The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 14 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Bahl: Fundraising and acquisitions are not true entrepreneurial milestones
“Most entrepreneurs lives are shaped by multiple small events and multiple smaller milestones than few large ones. We tend to associate, you may have noticed that I didn't point to any fundraise or any acquisition or any of those things as a milestone, because …”
Bahl: Long-term entrepreneurial stamina requires a soulmate-level co-founder
“I don't think it would be possible to maintain one's energy levels, one's excitement, one's intellectual curiosities, one's ability to deal with challenges if it weren't for a very, very, very high quality, but more importantly a co-founder who is almost like …”
Bahl: Curiosity cannot be learned and is largely innate
“I don't think you can read up to become curious. I think it has a lot to do with your upbringing, your, maybe your brain's biochemistry.”
Bahl: Startups cannot triple margins without becoming a different business
“It is tough to go from a, you know, being a 20% margin business to a 60% margin business and still being the same business. You can go from 20% to 60%, but chances are you are now in a different business.”
Bahl: Founders who avoid problem-solving burn out within a year
“It's very easy for folks who don't approach building a business as a constellation of interesting problems, opportunities you know, interactions and relationship building with smart people. My sense is you know, even one year is too long for them to probably s…”
Bahl: India Will Create Hundreds of $100M+ Brands in 10-20 Years
“And our view was there'll be hundreds of more than a hundred million dollar each brands created over the coming, you know, 1020 years in our country.”
Bahl: All of Titan Capital's D2C Portfolio Companies Are Profitable
“And what we really like is that all these businesses have High gross margins. They are all profitable companies and hence are quite self-reliant and not, not as dependent on, on external capital.”
Titan Capital initially doubted Urban Company's market size and operational feasibility
“We originally had thought that the market size may be limited and operationally it may be very hard because you would have to deal with a lot of blue collar and relatively less trained or only vocationally trained workforce. So how do you bring homogeneity of …”
Titan Capital has backed over 150 startups across nine years
“We've invested in now over a 150 companies over the last nine years.”
Bahl: Titan Capital is the first check in over 90% of its 150+ investments
“In vast majority of the companies we invest in, more than 90% of the 150 plus companies we've invested in, we are the first check-in. Sometimes we are the only check-in, the company, when we invest.”
Bahl: Titan Capital invests only proprietary capital without external LPs
“Yeah, no, no external capital. Maybe that's why we can be a bit more you know, seemingly irrational about taking outsized risks at the stage at which we invest.”
Snapdeal reached 100 orders per day within three weeks of launch
“Within three weeks of launching Snapdeal, we started doing a hundred orders a day. This is a hundred coupons, a hundred vouchers a day.”
Bahl: Titan Capital's First D2C Investment Was Beardo in 2014-2015
“I recall our first investment in that space was Beardo, which is a male grooming company. This is back in 2014 or 15.”
Bahl: First funds of most Indian VCs date to 2006–2007 vintage
“I think venture capital really, most of the, First generation funds. The first funds of most of the existing VCs in the market are the 2006, 2007 vintage, right? So they also didn't have a, they hadn't seen full cycles. Now they've seen two, three cycles.”