Are IITs losing their value? | Roundup #155 | The Startup Operator

[00:00:00] Hello and welcome to another episode of The Startup Operator Roundup, I am Roshan Karyaper And I am Gwujansaha and together we break down the biggest headlines from India's growing startup ecosystem

[00:00:11] If you are a regular listener to our channel then please consider sharing this video with your friends and family And if you are joining us for the first time, subscribe to our channel for we talk everything starters We have some fantastic conversations with investors, operators and founders

[00:00:25] And we also talk about the news from the week Last week, LinkedIn and Twitter was a buzz with news of IT placements They are down around 30 to 30% across the country Third wave is left with less than a year's runway

[00:00:39] So many of your favorite coffee places might be shutting down soon I would hope that doesn't happen Ilya Satskavir Who is famous in known for his part for his development in open it What's his last name again?

[00:00:55] Ilya Satskavir started a new company and well it is in the Safe Super Intelligence space and the company is called Safe Super Intelligence Inc Someone like 100% natural or something We have had the founders of Rishamandi in a podcast sometime back

[00:01:13] And lately it has been in the news that the company is really struggling financially So we will try to understand what's happening there So a lot of exciting things to talk about and react to, so stay with us right till the end

[00:01:23] Again, if you haven't already, please subscribe to this channel Like this video if you like the content and comment leave comments with your opinions on our text Let's get started How's your week? How's Mumbai? Mumbai was awesome We had the non-G event Is it a non-G event

[00:01:47] Nudge brings together the finest minds in Panke and Inshaar Let's leave the shameless Wimoplug aside But did you watch the match today of Gunston defeated Australia? No, but I watched the India vs Bangladesh Yeah, so I mean today was awesome

[00:02:04] So while Maxwell was batting I thought it will be a repeat of whatever happened earlier Right, but fantastic stuff go of Gunston Yeah, let's go How many players do you know from Gunston? There's a Trashad guy right that's in Rasheed Rasheed Khan That's about it

[00:02:21] The rest of them I mean I have it in my heart Babna, of course I'm Joe Okay, alright So an IT Kanpur alumnus, Thirath Singh He meets some disclosures under the RTI Act And the RTI stated that a staggering 38% of IT graduates across all 23 campuses are unemployed

[00:02:45] IT's carry out placements in two phases One in December and the second one between January and June And this situation, a Viral Bhatnaager who is you know founder of a junior VC dot com Check out his profile

[00:02:59] He says that this situation seems to be as bad at 2008 with placements Being a macro look of company expectations Most firms aren't expecting growth And therefore not building any capacity 2020-24 looks quite tough What do you make of this?

[00:03:16] I mean in such a we're starting with such a donor to begin with But you make it sound for us No, I'll bring out some optimism in this Look, I think for sure over the last five ten years

[00:03:27] We've seen an inflation in terms of tech salaries and you know demand and so on And so forth, obviously But I think it's more or less a resizing of these expectations Really, you know If you talk to companies they say that we can't find talent

[00:03:44] In this market and at the other end of the year I mean you're seeing 338% of folks not hired in the IITs So I would say perhaps it is a fantastic time for you know product Currently startups to like look at hiring these folks And if you're a student

[00:04:00] Look again, I think you have to resize your expectation a little bit And perhaps reach out to some of these niche companies That may not come to campuses I mean this was how it was earlier Before campus placement became a thing So I remember 2007, 2008 when I graduated

[00:04:21] It wasn't a great time either I mean that's an understatement because you know You had the global financial crisis happening And it was a it was a slaughter Right? I mean there were hardly any jobs And whoever got placement offers

[00:04:35] Found out that you know it got resented afterwards It got rolled back and so on and stuff So in any case there's always a market for good talent You have to kind of seek these out in good old outbound fashion

[00:04:48] Right? So I would say if you're struggling with these Reach out to me on LinkedIn And I definitely connect you with the companies that are hiring for sure So yeah Also I think there's some sort of a mismatch into what do people

[00:05:02] You know the kind of jobs they want to apply for And the skills required for it If you just look at startups right instead of sending CVs and all the artists People are creating posts on LinkedIn and Twitter Sinking hey I'm a graphic designer

[00:05:14] Here is something I made for you And those kind of content are getting a lot of reach Yeah, and also I think downturns are the phases Which really give birth to kick ass startups If you look at the 2008 Time frame

[00:05:28] Do you ever start ups like WhatsApp, Slack, Uber, Airbnb Yeah, and well these companies are some of the biggest in their industries Every startup goes through one or two of these down market cycles Right? I mean any every significant startup for sure

[00:05:42] So it I mean this is just a nature of the markets for sure Right? What goes up must come down and it will get back up again for sure So you bring up an important point which is that if you are a student

[00:05:52] You have to work on proof of work Right, which is develop your get profile Right, pick up site projects, site hustle, so on and so forth Trust me there is plenty of work out there There's just plenty of work out there

[00:06:07] But it's not served on a platter anymore Right? So yeah all the best But something really interesting to note here is that even though job markets are tough Right now the population of Indians with income greater than $10,000 That has been steadily growing

[00:06:21] Right? Right now we're seeing the whole wealth effect Where you know your investing in stocks and year over year it's increasing There comes a time where you think you have enough wealth that you're spending Go's up

[00:06:34] So with this entire discretionary spending is going up which is leading to a boom in the middle class population India as well Yeah No the top 5 top 10% in India are having a grand time that much I can tell you

[00:06:45] Right? I mean people cry about taxes all the time and you know we may see Some increase on that front I suppose But it's a fantastic fantastic time to be middle class or upper middle class in India For sure Right

[00:06:59] I mean just look at the quality of services man I mean it doesn't even compare to you know folks in the US right I mean where they can't afford services they can't order out You know plenty of things

[00:07:12] So we're living at a fantastic time in India if you're middle class upper middle class for sure Someone should look at the graph of discretionary income rising And also spending proportionately to that right I think that's going to create a market in itself

[00:07:26] In fact we're seeing plenty of folks you know cater to that market for sure Right so a lot of these businesses won't have exist in Let's say our father's generation Right You know for us paying 50 hundred 200 bucks for convenience is absolutely nothing

[00:07:44] Right, but they won't think of it the same way Right, so the whole breed of products and services catering to this is only going to increase Yeah, I mean the number of Indian made whiskey and gin

[00:07:57] That's what we're seeing. We are targeting this the rise of tomato gold Subscriptions, Nika or D BMW I mean things are pretty evident Yeah But unlike even the discretionary spending is going up Third wave is left with less than a year's run

[00:08:13] There was a report by the captable saying that third wave only has three months of runway left From last year's fundraiser Fundraise this is due to his rapid expansions and currently about 70% of its outlets are operating at a loss

[00:08:28] This has led to a lot of layoffs last year Now if you compare this to which closes competitor, which is blue token Blue token is also spending around 160 crore rupees to earn just 130 crores Whereas third wave's unerconomics To earn 160 crore rupees in revenue they are spending 200 crore rupees

[00:08:46] So why do you think that is the case? I mean we are seeing a lot of new coffee chains open But why is it not a very sustainable business So two points, right?

[00:08:54] I mean I theorize some time back that this cafe model of business doesn't exist in India You know you can't serve someone coffee for two of tea or 400 bucks of average order value And expect that the guy will leave

[00:09:06] He's going to sit there for a couple of hours two or three hours And if you add a poll of utilities, the cost of servicing, real estate and so on And so forth, making like 300 for and bucks out of this person

[00:09:17] For three hours is just not viable, absolutely not viable Okay, third wave is not known to be like a fantastic place for food Right? Even their coffees are mid at best I mean it's not like a boutique, like niche coffee type of place

[00:09:35] Like a carico or something, right? So it's tough, man. I mean you can't serve stuff for like 300 for and bucks You know average order value, it doesn't happen and to complicate things further

[00:09:45] They expanded like crazy, right? So wherever you see a Starbucks, you see a third wave as well A joining. Now you know 100 plus outlets if I'm not mistaken Right? I mean came up in what the last two years, two three years

[00:09:59] Right? So that's crazy. I mean it's an insane stress on the balance sheet Right? Which means that you know your each Center has to get profitable within a certain period of time Has to ramp up and so on for which you have to spend on marketing, right? Whereas

[00:10:14] I mean it's not a software business, right? I mean you can't scale that quickly You know Starbucks itself is I mean what is it? 1520 or 25 year old story, right? And in the US even older than that I suppose, right? So US there is this whole takeout culture

[00:10:32] And you know you step out on the streets in the morning and you will see like huge lines of people Standing outside these coffee places like fills or Starbucks or whatever Just to take their coffee and go, right? I mean but here it's not okay

[00:10:44] It's not okay. Open your laptop. Yeah exactly that also happens But then this takeout culture is a lot more prevalent there So you'll have like 20 30 people maybe 40 50 people It at queues who will take it and leave, right?

[00:10:58] And of course in the US you don't have the equivalent of our filter coffee Right, which is the most valuable for money thing in India Absolutely right for 20 bucks. You have fantastic coffee Right and you know Ten years back that was about 10 rupees

[00:11:14] It's gone up only like two times, right? So it's money buss And that's your ordering from Ramisharung Kapy, then it's 90 bucks What for a coffee? Yeah on the matter of Ramisharung coffee cost 90 bucks For how many cups? 1 cup. Yeah, yeah It's a kind of order yesterday for breakfast

[00:11:32] I think it's so can we coffee at 2? I think it includes like 50 bucks, 60 bucks, Delivery charge and whatnot I think. No that is separate Are you serious one Garlic, Geeros, Dosa from Ramisharung Kapy So matter is 190 bucks and one coffee is 90 bucks

[00:11:48] Jeez man, I think it's probably not. On top of that you have your platform fee You have your service charges, you have your delivery fee Life is hard, aren't you? But see Ramisharung is a great example It's a great example of like figuring out the target segment

[00:12:02] You know that niche basically Right they figured out this niche of premium darshanis Right and after that I think the plenty that I've started Amudam has started and there's a lot of these QSRs Breakfast places in Bangalore I've followed the Ramisharung Ramisharung is very simple overloaded

[00:12:22] Awesome, a lot of, no no but a plate of Italy would Earlier cost you about 20 bucks Right, I mean the same plate of Italy with some Geer and like Masala Whatever and you know garlands are dawning the outlet And you'll get 200 bucks But the food is good

[00:12:36] Let's not dunk on Ramisharung like all the restaurant Yeah, it's good. It's good. It's good. The food is good Even though I am like a native I will probably vouch for them Right That's a good testament

[00:12:50] But the important point in all of this is to figure out the target segment That niche and really go off to that You know, premiumization works man Absolutely works I think people can always pay more money first So that's another thing to learn from this entire thing

[00:13:06] Right, but yeah Sad for third wave I hope they figure a way to steal the ship in the right direction And get back up on their feet Okay, talking about steering things in a different way Earlier subscriber has started a new company called Safe Super Intelligence Inc

[00:13:24] This is the world's straight shot SSI lab which has only one cold and one product which is a safe super intelligence Now this is a new word that I'm hearing after EGI or What's it? What's EGI or if artificial intelligence Intelligence right

[00:13:42] I think it's a bit ironic that we are calling something super safe intelligence When we really have no idea what is an unsafe intelligence Right on Twitter and all and forums you will hear this old Terminator type Doomsday kind of AI

[00:13:56] But for me the biggest problem with EIs that what if AI Become so integrated with the life that they can start making transactions Without us actually approving it Yeah, so imagine the AI deciding whether to order your 90 bucks coffee or not Exactly exactly

[00:14:12] Yeah, no, so the real problem is right So I mean what is the entire I'm not able to understand this entire concept of super safe intelligence It sounds a little I mean I don't want to use a word but it's all the links

[00:14:26] Cammy right I mean when you say 100% natural you know for sure that it's not 100% natural Right I mean they're going to shove something in there You know escapes the regulation or whatever or when they say

[00:14:38] You know only art or something after that sort and you figure like you know It's probably like a brand name or something Heck come in there are no tomatoes and tomato sauce With that but yeah, yeah Really yeah, there's this do-don-not Twitter and Instagram right I mean

[00:14:54] Yeah, yeah, so he he proved that as well. Right so Crazy not to invent tomato sauce So yeah, I mean before we go on that tangent Right super safe intelligence I don't know man. I mean the name sounds interesting but look come in

[00:15:10] I think it this was on expected lines right I mean there was this whole Bored room saga that happened with Ilya and the rest of them trying to ward Sam Altman out and then Sam Altman came back and then the power dynamic shifted

[00:15:22] And then Ilya left and obviously he was not going to sit around with Lings thumb Right, I mean I also imagine the number of VCs Like lining up outside is door right like build anything build anything will give you something Right so so yeah

[00:15:36] I guess this is the case of like you know someone was really talented has the experience as build shit Decided to do something in the space that's about it right we don't know what is what at this point I think there's just like one website right now

[00:15:50] Which claims all tall which is like hiring but the hiring link does not work really Yeah, so careers that as something like that I saw it on Twitter Or I if you're listening to this You know fix your hiring like sure subscribe to this channel also subs

[00:16:07] Yeah, but let's see let's see what happens this AI story read this very similar to the Gartner hype cycle. I think we're really reaching that peak of Excitement from where we're really going to go down and then start off on the meaningful stuff

[00:16:21] I mean because look up look about it. We had the when open I released GPT because the chatbot phase And you moved on to AI agents then the entire conversation shifted towards age AI and now we're gonna be waiting one

[00:16:33] Say I'll grant you that you know some real absolute killer use cases They're not yet emerged. Okay, but still there's a lot of like core work that's going into it

[00:16:42] Right, I mean look you are young enough that you don't realize like this whole dot com craze that happened But you know people basically bought some weird domain name and like they were valued at some hundred millilore something like that

[00:16:53] Crazy you had web and peeps pets dot com so on and so forth like losing money hand-over fist Like forget about losing money. They didn't even have a business such right just by the domain

[00:17:04] Yeah, lot of them you know and there was this crazy an India off like You know adding info tech to your company right? I mean let's say you were some ABC company or whatever You became ABC in for tech

[00:17:16] Private limited, you know, so there's there's always those kind of things, but I feel like Look come in Nvidia still selling chips right they came out with his H1 or whatever and and you know that that's like flying off the shelves

[00:17:29] The demand for GPUs is like super strong Right and people are still tinkering around and people are building you know real stuff right so Whether it is dot com or crypto. I mean think about crypto mine There was so many of these like very meme coins that

[00:17:45] Again just for shoots and you guys they made money right? I mean at least it's not like that So I do feel like you know killer use cases will take time to develop but this is real

[00:17:56] Yeah, okay, so then will you say that all of the AI or whatever Genitive AI things which is seem to be there are all just fancy rappers over core features A lot of you have this meme right you're cheered on WhatsApp

[00:18:10] Folks take a look at it listen urgent this universe is just a rapper around me This like Krishna is having a dream and we are all figments of his imagination My right I mean true my actually yeah

[00:18:24] Who knows where this is all going and so it's a simulation people are gonna build like rappers around stuff Right, I mean that's just how it is people work on platform infrastructure people work on rappers applications

[00:18:35] So on and so forth on top of these that's that's just how it is in any market on any technology right So so it's it's good. I mean not everyone will go out and build an alum

[00:18:46] Right, so there are the all-alums and there are those who kind of leverage these to build stuff around it Right, so I would only say that the pace at which it's it's developing at this point of time

[00:18:56] If you're a rapper, I mean you have to really build a differentiation because just the next upgrade of the technology might make your You know value commoditized right, so who knows you guys should check out the reason video by mkv

[00:19:10] He did a very interesting he gave his own opinion on this thing called is AI of product or a feature I think you should definitely check that video out coming closer home Reshawmandi is caught in our financial crisis

[00:19:23] The bank accounts are frozen there are dealers in dead payments and there are legal challenges mounting up which is threatening it's survival I guess there's other company that comes to mind Think of these points Please let's not mention them. Okay, so for folks who don't know

[00:19:38] Reshawmandi is a B2B silk product market place. It has been struggling with dealers in dead payments I met difficulties in fundraising since the middle of last year The company has asked some of its employees to sign new offer letters from an entity called

[00:19:55] The salaries of some employees were settled through the jenzer account and Reshawmandi's outstanding salaries are listed as a joining bonus in jenzer This has led to employees filing complaints with the police which ultimately led to the settlement in their salaries

[00:20:10] But this is not only you know this kind of trouble is not only restricted to Reshawmandi A 2023 agri-foot tech investment report by Akfander and Omnivore Highlighted that 33% job has been seen in venture capital funding for agd tech and foot tech startups in 2022

[00:20:29] With total funding falling to less than 2.4 billion dollars The sector has mostly been relying on government support amid strict official controls So really not a very lucrative space to be in It's a very complicated ecosystem The supply chain is super super complex

[00:20:47] The premise of Reshawmandi is value was that we're going to streamline this agriculture ecosystem They would procure from farmers, they would supply it to government creators and so on and so forth Classic vertical marketplace that layered marketplace along with software and financing

[00:21:09] Very very complicated man super complicated business And I think in three or four years of founding they had already touched I think about two thousand crores of revenue and so on

[00:21:19] The challenge with this business also is that the credit cycles that they have to offer to these guys Is really tough It's very very tough So like they say revenue is vanity, profit is sanity and then cash is reality It's hard It's really hard to manage this business

[00:21:41] I only hope that Mayank and his team are able to get out of this mess that they've gotten into I really do feel that these marketplaces have huge potential For sure, right and we're seeing that I mean we're seeing off business for example, execute really really well

[00:21:56] So there is definitely value in this it's just really complicated Alright so Rosion those are some really interesting you know insights into some of the headlines that Round up as we know, blah blah down this time We need to like amp it up a little bit

[00:22:12] Why do bring us some cheerful news some optimism Alright let's talk about the fund raises from last week and then we have seen some big check sizes Leading the pack was Repto that is 65 million dollars from Avenue Light Speed, Avrog, Dhammedlead Book and others

[00:22:27] And they raise at a valuation of 3.6 billion dollars A live health which is rapidly expanding health check platform in India Sikyard 5.5 million dollars in series A-down Which was led by Acceler Ventures with participation from one crowd fund and in health ventures

[00:22:44] The Pant project which is a D2C brand raised $4.25 million from Soryan investments, MGA ventures, Huddle, Dexer ventures and other angel investors And last but not the least and I think it's going to be my favorite one

[00:22:58] B-done 91 which is the craft beer manufacturer there is 25 million dollars from Kirin Holdings in Singapore Tonight we're gonna have a B-dob here But Zapto and Alive health those seem interesting Yeah very interesting by the way, the Zapto found us a still 19

[00:23:16] We don't know right to check some of the sporters online But look I think they're painting this as a bigger opportunity than Amazon and Flipkart Right and there's definitely some distance to go on that

[00:23:29] We spoke about how people don't mind paying for convenience and discretionary income and spending is rising And so on right this just feeds into that Once you go Zapto it becomes a bit of a habit I myself use Instagram art because I don't want to

[00:23:44] Don't load another app or whatever but I'll try Zapto out Competing against the Kirana traditionally has been really really tough But Zapto has made good progress at least a Wachive decent adoption I will say right and again

[00:23:58] I don't understand the business economics of this right on how you can make money of a 300-400 Ropey average order and the margins are razor razor thin Right and there's only so many of your own cell phone brands that you can run and so on and so forth

[00:24:18] But let's see let's see Zapto guys have also been raising funds at an annual piece of lake once they're averaging one fund is a real And sometimes it's even two fund is is this is just a lot of cash right

[00:24:32] I mean what I heard was that they want to plan for an IPO and they need enough money in the bank for that and so on so forth I don't know man. I really don't understand. I can't wrap my head around like either the unit economics of this

[00:24:45] Or you know how they're going to scale this beyond like let's say the 3450 million people who actually will you know subscribe to something like this Right, you know if you told me in 2010 That you know flip cart will have 100 million users or so on

[00:25:05] I don't know. I wouldn't have like said you know it'll happen right I mean because it just was crazy at the time that you know someone will order stuff online pay and all of that stuff

[00:25:17] But somehow we've gotten there right we have like maybe 100 million people ordering on these e-commerce platforms Right, and today if you tell me like in another 10 years Zeptow will achieve their kind of scale. I don't know really I don't know if you'll get 150 million people who order grocery

[00:25:33] You know from the app right I mean in the case of flip cart I mean it was They didn't have to displace a habit right, but here I mean it's so well-entrenched right like my mom will never order from Zeptow

[00:25:47] Perhaps she's not that TG as well right, but everyone has that one you know Kirana one or two Kiranas right next to you that will have everything right So I don't know I suppose it's a it's a

[00:26:02] There is a TG that they're looking at now the only question is is it scalable enough is it like big enough? Is it worth exactly is it worth that right I mean is it profitable enough

[00:26:13] But it's good that all of these folks are looking at the IPM market so let's see But in amazing man, I mean like the ambition right these guys have an division they have is like you really have to give props for that

[00:26:26] Right, I mean such young guys but seems like you know they're here to make a difference for sure To be interesting to see how much of the company they own out if they're raising at such a Now it'll be round to single digits. I think

[00:26:40] Robby of the Dunzos story what about it? They raised a huge chunks of money from reliance, Google and whatnot And I think the founders in total they were left with less than 7% of the company

[00:26:52] Yeah, that happens after you raise three or four rounds especially I mean that to that mammoth round So I mean it does happen right but beer is another interesting thing right I think they for a brief time and then they just disappeared

[00:27:05] It was super popular about you know, which is your back Super duper popular, but since then I mean I don't see them on the shelves as much You know they had something on the whiskey section That too, but then

[00:27:20] Yeah, I mean it's it's again. It's one of those really tough businesses right? I mean the government Chages more than a pretty penny on Beer and alcohol in general, right the taxes are crazy crazy high

[00:27:33] So you're left with very little, but let's hope that you know they're able to scale beer There's another one right and a new company in the acceler portfolio alive health This health tech platform space in India is also really real Alive is an interesting business

[00:27:53] You know Shashankan is co-founder of from the domain itself They were consultants before this and they built a very capital efficient business Right, so again such a contrast from everything that we've been speaking about right So there are like good profitable businesses that can be built in India

[00:28:11] In very much contrast of like go big go broke kind of businesses, right? So they want to watch out for for sure Awesome, let's see what are some of the interesting tweets you could find for you from the last week We have James Hawkins who you know tweets

[00:28:30] He died doing what he loved Shifting paradigms across scalable B2Vs as And picking low hanging fruits with seamless integrations for keystokes take holders Honestly when you send the street to me, I don't know what sense to make of it But then later this is a custom

[00:28:47] Dude, I was the one who was hilarious I just thought it was super super hilarious Look, I mean it's like I don't know man people keep dunking on B2Vs as folks Like it's some boring shit It may be boring, yeah

[00:29:01] But important thing is to die doing what you love So if you have today So Jason Lankin posted a tweet listing down the companies that are in the one to two X, ARR club Some of the companies he listed are amplitude zoom, sprinkler, PayPal

[00:29:19] What is this like what is this one X to two X? This is basically showing that the US public markets right now is dog shit on valuations I mean seriously, right? I mean PayPal being valued at you know 1.5 X or something is crazy, right?

[00:29:32] It's ridiculous, I mean an equivalent of that company at a tenth of the revenue will list at crazy valuations in India We saw the kind of subscription that Exigo had you know a week back, 100 X subscribers won

[00:29:48] Right? So there is a huge appetite in the Indian public markets for something tech So really, I mean the opportunity is for the next 40 50 60 of these companies to go and list in India for sure

[00:30:04] Well one company that has been having a very different kind of problem in the US is NVIDIA Stock prices have risen so much that many of the double this year Many of the engineers who had stock options four five years back

[00:30:17] I mean they are considering to retire because their stock values are what probably 50 60 million dollars And even at 10 to 20 million right, I mean even at 10 to 20 million It's so it's that kind of wealth where you can re-evaluate your priorities You know I mean 10 to 20 million in the US

[00:30:35] But imagine these people like these engineers decide to quit Did I say decide to quit? It's going to be tough man I mean a lot of these folks who made enough money right, I mean why will someone like still like put in the you know

[00:30:50] 12 are work day as such right. I mean a lot of these folks are going to re-evaluate shit Another interesting video that we came across on Twitter is Trump saying I promised to staple a green car to anyone who graduates from any college Even two year community college

[00:31:07] I think this is good news for all the So Trump was on the oil and part. I'm yet to check out that part because I just saw snippets of it Yeah, yeah, yeah, yeah, yeah, yeah

[00:31:18] I've never heard you talk about this. Can you please promise us you will give us more ability to import the best and brightest realm world to America I do promise but I happen to agree that's why I promise otherwise I wouldn't promise

[00:31:31] Let me just tell you that it's so sad when we lose people from Harvard MIT from the greatest Schools and lesser schools that are phenomenal schools also and what I wanted to do and I would have done this

[00:31:43] But then we had to solve the COVID problem because that came in and you know, sort of dominated for a little while as you perhaps know

[00:31:50] But what I want to do and what I will do is you graduate from a college. I think you should get automatically as part of your diploma a green card To be able to stay in this country and that includes junior colleges too This is very

[00:32:04] Stark difference from Trump in 20 18 No, look you know for all is ill's right. I think Trump is pretty logical Very very logical on some of these things. I mean he had the right instincts about China for example

[00:32:20] Right and I mean the whole mess in Ukraine as well, right so I think this is awesome news for the US

[00:32:28] But it might not be the best news for India right. I mean we're already suffering from you know our best and brightest folks living the country to do things in the US and so on

[00:32:38] But look, I've had friends in the US who have had to wait 10 15 years to get a green card And these are folks with a masters in engineering who work at like amazing companies like Facebook or you know Apple the Google and stuff like that

[00:32:51] Right it makes absolutely no sense Especially given the fact that you know people are just like crossing the borders at this point right So the US had a very different immigration policy in the 60s 70s 80s

[00:33:05] I mean they used to kind of look at it as a talent hub You know you come in with your degrees you come in with your talent and hard work and you can build a phenomenal life out here in the US

[00:33:15] It was that but today it's become kind of a charity case, right? I mean you have all kinds of people getting into the border and it's not perhaps politically right to talk about it

[00:33:26] But these folks are not going to add to the you know economy, the society, the culture or whatnot I mean sure if you want to look at it as some kind of charity or whatever There are multiple reports and studies that show that

[00:33:39] Give the money to folks in their homeland, right? It's way more economical, it's way more effective as well rather than inviting them to your country and like trying to you know Trying to integrate them into your society and so on, right?

[00:33:55] It's very very difficult. So I think this is a right attitude to have from a country perspective which is that If you are a talented person and you're willing to work hard then this is the country for you

[00:34:04] Right look I mean US they sold their dreams so well that you know when you look at whether it is nasa or silicon valley or any of the other text of right

[00:34:17] I mean from hotels to doctors to tech right I mean Indians have been the backbone of the growth in the US So this is great news for US Not so much for India in some sense It was also means a US cricket team is gonna get stronger

[00:34:35] Yeah, maybe we'll find a few more oracle engineers opening the bowling All right, so those were some of the most interesting things we found on Twitter If you found something else do let us know in the comments below we'd love to share your memes with us

[00:34:52] Yeah, sure you never start off starved off memes. Yeah absolutely All right folks who stayed with us right till then thank you so much Please like this video if you enjoyed this conversation and share your opinions with us

[00:35:04] Stay tuned on a social media platforms for upcoming conversations and interviews We'll you back again with more exciting headlines next week Till then take care have a great week. Bye guys. Cheers