馃攳
The side of India the West doesn鈥檛 know about | Startup Planet Ep. 2 - YouTube
Channel: Slidebean
[4]
you just walk out and you come across
[6]
this
[8]
this building that we genuinely thought
[10]
was abandoned
[12]
[Music]
[17]
[Music]
[24]
we're about to embark in a 33-hour
[27]
flight
[28]
across the world
[29]
to india
[32]
[Music]
[35]
before i came to india there was one
[37]
word in my head to describe this country
[40]
chaotic
[44]
you can only really experience a city if
[46]
you're on a scooter not in a car
[50]
there's this picture that our side of
[52]
the world
[53]
has about india and you can blame
[54]
hollywood
[56]
or you can blame just statistics without
[58]
a lot of context but the truth is that
[60]
our image of india is incomplete
[64]
and i've struggled with this for years i
[66]
know firsthand how many tech companies
[67]
are coming out of india many of them are
[69]
good friends of mine i know how much
[71]
people in tech make and how much that
[73]
contrasts with the rest of the country
[75]
halfpin offers as high as two crore
[78]
rupees per annum for iit graduates i
[81]
know how many of you watching are from
[83]
india but why why do so many companies
[86]
come out of india what advantages do
[88]
they have for being here what kind of
[90]
life do entrepreneurs and startup
[92]
employees live when they're making 10
[94]
times what the rest of the country is
[96]
making from the other side of the world
[97]
we just don't understand it i don't
[99]
understand so i needed to experience
[101]
india myself i spent two weeks talking
[104]
to founders experiencing indian food and
[107]
culture and discovering a new set of
[109]
indians a side of india that us
[110]
westerners hardly ever talk about and
[113]
that i had no idea was so big
[116]
more importantly i discovered how
[117]
statistics just fail miserably at
[120]
painting a full picture of what india is
[122]
like i discovered how this chaos that we
[124]
perceive is really a pool of innovation
[127]
for tech companies and how technology is
[129]
transforming this country neighborhood
[131]
by neighborhood and city by city
[138]
[Music]
[143]
back in 2017 i hired our first employee
[146]
out of india this talented ux designer
[148]
and he told us his salary expectation
[150]
was four thousand dollars and i looked
[152]
into every single statistic about indian
[155]
median income and i could not wrap my
[157]
head around major concern we have around
[159]
95 million entered extreme uh poverty
[162]
just in 2020. the average adult in india
[164]
makes around 2 600
[166]
per year that's 220
[168]
a month that means a salary of four
[170]
thousand dollars or forty eight thousand
[172]
dollars a year puts you well into the
[175]
ten percent of income for the country
[177]
but there is so much more to this for
[180]
starters that 220 dollars a month income
[184]
would allow most people to live a
[186]
comfortable life i think my yearly
[189]
salary when i started my career in bipro
[191]
per month i was getting paid 250 300
[194]
back then i was able to survive with
[196]
that
[197]
i got my own car i used to drive like 40
[200]
kilometers up and down every day looks
[203]
like a no salad
[207]
this is oil like cooking if you compare
[209]
the price of groceries here in india
[212]
they're about 70 cheaper for the same
[214]
product of the same brand
[217]
that bracket of 10
[219]
earners in india that's a
[221]
130 million people that's more than the
[224]
entire population of these countries
[229]
india is big vast it'll soon outgrow
[232]
china as the most populated country in
[234]
the world
[237]
and there is that reality that hollywood
[240]
loves to explode
[241]
[Music]
[249]
[Music]
[251]
that's only part of india what i
[253]
experienced was high income cities like
[255]
bengaluru or chennai where tech and
[258]
startup jobs are giving people
[260]
transformative income there's a whole
[262]
lot of action on the markets i've seen
[264]
the city grow literally grow grow out
[267]
right from a time when we had just one
[269]
place which is the city center to go
[271]
hang out now there are so many micro
[273]
marks india has not had the kind of
[274]
exits that us has but there have been
[276]
some exit very high profile exits which
[277]
are minted millionaires overnight in
[279]
2021 india saw thousands of new tech
[281]
startup companies found it and 46 new
[284]
unicorns a good chunk of those are based
[286]
out of bengaluru chennai and delhi and
[288]
you can see that concentration of
[290]
companies you can see coffee shops and
[292]
the co-working spaces
[295]
do you know where we're going china
[297]
uh the hotel
[301]
okay so you can only withdraw 10 000
[303]
rupees that's that's the max
[308]
oh come on can't get money
[310]
from neither of my accounts which means
[312]
we have uh no we have some dollars but
[314]
not rupees that we need to exchange
[315]
experience i feel i feel uneasy if i
[319]
don't even have like any local currency
[337]
so the reason i'm working late today is
[339]
because well our team in new york it's
[341]
daylight for them but for the most part
[343]
because today we released the biggest
[345]
product update to to our product just
[348]
yet so slide bean is not a travel
[350]
vlogging channel that makes cool videos
[352]
although i very much enjoy that part of
[353]
my job but what we actually do is we run
[355]
a platform for startups and
[357]
entrepreneurs to validate their business
[358]
ideas and get their documents ready to
[361]
pitch investors and raise capital as a
[364]
venture-backed company ourselves we went
[366]
through this pain of getting rejected by
[368]
investors and having to rethink our
[370]
story and to estimate our financials and
[372]
we made it our mission to consolidate
[375]
all of this everything that we've
[376]
learned into a single place to help
[378]
other entrepreneurs navigate this mess
[380]
and not make the same mistakes that we
[382]
made go check it out if you have
[384]
i found two large trends with indian
[387]
startups on one hand tech for india
[390]
those are like your payment gateways and
[392]
your delivery apps they're solving local
[394]
problems and adapting technology that
[396]
already exists in the west for a local
[398]
market that companies like uber just
[400]
couldn't figure out themselves so
[403]
i just woke up from my jet lag nap and i
[406]
am really hungry right now so i just
[408]
need to order some food
[414]
and on the other hand sas and enterprise
[415]
tech as a founder you are probably their
[417]
customer without even knowing that
[419]
they're based out of india they
[420]
understand how to sell to us customers
[422]
they understand how to compete in that
[425]
world stage
[426]
more importantly though the rise
[428]
of tech starters means that more and
[431]
more people understand
[432]
how tech can transform their lives the
[436]
city is home to hundreds of colleges and
[438]
universities it graduates thousands of
[440]
software engineers every year they are
[442]
joining the workforce with a good chance
[444]
of making an income their families and
[446]
the rest of india would never have
[449]
accessed as a kid for you as a kid did
[451]
you understand how tech could make your
[453]
life so different i'm almost 40 years
[455]
old i was growing up like tech wasn't
[459]
you know didn't exist as well today even
[461]
among the people that we've hired we've
[463]
had so many people who've joined us
[465]
while they were still in college but
[466]
then again that contrast is significant
[467]
like if i speak to some of my younger
[469]
cousins or nieces who are in like you
[472]
know tier 2 tier 3 cities they don't
[474]
know
[475]
i should probably explain what this tier
[477]
system means india uses a tier system to
[479]
classify their cities essentially they
[481]
have cities going from tier 1 to tier 6
[483]
and they're generally classified by
[485]
population that's the official
[487]
classification so a city a tier 1 city
[489]
will have 100 000 inhabitants or more
[491]
tier two city will have fifty to one
[493]
hundred thousand inhabitants and so on
[495]
tier four i guess would be like a very
[497]
small town and so you have people coming
[499]
from these places
[501]
they don't come from means right they
[503]
don't have a good family name they don't
[505]
have connections they didn't go to a
[506]
good school
[508]
i think that what you have to understand
[509]
about these tiers it's this contrast
[511]
that we have from the india that we've
[513]
been painted to which is probably cities
[515]
that are not tier one this is a reality
[518]
of india that we did not get to explore
[520]
and i don't pretend to understand it's
[522]
what surprises about india is just how
[524]
different tier one cities are from what
[527]
we expected it would be and just this
[529]
incredible access to opportunity and how
[531]
people are slowly beginning to
[532]
understand how a job in tech can
[535]
transform their lives what do you want
[536]
to be when you grow up
[540]
is officially you want to become a good
[542]
architect and serve the society i think
[545]
the gap between somebody going to a good
[547]
university here and what they might make
[549]
versus going to like a tier three or
[552]
before college and what you would make
[554]
is huge so cost of education at all
[556]
levels has increased dramatically the
[558]
criticism has been the private
[560]
universities charge very high fees and
[562]
there's no cap on that when i did my mba
[565]
13 years back in india in india
[568]
you know the cost of that degree to what
[570]
it is today is almost 6x there is so
[573]
much more pressure on you as a kid to
[575]
get to a good school and get a good
[576]
college and get to a you know become a
[578]
computer engineer and get to a tech job
[580]
we know that india has this very
[582]
ambitious plan to become a global
[584]
electronic hub in chennai the bubbles
[586]
that these high-income jobs create are
[589]
visible and they are tangible you pass
[591]
them by as you drive and you see the
[593]
contrast brutal side by side so this is
[596]
the it express product this is where a
[598]
lot of the companies here in chennai
[599]
have their offices and universities like
[601]
tech schools by all means they look like
[602]
a super developed fancy cool tech
[605]
building area if you turn around on the
[607]
other side there's this
[609]
building which looks completely
[611]
abandoned we thought it was abandoned as
[612]
we drove by but no like it it operates i
[616]
don't the train stop or something
[618]
[Music]
[628]
and you know we were there maybe 15
[630]
minutes and then this lady
[632]
this lady came in really really really
[634]
angry demanding us to go with her
[636]
which which got us a little scared yeah
[639]
it turns out that you you can't shoot
[641]
video inside of train station apparently
[646]
but bengaluru on the other hand it feels
[648]
like the entire city is that bubble
[651]
we've been doing research about
[652]
bangalore trying to understand what goes
[654]
on in the city i have not seen a single
[656]
reference about bangalore that presents
[659]
it as a city that would have a place
[661]
like this and this is if this is across
[663]
the street from our hotel which is not a
[665]
fancy hotel that means that there are
[667]
places like this all over the city
[671]
maybe the street noise is a clue but
[673]
either way this
[674]
is not
[675]
the picture of india that i had
[677]
inequality unequal equal society
[681]
inequality is once again a common theme
[684]
when discussing india and it's real
[686]
india is one of the most unequal
[689]
countries in the world but once here
[691]
it's what i thought i was going to
[693]
experience and that takes me back to
[695]
that 4 000 salary that is transformative
[699]
money but it transforms lives
[701]
differently indians love to see it the
[703]
one thing that a lot of indians aspire
[704]
to is to buy a home in general the
[707]
savings rates in india is pretty high
[708]
right like people always have a very
[711]
high like i want to save and i want to
[712]
buy a house meanwhile the country still
[714]
holds on to its roots in spite of all
[716]
this change for example eating out is a
[719]
relatively new phenomenon in india right
[721]
like people would not eat out so much if
[723]
you speak to a lot of people
[726]
you know from my parents generation they
[728]
look at eating out as like oh you
[732]
you didn't have the means to cook at
[733]
home right like it's not
[735]
that something they would look forward
[736]
to they would do it if they needed to
[738]
like if they were traveling and even if
[740]
they were traveling a lot of people
[741]
would actually carry their supplies and
[743]
cook them because in the end these
[745]
salaries mean opportunity like in india
[748]
it's very it's very easy to get domestic
[749]
health right you want a nanny for your
[751]
kid you want a driver to drive your car
[753]
you want somebody to come help to cook
[754]
for you everybody here probably has like
[758]
at least one or two people you know
[760]
doing cleaning and cooking for them that
[762]
person is probably making around 500.
[764]
all of this is happening in one of the
[765]
world's youngest countries a country on
[767]
its way to being the most populated in
[769]
the world imagine the potential that
[772]
india has thousands of young
[773]
professionals earn big salaries in the
[775]
careers that are shaping the present and
[777]
future with more on the way when we
[780]
covered silicon valley we talked about
[781]
that network effect we talked about
[783]
access to capital we talked about talent
[786]
and the concentration of startups in the
[787]
same place and all of that is here and
[791]
add to that the fact that indian
[792]
entrepreneurs understand selling to
[794]
developed countries the same way they
[796]
understand selling to developing
[797]
countries have you heard of this term uh
[799]
jugaad
[801]
just
[802]
you know creating something out of
[803]
nothing that's one of my favorite parts
[806]
of this ecosystem personally and i love
[808]
that word and i hope you remember it
[810]
cities like bengaluru are a bridge
[812]
they're a crossroads of two worlds that
[814]
can disrupt each other so there is no
[817]
doubt that a new silicon valley is not
[819]
far from the horizon but there's
[821]
something else here india is a country
[822]
with a fascinating history that has
[825]
learned to evolve with the times we
[827]
actually explore this in depth in our
[829]
next video of starter planet where we
[831]
look at the entire history of bengaluru
[833]
and how it became the tech hub that it
[835]
is today for today for today's point
[837]
this engineer's salary is transformative
[840]
a transformative salary that ensures a
[844]
future now i'm not talking about a
[845]
future from themselves
[847]
this is a future
[848]
for the entire
[850]
country
[853]
[Music]
[863]
you
Most Recent Videos:
You can go back to the homepage right here: Homepage