Shah: Hinduism cannot scale globally because it lacks standardization
“Hinduism is an, I would say, not as scalable as, let's say, many of the other religions, because it's not standardized. There is no one book, no 10 rules, no one God. So what do you really scale? It's an open source religion which people make and built on some…”