Sachin Bansal
@_sachinbansal
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265,579
Following
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47
Statuses
1,209
Everything is an opinion. There are no facts.
Bengaluru, India
Joined March 2008
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Converting Indian railway coaches into hospital wards has to be one of the best ideas ever. We may have thousands of movable “hospital beds” which can be sent to where they are needed within hours.
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Unpopular opinion: Founders who are trying to protect an ‘idea’ from leaking to the competition are chasing a mirage. If someone can copy your business model and out-execute you, then you deserve to lose. It will happen sooner or later.
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Only dead don’t change their opinions. If you have too many fixed opinions you are close to dead. Constantly challenge your assumptions and beliefs.
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Most entrepreneurs know they will never use the wealth they make. They work for the love of the game. Getting better at it is the goal. Wealth is a means to keep score.
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Success has a thousand fathers but failure only belongs to the founders.
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Nothing created by humans is ever perfect. All books/ideas/mentors/philosophies have biases. Take what is useful and ignore the rest. Life is too short to spend arguing.
This is also true for Twitter accounts. Unfollow/Block what you don’t want.
Focus on your own goals instead.
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Struggle is a gift, comfort is a curse.
Comfort weakens you and tricks you into thinking you have something to lose.
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Take care of yourself before you take care of others.
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Being "normal" is overrated. Normal people never change the world.
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Being at the right place at the right time is underrated
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To be able to dumb down things to a level where anyone can understand a complicated concept that you know is a mark of true wisdom
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Hard work is important but even more important is deciding the direction of the business. If the direction is unclear then it's better to stand still and decide. Don't just go about executing on whatever comes first to mind.
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Most people experience less than 1 percent of the world and believe that’s how rest of the 99 percent works.
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I turned off all phone notifications a few days ago. ALL OF THEM. The best decision that I had made in recent times. I would recommend it.
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We can't lock ourselves up for 2 years in homes waiting for a vaccine. India can't make use of the opportunities if our most productive people are locked in their homes. With COVID's growth slowing down it's time to open up the economy. We have to learn to live with the virus.
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In history, good always prevails over evil.
All history is written by people who prevailed.
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In an uncertain future, the best thing to do is to act decisively on your present beliefs AND at the same time keep yourself nimble enough to change when required.
Trying to predict the future is futile. It’s better to create it instead.
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Set audacious measurable goals and go after them with ferocity
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Don’t try to be the largest, try to be the best instead. Don’t try to be successful, try to be useful instead. Let success and size be side effects.
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World is an easy place for people who chose a hard path. It’s a hard place for people who chose an easy path
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Most of us can’t think for ourselves and depend of socially programmed goals as guidance. Thats why choice of picking the right social circle is very important. What your social circle approves of is what you will become.
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1. Start reading books -> I know nothing much
2. Keep reading books -> I know a lot
3. Keep reading more books -> I know nothing much 😒
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Worrying about all the stuff that is not in your control is a sure shot path to unhappiness. Worrying about things that are in your control can lead to a fulfilling life. Focus on what you can do and not on how you want things to be
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Building a business is not a popularity contest. It’s about effective decision making which gets the right things done. Doing the popular thing is often not the most effective one for business.
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Thrilled to be part of this journey with
@bhash
and the
@Olacabs
team. Ola is a household name today and is a global force in the mobility ecosystem. Their success is important for all of us and I’m excited about the vision they are building towards.
I'm super excited to welcome
@_sachinbansal
onboard as an investor in
@Olacabs
. Sachin is an icon and an inspiration to a whole generation of entrepreneurs. I look forward to learning from him as we build one of the most impactful businesses out of India!
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It's better to set an ambitious target and risk missing it than a realistic one which you know you can get easily.
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Given how much misinformation has come from
@WHO
in the last few months, I wonder how much of bad medical advice has been fed to people by them and other authorities over the years.
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#ElectionResults
show how deeply
@narendramodi
understands India. Lesson for entrepreneurs: be fanatic about understanding your audiences
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Unlike other consumer tech, in financial services one player doesn’t have to make other players irrelevant in order to be a large profitable business. So, obsess more about customers and less about the competition
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Failure is what makes you learn, but still I hate failure more than I like winning. Thats the daily struggle.
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Tell people what they want to hear, you’ll have a large circle of friends. Tell people what you want to say, you’ll have a small but tight circle of friends.
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Progressed from 50 pushups on day 1 of lockdown to 130 pushups + 50 deadlifts (≈1x of body weight) today.
How are you using your time in
#lockdown
?
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When words and actions match, it has the power to create magic. But still, actions > words
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Curiosity and imagination are basic ingredients of creativity
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What people do and what they say is often different. Watch what they do and ignore what they say they will do.
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Change your opinions and change them often. Its better to be called fickle minded than closed minded.
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In this day and age, how can the largest private bank of India do this?!
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The planning exercise is more important than the plan themselves
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GO INDIA!
JAPAN: Government to spend over $2 billion to help its country's firms move production out of China
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Be more interested in what is, rather than what should be. Observe reality without an ego bias.
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Learn to be able to walk away from energy sapping conversations which don’t add any value to your life. The Twitter equivalent of that is blocking.
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I had known
#VGSiddhartha
personally and was always amazed at his energy and positivity. Distressed by his disappearance. He has been an inspiring entrepreneur and investor.
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Once one has a business idea, time spent in sizing the market before starting off is well spent.
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Government’s awareness of lack of medical infrastructure in the country is through the roof right now. The best use of this would be to make the healthcare sector more investment friendly.
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Diversity is useful but overrated. Uniformity is underrated
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A monumental deal for
@Flipkart
& India! The investment from Vision Fund is a great endorsement of our work!
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Understanding the flow of money is the one of the best ways to understand behaviours of any individual or organisation or government.
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Making mistakes is not a bug but a feature. The best and only lasting way to learn.
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PM
@narendramodi
has set the tone for for the future. Time to get to work (with caution) and make India
#atmanirbhar
.
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Apart from promoting UPI, removing 2FA and making credit/debit card issuers solve for fraud using data will take digital payments in India to the next level.
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People see the world as they are.
As they reveal their world view, they indirectly reveal their self view.
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Be a misfit
The more neatly you fit into society, the less free you actually are.
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Doing deliveries in Chandigarh today (my hometown). Very excited.
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People who end their aggressive replies with a smiling emoji in order to deescalate are the wolves in sheep clothing. Weak behavior
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No man is right 100% of the time. No man is wrong 100% of the time.
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I hope there's plan to eventually get people back to work also.
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:) I think I know who are talking about.
I wouldn't recommend doing this today. I'd conserve the energy and focus on more productive pursuits, rather than trying to make a point.
I know of a VC who passed on Flipkart's Series A because the founders wore chappals to the meeting.
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There are no facts, only opinions. Some opinions are useful, others not so much
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It’s better to be too direct with your feedback than let it fall flat on the person taking it. Running a business is a not a popularity contest with your teammates.
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Between 2018 & ‘20, Indian personal loan industry doubled. This growth, largely driven by fintechs/ NBFCs, made credit accessible to people with no /minimal credit history. Access to credit will unlock ability to create better future opportunities for Indians
#stillday1forindia
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Whoever wants to stay at home can stay. And for folks who are venturing out should maintain precautions but allowed to work if they wish to.
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Most startup or business advice is useless. There are no prescribed paths to success. Think from first principles and do what’s best for your situation.
chatgpt has no social features or built-in sharing, you have to sign up before you can use it, no inherent viral loop, etc.
seriously questioning the years of advice i gave to startups 🙃
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On the road delivering packages with my buddy in Bengaluru. Looking forward to learning something new ...
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Be proud of what you are capable of but more important than that is to become your own worst critic.
As such, most people never blame themselves for their misfortune and blame someone else. External direct feedback is rare. Hence, most never reach their full potential.
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A thread on processing fees charged on your loan: When you take a loan, you pay a one-time fee, usually a percentage of the loan amount as a processing fee. This fee covers the process of evaluating your loan application and getting the money to your bank account. 1/8
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A trip down memory lane as
@binnybansal
and I stand in front of our first ever office in Koramangala
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Our NBFC got upgraded by two rating agencies in the middle of the COVID lockdowns. Highlights strength of Navi group and quality of our teams. We are ready to take on the challenges coming our way. Congrats to
@ChaitanyaFin
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🙏
Dear
@_sachinbansal
, you have inspired lakhs of young Indians by your
#startup
journey.
By saying "Quitting Alcohol 🍻 & Tobacco 🚬 is one of the best decisions of my life so far",
you have now motivated millions of Indians to make the best investment of their life by 🚭 !
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True meritocracy is impossible. But pursuit of that is still extremely valuable.
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Risks are better understood, but what could be the big opportunities for India in this
#CoronaPandemic
?
I’m curious to know your opinion. Post in a comment below.
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Your pursuit of wisdom is the most important mindset you bring to any situation. You past wisdom is the most important asset you bring to any situation.
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This is a flawed logic. Brands don't buy into brand ambassadors personal opinions.
@snapdeal
shouldn't face this
hmm, so
@snapdeal
shouldn't face consequences due the statement of
@aamir_khan
, like BJP shouldn't be liable for Sadhvi Prachi's statements
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Herd immunity through mass vaccination seems like the only endgame for
#Covid_19
Am I missing something?
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A thread on the passive investing opportunity in India: Aug 31, 1976, Vanguard launched the world’s first index fund with just one thought - buying and holding the broader market than trying to beat it, will lead to better investor returns - 1/3
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Fantastic fusion of synergies!Tencent
@eBay
@Microsoft
&
@Flipkart
! Giant leap for Indian ecommerce
#FlipkartBigWin
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🙏
#ElectionResults
show how deeply
@narendramodi
understands India. Lesson for entrepreneurs: be fanatic about understanding your audiences
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Reminder
Set audacious measurable goals and go after them with ferocity
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