“In our business, we are more often wrong than right, and it is extremely important to keep an open mind, and be willing to change your mind when counter data and facts present itself.”
quote is from the automated transcript, cleaned for reading:
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More from Ishaan Mittal
PredictionNot checkable as stated
Indian niche neobanks will build enduring, very large businesses over decades
“I think many of these companies will choose their niches, their group of customers, and cater to their needs much better than banks, and create very valuable companies not just in the next three to five years but companies that will endure and become very larg…”
Ishaan MittalApr 9, 2020▶ 21:03Ishaan Mittal on how Sequoia India helps founders build high growth companies
AssertionNot checkable as stated
Sequoia's best investments are driven by individual conviction rather than firm consensus
“While we have seen in the past that some of the best investments Sequoia has made have been driven by Conviction of few than, ah, consensus of everyone.”
Ishaan MittalApr 9, 2020▶ 24:03Ishaan Mittal on how Sequoia India helps founders build high growth companies
AssertionNot checkable as stated
Ten times more Indian startups have achieved scale in 2020 versus 2015
“The number of companies that have scaled today is probably 10 times more than what it was five years ago.”
Ishaan MittalApr 9, 2020▶ 30:20Ishaan Mittal on how Sequoia India helps founders build high growth companies
AssertionSupported
Razorpay reduced merchant onboarding times from several days to a few hours
“Razorpay reduced that time to a few hours from a few days.”
Ishaan MittalApr 9, 2020▶ 19:32Ishaan Mittal on how Sequoia India helps founders build high growth companies
Disclosure
Mittal: Sequoia India holds 10+ companies across each core sector
“As Sequoia Capital India, we invest across a variety of sectors, including consumer, financial services, FinTech, payments, education, enterprise software, and healthcare. And we would have more than 10 companies across each of these spaces.”
Ishaan MittalApr 9, 2020▶ 8:41Ishaan Mittal on how Sequoia India helps founders build high growth companies
Disclosure
Mittal: Sequoia India tracks early founders until product-market fit justifies growth capital
“Product market fit is what is most important for us as growth stage investor, investors. But what we like to do is that we don't want to wait for, ah, for this moment to come. We would like to be in touch with the founders and companies at a very early stage, …”
Ishaan MittalApr 9, 2020▶ 31:26Ishaan Mittal on how Sequoia India helps founders build high growth companies
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