“Kunal basically knows how to get out of the way, and when you hire great people, that's like 90% of your job. If you are hiring great people, then at least in certain areas, they are always going to be better than you, and whenever you try to help them, whenever you try to be value-add, you are just slowing them down, and you are just frustrating them. In fact, like, so there's a famous saying, I'm forgetting the exact blog, but somebody said the same thing about founders and VCs. Like the best value add that you can do is just get out of my way so I can do the job. And I think Kunal has done that beautifully at both Recharge and at Cred.”
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More from Ranjeet Pratap Singh
PredictionDidn’t hold up
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“In fact, I'm pretty sure, like, I will take, I will give good odds that in the next two years we'll be the largest comic player, like, that's it, like, online, offline, whatever. Both in terms of titles, in terms of revenue, in terms of users, everything.”
Ranjeet Pratap SinghMay 10, 2021▶ 26:51Inside the mind of Ranjeet Pratap Singh, Co-Founder, Pratilipi | 100x Entrepreneur Podcast
Insight
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“The thing is that in general, in life, some of the absolute best things, like this is only applicable to power law driven outcomes, that some of the absolute best things, like the best hires, the best companies the best experiments, the best features are almos…”
Ranjeet Pratap SinghMay 10, 2021▶ 45:00Inside the mind of Ranjeet Pratap Singh, Co-Founder, Pratilipi | 100x Entrepreneur Podcast
Insight
Singh: Non-subscription companies should not use the ARR metric
“I don't think except for subscription based businesses, most companies should talk about ARR. It means something else and people just use it everywhere.”
Ranjeet Pratap SinghMay 10, 2021▶ 11:34Inside the mind of Ranjeet Pratap Singh, Co-Founder, Pratilipi | 100x Entrepreneur Podcast
PredictionNot checkable as stated
Singh: Pratilipi targets $20M annualized revenue by end of next year
“So I think annualized revenue, let's say, I think we should end this year right now we should be at maybe about maybe about a million. We should end this year at maybe about three million. A plan is to end next year at twenty million annualized revenue.”
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Insight
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“It's not just okay to defer monetization. It's actually a good strategy. Like for a UGC platform, if you're monetizing before you get to critical mass, that's actually a bad strategy”
Ranjeet Pratap SinghMay 10, 2021▶ 12:57Inside the mind of Ranjeet Pratap Singh, Co-Founder, Pratilipi | 100x Entrepreneur Podcast
Disclosure
Singh: Early friends funded Pratilipi via personal debt, rejecting equity
“I gave them actually three options. I gave them an option of just buying equity either at a fixed price or at a 50% discount or next round. Nobody took it. Then I offered people to kind of give debt to company and with a small equity upside, nobody again took …”
Ranjeet Pratap SinghMay 10, 2021▶ 16:26Inside the mind of Ranjeet Pratap Singh, Co-Founder, Pratilipi | 100x Entrepreneur Podcast
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