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D 5 · C 4 · P 4 · Cm 3 4.15
Q gaps in the supply chain, he founded Jumboteel along with Ashish. So I want to learn from you both, right? How has, you know, first Karthik and then Ashish, well, what were your family upbringings like, right? And were you entrepreneurial from, from the day one, uh, or is it that you wish it came later on in your career, the aspiration to become an entrepreneur? Karthik, over to you.
A Thank you, Siddharth. I think it's a good question. I come from a very lower middle-class family from, you know, my parents were in the government, and there is no, so to say, an entrepreneurial person. So prior to entering Stanford, I actually served in the Indian Army for 10 years. I took voluntary retirement, then major. I was in combat. Um, counterterrorism, Siachen Glacier, Uri, Manipur, name a place. I was in infantry. Um, and, uh, you know, I come from that background, but, uh, to me, uh, an entrepreneur is not a person, uh, who needs to, you know, found a company. It's like, uh, to me, if you break down entrepreneurship, uh, in, in first principles, breaking down, uh, you know, having a vision, uh, and, and, uh, breaking down that into, you know, smaller steps, motivating other people, uh, to join, Uh, these are, you know, founding, uh, principles of, and also working with very, very resource-conscious environments to absolutely achieve the goal, be, be, uh, very resolute and show the perseverance. I think armed forces definitely makes you entrepreneurial, uh, because in almost all the places the situation dawns upon you, and you need to actually make decisions in split seconds, and you have to actually, uh, you know, motivate people, uh, to achieve the mission, vision, Far, far larger than what you, what human capabilities can even, uh, have known for themselves. So, u…
AI assessment note: “I come from a very lower middle-class family... my parents were in the government”
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D 4 · C 4 · P 4 · Cm 4 4.00
Q In, in both of your conversations, uh, you both mentioned one common word, first principle, you know, first principle thinking, and Elon Musk uses this phrase a lot. How, how do you, um, both encounter this, uh, first, right? Uh, I'm really fascinated by it. And what are the frameworks, you know, that you have built yourself on the first principles thinking?
A Um, uh, let me take this question out, right? So first thing is breaking down commerce transaction into first principles. Let's Just see what are the three fundamental first principle moments, moving parts, right? Uh, there's something called an information flow. So you list a product in a platform. Uh, and, uh, if you look at actually any transaction, whether it's online, offline, all of these, uh, three flows are very, these are the fundamental first principle breakdown of a transaction. So there's an information flow. What is the product? What's the price offer listing quality, all of those things. And once the information is exchanged between the buyer and the seller, it can be an online. Catalog listing or an offline over the counter, uh, or a combination of both, then the material flow happens, right? So somebody lifts the product and gives it, it's across the counter in a Kirana shop, or if it's, you know, over a period of logistics from a FC, a fulfillment center to the customer, and then there is a financial flow. So, uh, where money exchanges from buyer to seller. Now, if you look at these transactions, uh, if you look at all of these transactions, In a prepaid online scenario, a financial flow precedes the material flow. In an offline transaction or a cash-on delivery, material flow precedes the financial flow. Uh, when we looked at the problem of food and grocery, u…
AI assessment note: “first thing is breaking down commerce transaction into first principles.”
