A THREAD on insightful timeless tweets shared by Kunal Shah (@kunalb11) during 2015-17:
1/
Higher profit margins exists when customers:
1. Have less time/value their time more
2. Don't have a choice/aren't aware of choices
3. Have irrational hope
4. Are in state of...
1/
Higher profit margins exists when customers:
1. Have less time/value their time more
2. Don't have a choice/aren't aware of choices
3. Have irrational hope
4. Are in state of...
...fear/anxiety
5. Are signalling social status through your offering
6. Are buying for children's well being
5. Are signalling social status through your offering
6. Are buying for children's well being
2/
Big picture 101:
A. Startups hires and create ~100K jobs
B. Startups screwup and fire 1K-2K
Conclusion: startups created ~98K jobs.
Big picture 101:
A. Startups hires and create ~100K jobs
B. Startups screwup and fire 1K-2K
Conclusion: startups created ~98K jobs.
3/
Celebration of startup funding is akin to celebrating having a good meal before climbing a mountain.
Celebration of startup funding is akin to celebrating having a good meal before climbing a mountain.
4/
In a connected world where good ideas propagate quickly to become big, knowledge and capability of user retention is holier than acquisition.
In a connected world where good ideas propagate quickly to become big, knowledge and capability of user retention is holier than acquisition.
5/
Country values time > money: companies = first mover advantage.
Country values money > time: companies = first mover disadvantage.
Country values time > money: companies = first mover advantage.
Country values money > time: companies = first mover disadvantage.
6/
Countries that don't have DNA of innovation, focus a lot on competition of existing ideas which only end up in erosion of profits for all.
Countries that don't have DNA of innovation, focus a lot on competition of existing ideas which only end up in erosion of profits for all.
7/
Connected world forcing margins via information asymmetry to disappear everywhere, only option now: Innovation and/or Monopolies.
Connected world forcing margins via information asymmetry to disappear everywhere, only option now: Innovation and/or Monopolies.
8/
Business models expecting to be paid for providing convenience in a society that doesn't value time is an uphill battle.
Business models expecting to be paid for providing convenience in a society that doesn't value time is an uphill battle.
9/
Every book you read helps your brain become more porous to absorb ideas from the next book.
Every book you read helps your brain become more porous to absorb ideas from the next book.
10/
People who don't read history are blessed. Everything feels new to them.
People who don't read history are blessed. Everything feels new to them.
11/
When revenue is function of ads via TRP and Page Views, creating news becomes more important metric than reporting news.
When revenue is function of ads via TRP and Page Views, creating news becomes more important metric than reporting news.
12/
Idea for media houses: expose top fake news or whatsapp forwards from yesterday to create more credibility for your platform.
Idea for media houses: expose top fake news or whatsapp forwards from yesterday to create more credibility for your platform.
13/
Strongly believe CPO of company should be head of customer care.
Nothing feeds product thinking better than direct customer interaction.
Strongly believe CPO of company should be head of customer care.
Nothing feeds product thinking better than direct customer interaction.
14/
High IQ without a curious insight seeking mindset is like having an iPhone 7 only for Whatsapp.
High IQ without a curious insight seeking mindset is like having an iPhone 7 only for Whatsapp.
15/
Stand-up comedians are cursed.
They eventually get so close to the truth by unmasking pretense that their own happiness vanishes.
Stand-up comedians are cursed.
They eventually get so close to the truth by unmasking pretense that their own happiness vanishes.
16/
How to be popular?
Hard way: Be an Olympian
Easy way: write crap about them.
How to be popular?
Hard way: Be an Olympian
Easy way: write crap about them.
17/
If banks don't become superior platforms, platforms will become superior banks.
If banks don't become superior platforms, platforms will become superior banks.
18/
Society that demands default respect for elders and authority is likely to stay ignorant and refuse new information or knowledge.
Society that demands default respect for elders and authority is likely to stay ignorant and refuse new information or knowledge.
19/
Only people without clear personal goals and focus have time and energy to get offended by stray unrelated events.
Only people without clear personal goals and focus have time and energy to get offended by stray unrelated events.
20/
Reason most humans function better under an authority is probably because it takes away the cognitive load of thinking for oneself.
Reason most humans function better under an authority is probably because it takes away the cognitive load of thinking for oneself.
Read more interesting threads 👇👇
