Reason why giant EdTech firms can spend insane amount of money marketing:


1/ To make sense, we should understand the difference between product and service companies.

Product firms: they spend money on R&D to build a great product. This requires a lot of money. Getting VC money makes sense.
2/ For eg. if the money flows into creating a better version of Ethereum, it makes sense.

The product is novel and probably necessitates the huge spent.

Service firm: eg. teaching, consulting -- on the other hand-- do not require excessive spent on R&D (generally speaking).
3/ A large chunk of the money DOES NOT go into product development, but goes into product marketing.

Now the interesting part is:

If you strip apart all the bells and whistles, good EdTech companies are nothing but a collection of great teachers.
4/With good teachers-- you take away their blackboard, they can still teach damn well.

But, take away the marketing budget of EdTech monopolies, they will fall in 6 months.

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More from @Akshat_World

23 Nov
"Let's ban private Cryptos. But, let us still harness the underlying tech behind Cryptos".

"For this we will launch a government backed digital currency".

This argument is idiotic in epic proportions and here is why 👇👇
1/On any blockchain (eg. Bitcoin, Ethereum) there is a verification mechanism.

This verification mechanism ensures that the blockchain data that is being put up on the network is error free.

For example, Bitcoin uses something called as Proof of Work consensus mechanism.
2/How does this verification happen?

It happens when Bitcoin Miners verify transactions by using computing power, using machines like these:
Read 7 tweets
5 Oct
RBI report states that ~80% of investments in India are locked in Real Estate.

The investment in Financial Assets (eg. Stocks) ~5%.

The fascination of owning a house in India is seriously crippling the financial health of folks.

Why is a house not a good investment? 👇👇👇
1. I can't argue with the emotional reasons for owning a house.

If you own a house for emotional reasons, all good. But, it is not really an investment.
2. While different reports indicate different things, the housing prices in the last decade have not grown by more than 6.5%
Read 6 tweets
13 Sep
There is a lot of misinformation floating around reg Cryptos, so I thought that I will create a thread and cover key points

PS: Please read this from a learning point of view. 👇👇
1. Different asset classes & assets can co-exist (eg. SGD, INR, USD are co-existing now), similarly, 'currencies' & 'cryptos' can co-exist.

Cardano need not kill Ethereum 2.0 to 'win' this race

The most likely outcome is that several asset classes will survive.
2. Let's imagine a world, where people engage 100% in cryptos. Then you'd ask: how will the govt make money via taxes if we operate only in Cryptos?

Well, you are still buying/selling/using services and products (this is taxed), so govt still makes money.
Read 10 tweets

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