Opinion
Hari: Alpha males and unbridled masculine traits drive major global crises
“A lot of crises in this world have been created by unbridled masculine traits. The alpha males in this world have created a lot of these crises. Extreme greed, extreme ambition. If you go to the source of any conflict in this world, whether the crisis that led…”
Assertion Not checkable as stated
TaxiForSure had two months of runway before Ola's $200M acquisition
“Sold the company for two hundred million dollars. We didn't have money to pay salaries two months down the road. And we would have shut shop if Ola had decided not to buy us, but there were some circumstances which forced Ola to buy Taxi for sure because other…”
Assertion Not checkable as stated
TaxiForSure rejected Uber's acquisition offer to protect its tech team from layoffs
“They didn't go with Uber because Uber wanted to lay off the entire tech team, whereas ULA was willing to absorb the entire team, including the tech organization. So they did the right things. They got every employee a two month bonus payout, two month salary a…”
Prediction Open · timeframe Jul 2022
BigBasket may be India's first e-commerce company to break even
“As a result of which we are likely to break even also very soon. So we might possibly be the first e-commerce company that would break even as a result of this approach.”
Insight
Hari: Investing success depends on character, not financial knowledge or intellect
“Warren Buffett has told all of us the secret of his investing success. So we are all knowledgeable on how to make money in the long term by investing correctly. He's told us his secret, but none of us are able to execute on that because we don't demonstrate th…”
Opinion
Delivery workers are in as much demand as top Google tech talent
“Delivery boys, especially bikers are in hot demand. They are in as much demand as the best tech folks that join companies like Google.”
Insight
A startup's 100x scale depends more on the market than its founders
“So I, my own belief is that it is less about the founders and more about the kind of market
That these startups are operating in.”
Insight
Startups need a recruiter at 30 employees and HR operations at 50
“After you grow to about, let's say, 25, 30, at that point of time, it helps to get a recruiter. That recruiter will at least help sift through the CVs, put out the job postings, make the shortlist and get the shortlisted candidates to the founders to meet. So …”
Assertion Not checkable as stated
TaxiForSure interviewed 25 candidates and withdrew an offer before hiring its COO
“So for example, a taxi for sure, we were hiring a COO. I personally met about 25 candidates. I didn't like any of them. In fact, one candidate, we almost made an offer. Raghu and I both met this candidate, was very smart, said all the right things, but suddenl…”
Assertion Supported
Hari: Bill Gates visited Pushpalata's 15,000-member sex worker organization in Bangalore
“She ended up, you know, creating an organization that serves the needs of 15,000 sex workers in Bangalore. She runs a small bank that provides loans for the needy sex workers in Bangalore who are part of her organization. She ensures that they are well taken c…”
Assertion Not checkable as stated
BigBasket HR meets every female hire within 24 hours regarding harassment rights
“The day a woman joins the HR head in the region in Nasik, wherever we are in, in Kochi, it could be in Kolkata, it could be in Pune, it could be in Lucknow. A woman joins, within 24 hours the HR head would meet her, tell her about her rights, tell her what rec…”
Assertion Supported
Fundamentum's investment in PharmEasy doubled in value in under 18 months
“So FarmEasy, in fact, our investment is already more than doubled in less than a year and a half.”
Assertion Supported
TaxiForSure expanded from 3 to 45 cities in under 14 months
“When I joined Taxi for Sure, we were in three cities when, in 14 months or 13 months when I left, we were there in about 45 cities. So we grew extremely rapidly.”
Assertion Supported
Hari: Virtusa listed on NASDAQ in August 2007 at $14 per share
“And we listed the company on NASDAQ in 2007, sometime in August, 2007... Finally listing at 14 dollars. But very quickly, we also realized, you know, that this credit crisis was taking shape and suddenly Bear Stearns collapsed. Bear Stearns was actually the le…”
