The Ledger
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Chopra: Stepped down as Wingify CEO because scaling lacked intellectual stimulation
“I think partly it had happened where I felt growing a company was not intellectually stimulating me, and that's one of the reasons I shifted my role from CEO to chairman, and I dived myself in my sabbatical to reading a lot of physics, chemistry, because I jus…”
Chopra: Wingify avoided VC funding because incoming cash exceeded its needs
“We would have raised some funding, but we didn't. You know, we had more amount of money coming in than we knew what to do with it.”
Chopra: A mentor convinced me to price Wingify at $99 instead of $9
“I remember I wanted to price at nine dollars per month and I was chatting with someone who works, who was more experienced and they were like, you're crazy price at 99 dollars per month.”
Chopra: Nintee returned 75% of investor capital and gave 6 months severance
“They got six months of severance and jobs at Wingify and half of the team is still at Wingify. So I felt, and investors got almost seven, 75% of their money back.”
Chopra: Wingify was started with just a $10 server investment
“Investment, my investment in Wingify was literally 10 dollars for a server.”
Chopra holds a mix of Indian and US index funds for diversification
“It's both a mix of both. I do think one has to, I mean, diversification is the only free lunch in finance. And if you're not diversifying you are taking more volatility, more risk than it's necessary. And having everything tied to India is fine. India is a fas…”
Chopra: Real estate is off my investment list because it requires work
“It has to, it doesn't, it shouldn't require me to work. That's again, like real estate is off the list because it requires me to work. So I want it as passive as possible, requiring as less work for me.”
Chopra: Wingify Was His Fifth Attempt At Building A Startup
“Wingify was my fifth attempt at doing a startup.”
Chopra: Consistently maintains 70% to 80% of his portfolio in equities
“I don't recall ever there was a point where I was, you know, less than like, 70 or 80% equities.”
Chopra focuses on zero-to-one innovation over CEO duties at Wingify
“I realized over a period of time, my strengths are in figuring out and building something new. So that zero to one phase is something AI really enjoy. And B, I think I'm good at that. Having done that a couple of times within Wingify with different products an…”