Pratik Poddar of Nexus Venture Partners discusses his biggest investment misses in the Indian startup ecosystem.
Prediction Not checkable as stated
Poddar: Online education will be perceived as superior to offline learning
“I would argue over time, people should think about a tech as even better than the offline education that they were getting. Because of because of democratization of content from the supply side, because you can get the best suppliers or best supply of content …”
Prediction Not checkable as stated
Poddar: Gen Z will drive a completely new paradigm in e-commerce
“In fact, one hypothesis I have, ah, which might be counter-intuitive today, is that all the commerce companies have been built for people of our age. Ah, but people 15 years younger to us, 20 years younger to us, don't think like we do. They need something dif…”
Prediction Open · timeframe Nov 2040
Poddar predicts India will create 40 to 50 decacorns in 10-15 years
“I would be surprised if in the next 10 years we don't have 40, 50 more decacons being created. That's a large number. It will happen. And maybe not any, maybe 15 years, but it will happen.”
Prediction Open · timeframe Jul 2030
Poddar: Multiple Indian EdTech Startups Will Hit $5B-$10B Revenue Within 10 Years
“I strongly believe that in the next five, 10 years we should see multiple five billion dollar, ten billion dollar revenue companies coming out of India in education.”
Assertion Contradicted
Poddar: Largest Indian non-RMG game now generates $65M-$70M revenue
“Today is 65, seventy million dollar revenue.”
Insight
Poddar: Outlier VC returns only come from non-consensus investment decisions
“Hardly any good deal has happened where there was complete consensus. So, because outlier outcomes will only come when there's no consensus. So one person has to truly, truly, strongly believe in it, and then of course debate, fight it out, get other people fe…”