Prashant Pitti
@ppitti
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Co-founder EaseMyTrip & Optimo
New Delhi, India
Joined August 2008
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Pinned Tweet
I invited Dhruv Rathee for Live-Debate, but he did not come
It's okay, he must be busy creating next "educational" videos for school kids
Going by
#ExitPoll
, his business will continue to flourish post
#ElectionResults
as well
For his followers, here is glimpse into progress
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Dear
@dhruv_rathee
This video looks edited, I assumed you would know better
IF your agenda is truly to see better India (and not grow your bank account), you would projected both good/bad, instead of just bashing current govt.
Anyways, it's still not too late, let me tell you
This is why voting for educated politcians is important 🙏
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In today's episode of, Never Ever Thought I Would Say This.
An old friend called and said jokingly "Chal ab meri Maldives ki ticket bana"
My Response "meri competitor ki website use kerle" 🤣🤣
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#ChaloLakshadweep
Water & beaches of Lakshadweep are as good as Maldives/Seychelles
We at
@EaseMyTrip
will come up with crazy special-offers to promote this pristine destination that our PM
@narendramodi
has recently visited!
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Nation-First is the craziest offer we could think of going live with!
#BoycottMaldives
@EaseMyTrip
@nishantpitti
@rikantpitti
In solidarity with our nation,
@EaseMyTrip
has suspended all Maldives flight bookings ✈️
#TravelUpdate
#SupportingNation
#LakshadweepTourism
#ExploreIndianlslands
#Lakshadweep
#ExploreIndianIslands
@kishanreddybjp
@JM_Scindia
@PMOIndia
@tourismgoi
@narendramodi
@incredibleindia
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Amazing meeting with
@ysjagan
sir at Davos!
Sir is very proactive to meet unicorns and invite them to Andhra Pradesh!
@EaseMyTrip
will try our best to support by working along with state tourism and transportation dept!
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Someone pls solve this hiring issue
This is hugely prevelant & ends up wasting so much time & resource
Once a candidate accepts offer-letter, companies wait for months & rejects all other potential candidates
But candidate decides on very last day, that they won't be joining
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Just finished 32 TV & news interview request today
Could it be some sort of a record?
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Few weeks ago, I was speaking at a top tier college, as a guest lecturer.
My topic was, how to start your entrepreneurial journey after graduation.
After my talk, while moving up the aisle to exit, suddenly a person (you will know why I am not naming the gender) blocked my way
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Have been thinking to start something impactful at grassroot level (and run it alongside EaseMyTrip)
Finally, starting a co-lending platform (and NBFC), to serve the highly underserved MSME market, by offering collateral-free business loan in rural India.
Looking to hire 100+
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India has 45% population working in the agriculture sector, while in USA and Britain (& other developed nation) its around 1%
To take Indian GDP to next level, we must adopt Industrialized Farming & find ways to move our workforce from agriculture to manufacturing or services
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Also uploaded full video on YouTube here:
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Many people falsely equating this to, employers firing people. Firing and quitting happens all the time
Real equalizer would be, if employers also start to offer-letter and then on joining-date say NO to candidate, as they found better employee!
Would this be acceptable? Big NO
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Running WhatsApp group of tech-driven Bootstrapped Founders
Who all should I meet?
Pls tag them & retweet
Promise it would be worth for bootstrapped junta :)
About EaseMyTrip
- 2nd largest travel portal
- Bootstrapped till IPO & Unicorn
- Profit for FY-22 was 107 Crs
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Thanks you
@narendramodi
for your acknowledgement 🙏
Means alot to entire
@EaseMyTrip
team
@rikantpitti
@nishantpitti
Rightly stated by Rikant Pitti! StartUps will surely play pivotal role in building a ‘Viksit Bharat.’ Our focus is on augmenting this ecosystem and giving them the pedestal to shine.
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Also it's very common, 25-40% of the hired candidates, say they won't be joining at the last minute.
And its not just the juniors, happening at senior level equally
If this is happening to an org as big as ours; I can't even fanthom what's happening at newly launched startups!
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Most Indians are penny wise & pound foolish
We take irrational heavy ticket-item decisions, based on need to show-off, like home buying, wedding expenses, car purchase, etc
While we also haggle for 2 rupee dhaniya from the poor street vendor 😅
How can we change this mindset?
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No new product launch, yet this level of crowd.
And then we say: we are busy, time nahi hai humare pass!
As a developing nation, we got to set our priorities right.
#AppleBKC
#AppleSaket
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Few folks keep bringing EaseMyTrip, in every international-news (even if its a fake one). Hence sharing some final-words:
1stly: Biggest trade/commerce between India and US is NOT Tourism (metals, coal, glass, leather, pearls, etc are 10-times bigger than tourism). Nor the tiff
This is unacceptable. I urge
@easemytrip
to stop bookings of all flights to the US on their platform.
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GenZ's please understand, in professional setting:
? means asking
?? means screaming, not asking
Thank you.
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I'll be calling this series - Ideas for India.
Let's begin:
"Protégé"
This word entered the English language in the mid-18th century, meaning "to protect".
It was used to refer to someone who is under the guidance or "protection" of someone more knowledgeable or
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Thanks
@Rajeev_GoI
sir
“With the
@_DigitalIndia
initiative of 2015 and increased internet penetration across the country, digital transactions have increased significantly. Under the
#BharatNet
scheme, more than 2.5 lakh Gram Panchayats and villages have been provided with an internet connection. The
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Thanks
@sonalchauhan7
Did you know that offers lowest prices and comfort of FULL REFUND without extra charges in case of cancellation due to medical reasons. What a thoughtful initiative by
@EaseMyTrip
Download EASEMYTRIP app now
#easemytrip
#refund
#travelsmart
#travelwithemt
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EaseMyTrip, truly going global
We sell digital goods (email ticket), hence our business isnt restricted by boundaries
We are clearly (by far) the most cost efficient OTA in India, iImagine how much cost advantage we have, by running our ops/tech in India, but for the world
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@ANI
Thanks everyone for supporting India and EaseMyTrip..
If Maldives has so much anguish against India, that without provoking they made objectable comments on us, than perhaps we should find other destinations to spend our money on.
Prashant Pitti
Cofounder EaseMyTrip
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Power of Faith
My 5 year, Kian Pitti, old learnt cycle riding all by himself few days ago!
I asked him, how did he ride his sisters cycle?
He said "I imagined that side-wheels exist & I won't fall"
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@neha_bisht12
Thanks everyone for supporting India and EaseMyTrip..
If Maldives has so much anguish against India, that without provoking they made objectable comments on us, than perhaps we should find other destinations to spend our money on.
Prashant Pitti
Cofounder EaseMyTrip
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Honble minister
@PiyushGoyal
addressed gathering of 15-20 leaders from India, at Davos tonight, and I bet everyone left being a bigger fan of him
Every word was an MBA class, to learn on how to act like a leader & get everyone thinking about common goal: It is INDIA's Moment
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@ANI
Thanks everyone for supporting India and EaseMyTrip..
If Maldives has so much anguish against India, that without provoking they made objectable comments on us, than perhaps we should find other destinations to spend our money on.
Prashant Pitti
Cofounder EaseMyTrip
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What 5 movies are you confident you’ve seen at least 10 times?
1. Shawshank Redemption
2. Interstellar
3. The Dark Knight
4. 3 Idiots
5. Braveheart
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This is how competing should be
Fierce on the ground & brotherly love off the field
#RogerFederer
#RafaelNadal
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@pawanca_2000
Don't accept offer letter, it's fine
But this is after accepting offer-letter & then not showing up the last minute (after making employers wait for months)
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Strength does not come from winning. Real strength is developed during hardships & struggles.
When you go through series of failure, and still decide to try one more time, that is a true sign of strength.
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@jrdorkin
@frykh0lm
@dafrankel
Media barely covered us for last 13 years :)
But a month ago, we IPOed EaseMyTrip at ~USD 300 million valuation, while remaining bootstrapped all the while!
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The FIRST GUY who came out to help (in black jeans & shirt) must be rewarded for nullifying a catastrophe, cuz of him others mustered courage too!
Just like single pebble can cause far-reaching ripples in water, similarly an action of one individual can have far-reaching effect
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What are true signs of wisdom?
1. Being non-manupilative & ego less
2. Being non voilent, forgiving, having tolerance & patience
3. Piousness of words, body & heart
4. Steady-mind & control over senses
5. Low attachment towards people & belonging
- Bhagwad Gita, Chapter 13
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Nice chatting with you
@Sonal_MK
#MCAtDavos
| Prashant Pitti, Co-Founder & Director of said there's a huge amount of pent-up demand in the hospitality sector.
Watch this interview with
@Sonal_MK
⤵️
#WEF22
#Startups
#Davos2022
#WorldEconomicForum
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I find many people get confused between branding & positioning
Branding is: How would someone describe your product (in one line) at a crowded & noisy party?
Positioning is: Why should someone even talk about your product in a crowded & noisy party?
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Your appraisal is disappointing because your boss has never heard of Goodhart's Law
Once you learn what it tells, you will never measure the same way again.
CTR for marketing, SALs for Sales, GDP for countries.
Goodhart's Law tells you why one metric will never be enough
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Being nimble, aigle and keeping ear closer to the ground are the most underrated skills in the business world.
That's the only way startups can win the fight against big gaints.
This explains—better than any management lecture—the advantages in business of being small, nimble and quick-witted. That’s why large companies need to carve out startup teams & startup cultures within themselves in order to pursue new opportunities.
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@TimesAlgebraIND
Thanks everyone for supporting India and EaseMyTrip..
If Maldives has so much anguish against India, that without provoking they made objectable comments on us, than perhaps we should find other destinations to spend our money on.
Prashant Pitti
Cofounder EaseMyTrip
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Stunning homes are not made by great location or good design.
Stunning homes are made of three key ingredients:
1) respect
2) never-ending trust and
3) unconditional love
of each member for one another.
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This type smear happened few times in the past.
Is this is how VC/PE funded companies spend their money, against bootstrapped companies? 🙆
Competitors defaming another Startup
This time its EaseMyTrip, have always respected EMT & how they built a profitable business
•All fake accounts, girls' names, new accounts
•Defaming EMT, Promoting Goibibo
High time when Influencer and Paid Marketing needs to be regulated?
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Warren Buffet Rule 25-5:
Write all 25 things you want from life. Prioritize them.
Keep only 5, remaining are distraction and should NEVER be done.
They hoard space in your mind & don't allow you to flourish top 5 items.
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I have been coming to Bangalore for decades. Have stayed here put together for more than 3 years cumulatively. Yet not able to understand single word of Kannada
But my both 8 & 6 year old kids, within first 1 day of coming to Bangalore, without anyone asking or any help, have
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Humbled to be invited to speak at DAVOS.
DM if you are also travelling, would love to catch up.
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Share your thoughts
How would 2030 look like?
I will start:
Computer chips will be cheaper than a dollar & they will be everywhere! Our clothes, glasses, shoes, mattress, chair, desk, blinds, possibly even inside our body (hand, arms, legs, brain, etc)
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I'm tired.
I'm tired of getting fooled by false ads and their broad generalizations.
Just yesterday I saw a favourite celebrity of mine endorse a perfume, and my mind went, "oh this perfume must be the most incredible and wonderful out there"
Why do I like being lied to? Why
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Their is substantial difference in the way OTAs recognise Revenue in Hotel & Holiday segment
EaseMyTrip reports only net profit/loss as Operating Revenue (booking amount - purchase cost - discount)
While most other OTAs recognise their booking-amount (GMV) as Operating-Revenue
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Multiple time I have observed, the less privileged ones are far more richer, when it comes to sharing.
The ones born with the silver spoon, cannot empathize what's it like to be on the other side.
Every time I fly to Delhi I think of this airport cab driver who once told me "everyone has a story inside them". I asked him "what's your story?" He said, "Sometimes when it's raining or too cold, I pick up homeless people in my car & just let them sit in there all night..." ❤️
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An entrepreneur makes multiple make/break decisions everyday
Many of these frameworks, can help to make better decisions.
Frameworks provide clarity in complex situations.
Here are 20 useful frameworks (on startups, investing, writing, & life):
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I've been lucky enough to be that someone to many people but only after I was under the guidance of teachers far more knowledgeable than me.
If you struggle to learn something, this is the easiest method to grasp, apply and execute what you learn. Here's my hat tip to the
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Most intelligent people rank themselves as average & often say "I dont know"
While people with low intelligence, mostly rank themselves very-high
Why? "Ignorance Is Bliss". Ignorant humans don't read or examine in detail & often assume they know alot
- Dunning Kurgar Effect
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A few weeks ago, I promised all of you I'd teach the methods and ideas that helped me bootstrap Ease My Trip to becoming a unicorn.
These ideas will help you see your world differently and become useful to India and it's future.
What do you say?
Hell yes!
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First the debate!
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Honored to meet Anil Agarwal Sir
@AnilAgarwal_Ved
Humbled to see him excited about Indian Startup and mentoring them as well.
Such an enlightening experience to spend time with him, an inspiration to this generation of startups.
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Probably cause, the work of the scientist is not easily understood by the common person. Their work is hard to relate to.
However the work of a movie-star, cricketer, comedian, etc, is very easily understood by everyone.
Any other reason?
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I can complain about it all day, but it's here to stay.
So, if you're interested to know how you can use it to your advantage......
Watch on
Ideas for India
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The neverending hustle of Ottoman King Mehmed II, to conquer Constantinople, is something we all can learn from. He almost lost battle 4-5 times, yet he won in the end.
Lots of learning from "The Rise of Ottoman Empire" docu-drama on the Netflix, do watch.
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Will we still live with COVID in 2025?
A. Cuz of mutation, it will be scarier, than what it is now.
B. By then, it will be just another flu.
C. Covid what?
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90
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Can't Say
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Heard of Veblen goods?
A product where demand goes up, as you increase the price!
Like: diamond, designer bag, iPhone, luxury car, etc
-
How to launch Veblen product?
Control supply, limit distribution, create demand, link purchasing to success & market how expensive it is!
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Give me 60 seconds to tell you a crazy story:
In the movie 'Oppenheimer', we see Kyoto being removed from the atomic bombing list, despite its military significance.
Why? Because the American Secretary of War and his wife HONEYMOONED IN KYOTO and they loved that city. Crazy!!!
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Life is unpredictable, even the closest people around you can act irrationally
The ONLY thing you can trust upon, is your own talent and skill.
So never get complacent. Keep curiosity high & keep reading. Keep upgrading your skills. Keep learning & growing.
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Our Middle East is scaling very fast.
Within 1st year itself, we did INR 118 Crore business in Middle East.
Reason? Cuz all existing players are charging convenience/service fees, while our cost structure allows us to keep it at ZERO
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And now we have appointed Sameer Bagul as MD for Middle East Market
Similarly we will target other developed nations first, where we have significant cost advantage, by building from India, but for the world
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Wishing the team all the very best!
Don't know why companies get so insecure (about startups taking inspiration from their brand name)
Many big brands waste millions of dollars (in legal & court fees) to intimidate young startups
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If you care about making good conversation, holding attention or just leaving a good impression, read this:
The IPL finals are going to be interesting, electrifying .......and loud. Very loud.
The cheer of the crowd, the blasting of the speakers, the cracking sound of ball
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Riyan Parag should've YouTubed "Barbra Streisand" before he his search history leaked.
Ever heard of Barbra Streisand?
If you have, it's not because of her music (I frankly prefer Sunidhi Chauhan)
If you haven't, you're about to. And for reasons Barbra never wanted you to.
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@AdeParimal
@EaseMyTrip
has not only been profitable for last 13 years (since inception), but also grew bootstrapped even after IPO.
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@vaibhavbetter
EaseMyTrip grew bootstrapped & profitably by:
- being service to travel-agent for first 3 yrs, 2008-10
- started b2c wing & grew linearly @ CAGR of mere 10-15% for next 4 yrs, 2011-14
- word-of-mouth/tipping-point kicked in, and EMT grew @ CAGR of 57% for nxt 5 yrs, 2015-20
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EaseMyTrip is hiring family members of Covid Warriors who lost their lives saving ours!
Spread this tweet and share resume at Community
@EaseMyTrip
.com
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Dont be a victim of: Moral Licencing
Allowing yourself to be bad at something, since you have been good at something else.
Example: hogging heavy food after cardio/wright-lifting.
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Spoke with a senior candidate 2-hours ago, shared vision & what all we aspire to become
Now he cannot wait to meet till morning, he scheduled interview to be done today itself at 1:30 AM tonight
We are going to meet 80 mins later
#FirstTimeEver
#Hustle
#Hiring
#130AMInterview
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A driver:
In Bihar, we don't spend much on daughters education, JUST because, then we will have to find a guy who is more educated.
And in Bihar, the more educated man is, the more the dowry we have to pay 🙆
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Heidelberg Hospital: Stress Study
They interviewed doctors by asking them complex math problems
Later their blood contained high level of proteins (used in fighting external pathogen)
Such protein not only fight disease, but also damage healthy cell, leading to age prematurely
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@nrmangal
Graph 1. We use desktop for our call-center & laptop (NOT macbooks) for others
Graph 2. EMT has developed software IN-HOUSE over years & expensed-off in same year. We do not capitalize (& later amortize), hence our software-development Intangible-Asset is low
Google Search Data
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Well, here goes idea
#1
- The Availability Bias
You know how sometimes you make decisions based on the first thing that pops into your head? Well, that's the availability bias in action.
For marketers and decision-makers, understanding this bias means recognizing that what
In the past 6 months, I've received countless DMs from so many of you when I talk about ideas like the 'Traveling Salesman Problem' and "Autonomous Taxis" and more.
How about, starting today, I give you 60-second deep dives into all the ideas that have helped me bootstrap Ease
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Thanks
@iuditg
and
@In_Sane_Saint
for hosting this informal twitter space. Had a great time :)
Never thought this will be such a blast!
@ppitti
is one of the humblest founder I have ever met.
It was such an incredible experience to host both Prashant and Nishant.
Thank you
@In_Sane_Saint
for being a such a wonderful co host
Thank you everyone for joining ❤️
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@puneetiitm
is one of the main sponsors for Asia-Cup.
This is our first $$$ spend on tourney & it came at amazing bargain. Probably thanks to muted consumer-tech bidding?
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