On BharatPe’s Ashneer Grover, Bootstrapping and Some Notes
BharatPe’s Ashneer has quit the company and he is all over the town sharing how bad the VC ecosystem is. And how great, the bootstrapping world is.
Not here to lead my life as per the media, not going to be a slave to these investors again in my life. Will lead life on my own terms. I am now looking up to people like Turakhias (Bhavin) and Kamath (Nitin) who have the courage to build businesses with 100% ownership. It will take a bit longer to build, I will be in control of what I build and not build it for these people who are opportunistic.
As somebody who has bootstrapped for many years, sharing a few notes for the benefit of Ashneer and others who are also considering the bootstrapping route.
You can’t afford BMWs when you are bootstrapping
Let’s get this right out of the door. When you are bootstrapping a business, your entire focus is on ensuring healthy working capital (and revenue) numbers.
Spending Throwing money as if you are in a Las Vegas casino is a thing reserved for hyper funded companies.
-NextBigWhat founder, Ashish shares some notes on bootstrapping.
What does the future hold for NFT marketplaces?
Today, we are in the “eBay era,” with the largest NFT marketplaces aggregating everything into grids of products, focused on transactions. But in the future, the best NFT marketplaces may not even look like marketplaces at all. [Read]
Exchanges Refuse to Freeze All Russian Accounts
In a tweet, Vice Prime Minister of Ukraine Mykhailo Fedorov publicly asked the world’s major crypto exchanges over the weekend to freeze all accounts of the Russian people, as well as the people of Belarus, a Putin ally, rather than only those entities who have been legally sanctioned, thereby placing additional domestic pressure on Russia to end its war on Ukraine. [Read]