The Ledger

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Disclosure
Armstrong: Coinbase has explored issuing a Base token to decentralize
“And we, we've made it through stage zero, stage one. We're partly, partly through the final stage of stage two. And to do that, we've explored issuing a base token and there's a path to potentially decentralizing it over time on that route.”
Brian Armstrong Jul 16, 2026 ▶ 1:53:20 Brian Armstrong: Bitcoin, Banks & The New Rules Of Money | Nikhil Kamath | People by WTF · Nikhil Kamath
Disclosure
Prasad: Dr. Reddy's clinical trials found no significant medical efficacy in turmeric
“We've done trials with turmeric, we didn't see significant.”
G. V. Prasad Jun 17, 2026 ▶ 1:25:16 Two Pharma Giants Who'd Never Met | Mankind & Dr. Reddy's | WTF is Pharma? · Nikhil Kamath
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Banga: World Bank returns to financing nuclear power after 40 years
“The World Bank has gone back into nuclear energy after 40 years. And we're starting with refinancing existing, ah, nuclear fleet, whether it's in countries like India or Brazil or Romania or somebody who already have nuclear plants by helping to extend their l…”
Ajay Banga Apr 20, 2026 ▶ 1:03:31 The World Bank President On Why Jobs Fix Everything | Ajay Banga x Nikhil Kamath | People by WTF · Nikhil Kamath
Disclosure
Palihapitiya: 'In the SPAC phase I torched four or five billion dollars'
“The SPAC phase I torched, like, four or five billion dollars.”
Chamath Palihapitiya Mar 2, 2026 ▶ 53:39 Pain, Power & The Game Nobody Wins | Chamath Palihapitiya x Nikhil Kamath | People by WTF · Nikhil Kamath
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Palihapitiya is highly sympathetic to enacting broad student loan forgiveness
“I've become quite sympathetic to this idea of doing something in student loans, potentially even, you know, some form of, like, forgiveness. Because it's become completely, completely broken. It is a noose on the necks of these young people.”
Chamath Palihapitiya Mar 2, 2026 ▶ 1:00:46 Pain, Power & The Game Nobody Wins | Chamath Palihapitiya x Nikhil Kamath | People by WTF · Nikhil Kamath
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Amodei: Anthropic withheld Claude 1 before ChatGPT to delay AI arms race
“So back in 2022 you know, we had an early version of Claude, Claude one. This was before ChatGPT. And we chose not to release this because we were worried that it would kick off an arms race and not give us enough time to, you know, to build these systems safe…”
Dario Amodei Feb 24, 2026 ▶ 29:30 The AI Tsunami is Here & Society Isn't Ready | Dario Amodei x Nikhil Kamath | People by WTF · Nikhil Kamath
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Armstrong: Coinbase to relaunch in India with FIU registration and UPI access
“We're actually planning to relaunch in India on Monday, and we, I believe we're now the first you know, international player in India that has a local license and access to the local payment rails and, You know, we registered with the FIU, and so we've got a l…”
Brian Armstrong Jul 16, 2026 ▶ 33:57 Brian Armstrong: Bitcoin, Banks & The New Rules Of Money | Nikhil Kamath | People by WTF · Nikhil Kamath
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Kamath: Biggest upcoming portfolio allocation will be Indian IT and banking
“Strangely enough, my biggest allocation soon will be IT services and banking because of the moats these industries sit on. It's the most counterintuitive thing to invest in, in an AI first world, but for somehow for India, I feel like it makes sense. And I can…”
Nikhil Kamath May 28, 2026 ▶ 1:08:03 Martin Escobari: Trauma, Chaos & Three Industries Worth $100B | Nikhil Kamath | People by WTF · Nikhil Kamath
Disclosure
Anthropic gave its models the ability to terminate violent conversations
“We've given the model the ability to basically terminate its conversations by saying, I don't want to be involved in the conversation. And, you know, models do that when, you know, they have to deal with, you know, particularly violent or brutal content.”
Dario Amodei Feb 24, 2026 ▶ 36:18 The AI Tsunami is Here & Society Isn't Ready | Dario Amodei x Nikhil Kamath | People by WTF · Nikhil Kamath
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Amodei: Anthropic will not promise never to build first-party products
“We're not going to promise never to build first party products, right? That we should be honest about. For example, a bunch of people at Anthropic write code. And so, you know, we made this internal tool called Claude Code.”
Dario Amodei Feb 24, 2026 ▶ 49:35 The AI Tsunami is Here & Society Isn't Ready | Dario Amodei x Nikhil Kamath | People by WTF · Nikhil Kamath
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Al Olama: UAE acts as a fair conduit for Russia and Ukraine
“The Russians and the Ukrainians both know that I'm going to be a fair conduit for both. That I'm going to work with both equally. That I'm not going to, you know, do something to harm one over the other.”
HE Omar Sultan Al Olama Jan 11, 2026 ▶ 1:32:02 The Case for Youth in Politics | HE Omar Sultan Al Olama (One of the World's Youngest Ministers) · Nikhil Kamath
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Musk: X's operating principle is obeying country laws without extra moderation
“The operating principle of the X system is to adhere to any country's laws, but not to put our thumb on the scale beyond the laws of a country.”
Elon Musk Nov 30, 2025 ▶ 6:30 Elon Musk: A Different Conversation w/ Nikhil Kamath | Full Episode | People by WTF Ep. 16 · Nikhil Kamath
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Musk: X's goal is collective consciousness, not dopamine video streams
“My goal is not to do that. I mean, I guess I could do that if I wanted to, but that's, I just want to really have a global platform that brings together, like I said, like it becomes as close to sort of a collective consciousness of humanity as possible.”
Elon Musk Nov 30, 2025 ▶ 8:59 Elon Musk: A Different Conversation w/ Nikhil Kamath | Full Episode | People by WTF Ep. 16 · Nikhil Kamath
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Musk: Tesla hopes to start Optimus scale production by summer 2026
“And then we're going to be making this robot Optimus, which is, you know, starting production hopefully summer next year at scale.”
Elon Musk Nov 30, 2025 ▶ 22:48 Elon Musk: A Different Conversation w/ Nikhil Kamath | Full Episode | People by WTF Ep. 16 · Nikhil Kamath
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Musk: He tried unsuccessfully to dissuade the US president from tariffs
“I mean, the president has made it clear he loves tariffs. You know, I've tried to dissuade him from this point of view, but unsuccessfully.”
Elon Musk Nov 30, 2025 ▶ 1:40:58 Elon Musk: A Different Conversation w/ Nikhil Kamath | Full Episode | People by WTF Ep. 16 · Nikhil Kamath
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Adcock: Figure AI ended OpenAI partnership after a year to build in-house
“OpenAI led my series B. We generally were working on some kind of advanced models with them. Or maybe a year or two, a year or so, about a year. And I figure ultimately chose to kind of, ah, leave them and go in our own direction.”
Brett Adcock Nov 5, 2025 ▶ 1:08:06 Humanoids Cost as Much as an SUV Now | Nikhil Kamath x Brett Adcock | WTF Online Ep 2 · Nikhil Kamath
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Sarandos: Netflix produces movies for subscription streaming, not theatrical release
“We're not doing that. Some of our movies go to the theaters just as a tactical part of the release, but our business is the subscription entertainment business. So the movies that we produce them for our subscription business.”
Ted Sarandos Jun 7, 2025 ▶ 41:17 Nikhil Kamath x Netflix Co-CEO, Ted Sarandos | People by WTF | Ep. 10 · Nikhil Kamath
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Sarandos: Netflix Does Not Use Algorithms to Greenlight Content
“Definitely not on the, on green lighting. No. The idea really, mostly it is the quality of the storytelling. Is this a world that people are going to want to spend time in? Are these people, people care about? Do I care how these people, what happens to these …”
Ted Sarandos Jun 7, 2025 ▶ 1:23:54 Nikhil Kamath x Netflix Co-CEO, Ted Sarandos | People by WTF | Ep. 10 · Nikhil Kamath
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Reddy: Subko spent zero rupees on performance marketing over five years
“We've actually spent zero rupees ever in the last five years. On performance.”
Rahul Reddy Mar 3, 2025 ▶ 3:06:48 Ep #22 | WTF are Craft Beverages? Nikhil ft. the Founders of Blue Tokai, Subko, Svami, and Mossant · Nikhil Kamath
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Bryan Johnson: Stopped rapamycin due to lipid spikes and elevated heart rate
“I mean, it's the side effect profile. It's the, it messes with lipids. It messes with blood glucose. I had small tissue infection soft tissue infections. It raised my resting heart rate. And so we knew we had these side effects, but we just wondered, like, whe…”
Bryan Johnson Feb 2, 2025 ▶ 1:34:17 Ep #21 | WTF is Longevity? | Nikhil ft. Nithin Kamath, Bryan Johnson, Prashanth, Jitendra & Seema · Nikhil Kamath
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Modi: India is not neutral in global conflicts, it stands for peace
“जैसे इस क्राइसिस के समय हमने लगातार कहा है कि हम न्यूट्रल नहीं हैं मैं लगातार कहता हूँ हम न्यूट्रल नहीं हैं जो लोग कहते हैं हम न्यूट्रल हैं मैं न्यूट्रल नहीं हूँ मैं शान्ती के पक्ष में हूँ मेरा पक्ष है शान्ती और मैं उसके लिए जो प”
Narendra Modi Jan 10, 2025 ▶ 1:42:39 People with The Prime Minister Shri Narendra Modi x Nikhil Kamath | Episode 6 | By WTF · Nikhil Kamath
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Kamath: Bought a home to avoid the nuisance of forced relocation
“No, so the thing with renting, of all the advantages of renting, I think there is one disadvantage, that you don't have foresight as to when you can move out of the house. Like I had to move out of this house, whereas maybe I would have liked to live for longe…”
Nikhil Kamath Oct 11, 2024 ▶ 1:12:24 Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
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Ranbir Kapoor would do 'Animal' again completely despite the controversy
“If you had to do it all over again, would you? Ranbir Kapoor: A hundred percent. The kind of see, I was kind of stagnating and hitting a saturation point in my career.”
Ranbir Kapoor Jul 27, 2024 ▶ 18:11 Nikhil Kamath x Ranbir Kapoor | People by WTF Ep #2 · Nikhil Kamath
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Nikhil Kamath has no intention of getting married or having children
“No, no intent of, I don't see myself getting married or having kids.”
Nikhil Kamath Jul 27, 2024 ▶ 21:23 Nikhil Kamath x Ranbir Kapoor | People by WTF Ep #2 · Nikhil Kamath
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Yassin: Calling for Middle East peace resulted in 100 death threats
“I made a video calling for peace a week ago, and I got a hundred death threats.”
Nuseir Yassin Nov 20, 2023 ▶ 51:30 Ep# 13 | WTF does it take to Build Influence Today? Nikhil w/ Nuseir, Tanmay, Prajakta & Ranveer · Nikhil Kamath
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Palicha: Most Zepto dark stores are currently profitable
“You know, to be honest with you, most of our stores make money today.”
Aadit Palicha Sep 20, 2023 ▶ 1:18:09 Ep #10 | WTF is the Next Gen Thinking? Nikhil w/ Navya, Tara, Aadit & Kaivalya · Nikhil Kamath
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Munjal: Unacademy pays some teachers $1 million
“So one of the things that an academy now does is, and some of our teachers are paid a million dollars, million US dollars.”
Gaurav Munjal Jun 11, 2023 ▶ 1:03:27 Ep #5 | EdTech What’s Broken, What’s Next? With Nikhil, Ronnie Screwvala , Gaurav Munjal & Jay Kotak · Nikhil Kamath
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Ronnie Screwvala: Prioritize hiring problem spotters over problem solvers
“Five years back, if I was looking to back a founder or hire somebody which is as a partner with me, I would say problem solving skills is important. Today I'm saying spot the problem before you can solve it because I'm not looking for problem solvers anymore. …”
Ronnie Screwvala Jun 11, 2023 ▶ 1:28:29 Ep #5 | EdTech What’s Broken, What’s Next? With Nikhil, Ronnie Screwvala , Gaurav Munjal & Jay Kotak · Nikhil Kamath
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Kamath: My funds are wary of investing in wealthy founders
“I didn't realize this for a long time, but very organically you've, at least we formed a filter. By we, I mean different funds I'm a part of. That if somebody was a very entitled guy, if somebody was the son or a daughter of a very rich man, you would have thi…”
Nikhil Kamath May 7, 2023 ▶ 12:12 Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
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Chhatwal: IHCL is developing resorts on two Lakshadweep islands
“We are building two islands and we are already running one. Bangaram we are running and Suheli Kathmat we are building. So it'll come. Give it two, three years, they'll be done.”
Puneet Chhatwal Sep 9, 2026 ▶ 1:29:36 Why A 25-Year-Old Should Build A Hotel, Not An App | MakeMyTrip x Taj | WTF is Travel?
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Magow: MakeMyTrip uses train bookings strictly for user acquisition
“So I'll tell you the, you know, all of us, what we are trying to do, you know, okay, maybe I can speak for myself, is more the customer acquisition. This is a new customer acquisition channel for us. Because the economics don't really work, right?”
Rajesh Magow Sep 9, 2026 ▶ 2:12:06 Why A 25-Year-Old Should Build A Hotel, Not An App | MakeMyTrip x Taj | WTF is Travel?
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Chhatwal: IHCL would back young hotel entrepreneurs with collateral support
“Even we would help if there is a really aspiring youngster coming on board, we would help him become a hotelier, entrepreneur, and, ah, you know, support that collateral so that we are not running that. Place directly.”
Puneet Chhatwal Sep 9, 2026 ▶ 2:33:03 Why A 25-Year-Old Should Build A Hotel, Not An App | MakeMyTrip x Taj | WTF is Travel?
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Armstrong: Coinbase passes roughly 90% of USDC yield to users
“But currently today, it's about 90% of the economics, at least on Coinbase, are given to the user. So we are keeping, you know, the 10%.”
Brian Armstrong Jul 16, 2026 ▶ 27:00 Brian Armstrong: Bitcoin, Banks & The New Rules Of Money | Nikhil Kamath | People by WTF · Nikhil Kamath
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Armstrong: Coinbase is building an exchange for stocks, FX, and commodities
“One thing we've been doing is just diversifying the set of asset classes that are in, you know, we're building the everything exchange so you can trade stocks and commodities and FX and everything, right? And, you know, index funds.”
Brian Armstrong Jul 16, 2026 ▶ 1:09:43 Brian Armstrong: Bitcoin, Banks & The New Rules Of Money | Nikhil Kamath | People by WTF · Nikhil Kamath
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Armstrong: Coinbase is working to launch private transactions on Base
“There's also people working on private transactions on, on base including us, for instance. So hopefully we'll be able to launch the first private transactions on base soon as well.”
Brian Armstrong Jul 16, 2026 ▶ 1:14:38 Brian Armstrong: Bitcoin, Banks & The New Rules Of Money | Nikhil Kamath | People by WTF · Nikhil Kamath
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Biyani: The Foundery spends one crore rupees per cohort participant
“Plus I think we are spending, if I'm not wrong, we are spending one crore on every person in this program.”
Kishore Biyani Jun 25, 2026 ▶ 39:24 Abundance vs Scarcity: We Built 20 Brands With 30 Strangers In 90 Days | The Foundery · Nikhil Kamath
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Juneja: Mankind Pharma intentionally caps EBITDA at 26% to fuel growth
“See, I mean, it depends upon, I mean, if you just look at mankind, our EBITDA is always in between 25, 26%. Intentionally. Because we just want to grow faster. We spend more. We can increase it.”
Rajiv Juneja Jun 17, 2026 ▶ 36:03 Two Pharma Giants Who'd Never Met | Mankind & Dr. Reddy's | WTF is Pharma? · Nikhil Kamath
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Kamath: I receive salmon sperm DNA injections in my knees and elbows
“In my knees and elbows, I get salmon sperm DNA.”
Nikhil Kamath Jun 17, 2026 ▶ 1:58:25 Two Pharma Giants Who'd Never Met | Mankind & Dr. Reddy's | WTF is Pharma? · Nikhil Kamath
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Juneja: Mankind will use semaglutide as a frontend to cross-sell lifestyle supplements
“So what our philosophy is, along with this, our focus would be on supplements. I mean, this would be front end, but actually, we will be selling the complete lifestyle. Protein, supplements, vitamins, other requirements. The complete, I mean, chain, the ecosys…”
Rajiv Juneja Jun 17, 2026 ▶ 2:05:18 Two Pharma Giants Who'd Never Met | Mankind & Dr. Reddy's | WTF is Pharma? · Nikhil Kamath
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Banga: IFC targets a 25% equity and 75% debt investment balance
“I'm in the process currently of pivoting to a balance between equity and debt where maybe we'll end up at 25, 75. 25% of the investment going into equity, 75 into debt. That's not where we are today. We're lower than that in equity terms today.”
Ajay Banga Apr 20, 2026 ▶ 19:09 The World Bank President On Why Jobs Fix Everything | Ajay Banga x Nikhil Kamath | People by WTF · Nikhil Kamath
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Sunak: I am staying in Parliament for the near future
“I mean, the near future, that's where I am. Yeah, I'm in parliament and staying in parliament”
Rishi Sunak Mar 25, 2026 ▶ 2:50:44 Rishi Sunak & Akshata Murty: Power, Identity & Why Patience Beats Ambition | Nikhil | People by WTF · Nikhil Kamath
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Kamath: Invested in Nothing expecting an AI company buyout
“Hence actually the nothing bet, because I always thought AI company will come in and buy them out at some point.”
Nikhil Kamath Mar 11, 2026 ▶ 12:43 The $11B Bet That Voice Will Replace Everything | Mati Staniszewski x Nikhil Kamath | WTF Online · Nikhil Kamath
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Staniszewski: ElevenLabs is building an AI voice agent for Ukraine's Diia
“Also we have a pleasure of working with their government and where they are trying to create the first agent in the government, but the, they have a DIA app.”
Mati Staniszewski Mar 11, 2026 ▶ 47:18 The $11B Bet That Voice Will Replace Everything | Mati Staniszewski x Nikhil Kamath | WTF Online · Nikhil Kamath
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Amodei: All Anthropic policy proposals constrain only the largest AI companies
“And everything that we've advocated for here not just SB-fifty-three, but all the proposals that we've made, the ones that we've made in the past, and the ones that, that we plan to make in the future, Have this character. We're constraining ourselves and a ve…”
Dario Amodei Feb 24, 2026 ▶ 17:21 The AI Tsunami is Here & Society Isn't Ready | Dario Amodei x Nikhil Kamath | People by WTF · Nikhil Kamath
Disclosure
Al Olama: UAE government targets a 50 percent annual bureaucracy reduction
“So we have a government initiative called Zero Bureaucracy. For zero bureaucracy, every year, we try to reduce 50% of the bureaucracy in our government.”
HE Omar Sultan Al Olama Jan 11, 2026 ▶ 1:20:41 The Case for Youth in Politics | HE Omar Sultan Al Olama (One of the World's Youngest Ministers) · Nikhil Kamath
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Dalio discloses he holds a small amount of Bitcoin
“So I hold a little bit of Bitcoin. I have a little bit of Bitcoin, but for me, it's not as attractive as gold for the reasons you asked me my thoughts.”
Ray Dalio Dec 20, 2025 ▶ 25:52 WTF Is Wealth? Ray Dalio Breaks It Down w/ Nikhil Kamath | WTF is Finance Ep 2 · Nikhil Kamath
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Musk: X is revisiting his 25-year-old goal of an efficient money database
“I'm just kind of slowly building, revisiting this idea that I had 25 years ago to create a more efficient money database.”
Elon Musk Nov 30, 2025 ▶ 39:52 Elon Musk: A Different Conversation w/ Nikhil Kamath | Full Episode | People by WTF Ep. 16 · Nikhil Kamath
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Musk: The core vision for X is 'WeChat plus plus'
“It's kind of WeChat plus plus, I'd say, is, is the idea for X.”
Elon Musk Nov 30, 2025 ▶ 40:51 Elon Musk: A Different Conversation w/ Nikhil Kamath | Full Episode | People by WTF Ep. 16 · Nikhil Kamath
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