The total global market cap of cryptocurrencies has witnessed unprecedented growth over the last year, currently standing at $1.6T.
Decentralized Finance has been an area of focus, attracting over $65B in Total Value Locked, driven by Lending Protocols & Decentralized Exchanges.
As part of the #DeepTech thesis at @Kalaari, we have been actively tracking the growth of this nascent ecosystem, with a genuine belief in its ability to change the way the world's finances are managed.
Now in the infancy of India's #DeFi movement, we intend to co-create with entrepreneurs & play a key role in driving the DeFi ecosystem over the coming years.
If you are envisioning & building a DeFi startup, we would love to hear from you.
For any recommendations or referrals, please send us an email at defi@kalaari.com.
If you want to be an entrepreneur, you have to embrace crisis.
Yes, you read that right. In any entrepreneur's life, every day is a bit of a #crisis. Things go wrong, people misunderstand, conflicts occur — crisis is a constant companion.
Most #entrepreneurs learn to "deal with the crisis" over time. I don't think it's enough to treat crisis as unavoidable & hence reluctantly deal with it.
To be successful, we need to proactively embrace crisis & excel at dealing with it.
- Crisis can present opportunities
- It can enable the next generation of leaders to emerge
- It can inspire new ideas & solutions for problems that might not have otherwise been attempted
- Each crisis changes the way you do business
Roughly translating to "till there's life, there's hope". In my life, I've thought of it more like, "till there's work, there's hope." (1/6)
Because in our paths, disappointments will be plenty - Investors who don't understand the vision, employees who don't share your drive, friends who think you've very high expectations, customers who aren't ready yet - none of this your fault, but all of it inevitable. (2/6)
To be a successful entrepreneur, to build something that doesn't exist yet, you need to accept (even expect) finite disappointment without ever losing infinite hope.
Alexander had created one of the largest empires in history by the age of 30, stretching from Greece to northwestern #India.
He was undefeated in battle and is widely considered as one of history's most successful military commanders.
Once he was returning home after conquering many kingdoms. On his way back, he fell ill. Physicians tried their best to cure him but couldn't, which resulted in his death at age 32.
Legend says these were Alexander's last 3 wishes. Over 2300 yrs later these are still applicable.
We order food through our smartphones, shop on e-commerce websites, & learn new skills on the internet. We even consult our doctors through telehealth platforms! (1/4)
#Technology has enveloped us more than ever in the history of the human race. It has made life easier for people, educated them, empowered them, & freed them to experience the joys of the world.
As a tech investor, I often think about the purpose of technology. (2/4)
Look at how technology is empowering #India. Access to affordable smartphones, 4G connectivity, & e-commerce has transformed the way we live. Millions of gig workers find employment with just a bike & a cellphone, boosting dozens of home-grown startups in the global market. (3/4)
Some of my favourite quotes: 1. “When the world turns its back on you, you turn your back on the world." - Timon, from The Lion King 2. "When life gets you down, you know what you gotta do? Just keep swimming." — Dory, from Finding Nemo
3. “The past can hurt. But the way I see it, you can either run from it or learn from it.” - Rafiki, from the Lion King
#Bitcoin has been on a dream run growing by over 280% over a year! Given its decentralized nature, Cryptocurrency has been touted as a regulator's worst nightmare and also as the future for digital economies
Everybody has heard of #bitcoin and cryptocurrencies by now.
Yet, most people don’t know enough about them and there are very few experts
@balajis, Ex-CTO of Coinbase, though has a deep understanding of this space. Here are a few points on the potential of crypto from his recent post: balajis.com/why-india-shou…
1. Cryptocurrency has become a Trillion-dollar industry in just 10 years.
2. More than $5B in venture capital has been invested in cryptocurrency startups by the world's top tech investors
3. India could launch a digital rupee – and back it with digital gold.