Facebook India's First Employee: "How I Built A $1B Business"

#Entrepreneur Interviews #Business #Entrepreneur #Siddhartha Ahluwalia

1:14:43

Artificial intelligence is evolving at an unprecedented pace—what does that mean for the future of technology, venture capital, business, and even our understanding of ourselves? Award-winning journalist and writer Anil Ananthaswamy joins us for our latest episode to discuss his latest book Why Machines Learn: The Elegant Math Behind Modern AI . Anil helps us explore the journey and many breakthroughs that have propelled machine learning from simple perceptrons to the sophisticated algorithms shaping today’s AI revolution, powering GPT and other models. The discussion aims to demystify some of the underlying math that powers modern machine learning to help everyone grasp this technology impacting our lives, even if your last math class was in high school. Anil walks us through the power of scaling laws, the shift from training to inference optimization, and the debate among AI’s pioneers about the road to AGI—should we be concerned, or are we still missing key pieces of the puzzle? The conversation also delves into AI’s philosophical implications—could understanding how machines learn help us better understand ourselves? And what challenges remain before AI systems can truly operate with agency? If you enjoy this episode, please subscribe and leave us a review on your favorite podcast platform. Sign up for our newsletter at techsurgepodcast.com for exclusive insights and updates on upcoming TechSurge Live Summits. Links: Read Why Machines Learn, Anil’s latest book on the math behind AI https://www.amazon.com/Why-Machines-Learn-Elegant-Behind/dp/0593185749 Learn more about Anil Ananthaswamy’s work and writing https://anilananthaswamy.com/ Watch Anil Ananthaswamy’s TED Talk on AI and intelligence https://www.ted.com/speakers/anil_ananthaswamy Discover the MIT Knight Science Journalism Fellowship that shaped Anil’s AI research https://ksj.mit.edu/ Understand the Perceptron, the foundation of neural networks https://en.wikipedia.org/wiki/Perceptron Read about the Perceptron Convergence Theorem and its significance https://www.nature.com/articles/323533a0…

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Facebook India's First Employee: "How I Built A $1B Business" | Kirthiga Reddy

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In 2010, Facebook opened its first office in India, four years after it went online.
They needed someone bold to lead their journey in India which had a major customer base potential.
That someone was Kirthiga Reddy.
Under Kirthiga’s leadership, Facebook not only grew its user base but also planted deep roots in a complex and rapidly evolving digital ecosystem.
Today, India has the most Facebook users with over 448 million, followed by the US (258 million).
After six years of phenomenal growth at Facebook, Kirthiga decided it was time for a new challenge.
In 2018, she became the first female partner at SoftBank Vision Fund, managing over $5 billion in investments.
Today, Kirthiga leads her own venture, Verix, focusing on trust, transparency, and community-driven solutions.
In this episode of the NEON Show, Kirthiga Reddy shares her inspiring journey. From a small-town upbringing in India to building Facebook in India, Kirthiga takes us through the challenges of scaling operations, transforming workplace culture, and driving growth. She also opens up about her transition to SoftBank. From leading the fund’s first investments in quantum computing and additive manufacturing, Kirthiga shares how she worked closely with founders to shape strategies and scale businesses.
Timestamps
00:00 - Trailer
01:51 - Intro
02:09 - Kirthiga’s career from Facebook India to SoftBank
03:17 - Childhood in Nanded shaping values
04:46 - Early career programming for Let Us C
06:20 - Masters in the US and arranged marriage
08:33 - Syracuse University and joining its Board
09:30 - Silicon Graphics high-tech projects
12:20 - Stanford MBA and transition to business
17:58 - Startup role in product management
21:20 - Motorola acquisition and return to India
23:08 - Meeting Sheryl Sandberg
27:32 - Joining Facebook as its first Indian employee
28:50 - Facebook’s 100-100-100 strategy
30:40 - Building a Facebook culture
35:30 - Personally hiring Facebook India’s first 100 employees
36:45 - Success stories of early hires
37:50 - Leaving Facebook to balance family and career
45:20 - Joining SoftBank & managing $5B in investments
47:19 - Key investments in IonQ and 8fold.ai
52:38 - Transition from SoftBank to new ventures
56:14 - Founding Verix and Virtualness
57:00 - AI-first companies and tech vision
01:00:28 - India’s thriving tech ecosystem
01:03:51 - Vision for Verix, Virtualness, and social impact
Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.
Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.
We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
-----
Check us out on:
Website: https://neon.fund/
Instagram: https://www.instagram.com/theneonshoww/
LinkedIn: https://www.linkedin.com/company/beneon/
Twitter: https://x.com/TheNeonShoww
Connect with Siddhartha on:
LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/
Twitter: https://x.com/siddharthaa7
-----
This show is for informational purposes only.

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The Neon Show

Facebook India's First Employee: "How I Built A $1B Business" | Kirthiga Reddy

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300 episoade

#Entrepreneur Interviews #Business #Entrepreneur #Siddhartha Ahluwalia

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acum 8 weeks1:06:08

1:06:08

In 2010, Facebook opened its first office in India, four years after it went online. They needed someone bold to lead their journey in India which had a major customer base potential. That someone was Kirthiga Reddy. Under Kirthiga’s leadership, Facebook not only grew its user base but also planted deep roots in a complex and rapidly evolving digital ecosystem. Today, India has the most Facebook users with over 448 million, followed by the US (258 million). After six years of phenomenal growth at Facebook, Kirthiga decided it was time for a new challenge. In 2018, she became the first female partner at SoftBank Vision Fund, managing over $5 billion in investments. Today, Kirthiga leads her own venture, Verix, focusing on trust, transparency, and community-driven solutions. In this episode of the NEON Show, Kirthiga Reddy shares her inspiring journey. From a small-town upbringing in India to building Facebook in India, Kirthiga takes us through the challenges of scaling operations, transforming workplace culture, and driving growth. She also opens up about her transition to SoftBank. From leading the fund’s first investments in quantum computing and additive manufacturing, Kirthiga shares how she worked closely with founders to shape strategies and scale businesses. Timestamps 00:00 - Trailer 01:51 - Intro 02:09 - Kirthiga’s career from Facebook India to SoftBank 03:17 - Childhood in Nanded shaping values 04:46 - Early career programming for Let Us C 06:20 - Masters in the US and arranged marriage 08:33 - Syracuse University and joining its Board 09:30 - Silicon Graphics high-tech projects 12:20 - Stanford MBA and transition to business 17:58 - Startup role in product management 21:20 - Motorola acquisition and return to India 23:08 - Meeting Sheryl Sandberg 27:32 - Joining Facebook as its first Indian employee 28:50 - Facebook’s 100-100-100 strategy 30:40 - Building a Facebook culture 35:30 - Personally hiring Facebook India’s first 100 employees 36:45 - Success stories of early hires 37:50 - Leaving Facebook to balance family and career 45:20 - Joining SoftBank & managing $5B in investments 47:19 - Key investments in IonQ and 8fold.ai 52:38 - Transition from SoftBank to new ventures 56:14 - Founding Verix and Virtualness 57:00 - AI-first companies and tech vision 01:00:28 - India’s thriving tech ecosystem 01:03:51 - Vision for Verix, Virtualness, and social impact Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes. We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings. ----- Check us out on: Website: https://neon.fund/ Instagram: https://www.instagram.com/theneonshoww/ LinkedIn: https://www.linkedin.com/company/beneon/ Twitter: https://x.com/TheNeonShoww Connect with Siddhartha on: LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/ Twitter: https://x.com/siddharthaa7 ----- This show is for informational purposes only. Send us a text…

The Neon Show

1
How Erik Allebest Built $150 Million+ Chess Empire 1:12:38

acum 9 weeks1:12:38

1:12:38

How a 1,500-Year-Old Game Became an Online Sensation It started as a simple idea in 2005—a hub for chess enthusiasts to connect, chat, and share their love for the game. Erik Allebest and Jay Severson, two college buddies with a shared passion for strategy, had just purchased the domain Chess.com for $55,000. Initially, it was a forum, but then the demand for online play began to soar. In 2007, they launched the first subscription-based version of Chess.com. Within a few years, the platform began to gain members and marked its place as the go-to site for chess lovers. In 2023, it hosted the first-ever Champions Chess Tour, offering a record-breaking $2 million prize pool. Last year alone, 12.5 billion games were played on Chess.com—an astonishing 35 million games per day. In this episode of the NEON Show, Erik Allebest, co-founder of Chess.com, discusses his journey from a chess enthusiast to creating the world's largest online chess platform. He talks about his entrepreneurial start, the hurdles in building a sustainable business, and key moments in Chess.com’s success, including lawsuits, early VC rejections, a $600 million valuation, and scaling during the pandemic. Timestamp 00:00 - Introduction 02:06 - Family influence on Erik’s entrepreneurial mindset 05:00 - Falling in love with chess at 18 through books 07:25 - Selling an e-commerce business to fund chess.com 09:00 - Founding challenges and initial growth struggles 13:50 - Why conventional careers didn’t suit Erik 18:30 - Settling lawsuits, including the vodka-based case 21:50 - Persevering despite doubts about the chess market 22:55 - General Atlantic’s investment in chess.com 26:10 - Key insights learned from investor partnerships 29:56 - Shifting from entrepreneur to CEO 33:24 - Erik’s passion for creating products 37:18 - How media boosted chess’s popularity globally 44:23 - The downsides of rapid monetization 46:53 - Managing chess.com’s pandemic-driven growth 50:06 - Erik’s focus on sustainability and future growth 56:00 - India’s cultural impact on global chess 59:24 - Erik’s views on digital security risks 01:03:40 - Why employees stay for passion, not just pay 01:07:26 - Erik’s belief in chess’s continued global growth 01:09:00 - Embracing errors as learning opportunities ----- Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes. We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings. ----- Check us out on: Website: https://neon.fund/ Instagram: https://www.instagram.com/theneonshoww/ LinkedIn: https://www.linkedin.com/company/beneon/ Twitter: https://x.com/TheNeonShoww Connect with Siddhartha on: LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/ Twitter: https://x.com/siddharthaa7 ----- This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice. Send us a text…

The Neon Show

1
How Trade Wars Reshape Countries and The Future of India-US Relations with Matein Khalid 57:37

acum 10 weeks57:37

57:37

These farmers lost around $1.72B in a single morning. It was all because of tit-for-tat import taxes. But what really happened and who were these farmers? It all started when Donald Trump walked into the White House in January 2017, promising to take on what he called “unfair trade” with China. March 2018, Trump slapped $50 billion in tariffs on Chinese goods, aiming straight at the heart of China’s industrial ambitions—its "Made in China 2025" strategy. This marked the start of the trade war. April, 2018, Beijing hit where it hurt—Trump’s voter base. It announced a 25% tariff on American soybeans, cars, and chemicals. And it wasn’t just any random pick. China was the biggest buyer of U.S. soybeans, importing 60% of all U.S. exports. The markets reacted immediately and soybean prices went into free fall, erasing $1.72 billion in market value by morning. Farmers who relied on China as their primary buyer suddenly found themselves staring at massive losses. In this episode of The NEON Show, Matein Khalid, a seasoned financial advisor, shares his fascinating four-decade journey. Starting as a teenage trader in Dubai, he later advised corporate boards and family offices in the UAE, Saudi Arabia, and the US. Matein talks about global trade, geopolitics, and economic strategies, providing insights on the US-China trade war, Trump's economic policies, and shifting global power dynamics. Check out Matein's writings here: https://www.linkedin.com/in/mateinkhalid/ Timestamps 00:00 – Trailer 01:17 – Introduction 02:38 – Matein’s early trading and wealth management 04:37 – Trump’s unpredictability in geopolitics 06:04 – Rise of China hawks in US policy 07:40 – India’s edge in US-China tensions 09:50 – Starlink vs. Indian telecoms 10:30 – US Steel and political influence 12:51 – China’s slowdown and unemployment 19:02 – US K-shaped recovery and inequality 21:46 – US debt crisis and risks 26:41 – Adani controversy’s geopolitical angle 31:17 – Possible end to Russia-Ukraine war 33:55 – Israel weakens Iran’s air defense 37:35 – Trump’s isolationist policies 41:02 – Trade and capital flows in forex 42:39 – South Korea’s political turmoil 48:04 – Syria’s proxy wars reignite 52:04 – Modi’s UAE visit boosts financial flows 54:34 – India’s entrepreneurial spirit ------------ Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes. We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings. ------------- Check us out on: Website: https://neon.fund/ Instagram: https://www.instagram.com/theneonshoww/ LinkedIn: https://www.linkedin.com/company/beneon/ Twitter: https://x.com/TheNeonShoww Connect with Siddhartha on: LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/ Twitter: https://x.com/siddharthaa7 ------ This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professio Send us a text…

The Neon Show

1
Lessons From 25 Years of Investing with Boris Wertz, Founder and GP, Version One Ventures 53:28

acum 11 weeks53:28

53:28

In this episode of the NEON Show, Boris Wertz, a renowned venture capitalist and entrepreneur, shares his extensive journey through the tech and investment world over the past 25 years. From founding a company that was acquired by Amazon to becoming an investor and backing emerging fund managers globally, Boris offers a rich and unique perspective on the evolution of venture capital. Timestamp 00:00 - Trailer 01:40 - Introduction and background 03:17 - Journey as a venture capitalist 04:49 - Boris’s first investments in emerging managers 07:32 - Why is Boris so focused on the Indian market? 09:48 - Fund sizes and strategy 13:03 - VC returns and liquidity 16:06 - Boris’s key learnings from successes and failures 21:20 - Themes like AI, crypto, and climate tech 25:00 - India as the next frontier 28:50 - Challenges Indian entrepreneurs face 35:46 - Boris’s concept of minimum viable fund 39:10 - Cycles in venture capital 43:46 - A16z board partner program 48:45 - Evolution of venture capital mindsets ------------- Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes. We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings. ------------- Check us out on: Website: https://neon.fund/ Instagram: https://www.instagram.com/theneonshoww/ LinkedIn: https://www.linkedin.com/company/beneon/ Twitter: https://x.com/TheNeonShoww Connect with Siddhartha on: LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/ Twitter: https://x.com/siddharthaa7 ------ This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice. Send us a text…

The Neon Show

1
India's Silent Economic Revolution with Ashok Lahiri, Former Chief Economic Advisor 1:04:14

acum 12 weeks1:04:14

1:04:14

In this episode of the NEON Show, Ashok K. Lahiri, a leading economist and former Chief Economic Advisor, talks about India’s economic journey and the changes in its tax system. Lahiri shares why India has fallen behind some countries, pointing to missed opportunities in education, healthcare, and infrastructure. He also highlights the importance of India’s democracy and federal system in shaping its progress. Check out Ashok K. Lahiri’s book, India in search of glory, https://www.amazon.in/India-Search-Glory-Political-Calculus/dp/067009207X/ Time Stamp 00:00 - Trailer 01:27 - Introduction of Ashok K. Lahiri 03:07 - Ashok’s upbringing and early education in economics 05:27 - Why Ashok went abroad and how UPSC got him back 08:33 - Are you satisfied with GDP growth 12:42 - Education and health lead to long-term economic growth 15:27 - The right to information is important but debatable 18:27 - The govt went overboard in the 70s 20:37 - What happened to West Bengal 24:32 - Improvement will come with liberal society 25:57 - Troubles of taxations 29:42 - Taxing in the Indira Gandhi era 33:27 - People once informed take the right decision 37:32 - Chicken and egg in politics 39:27 - Why India is on the right track 43:27 - Challenges faced by Bangladesh and lessons for India 47:32 - India: union of states 52:07 - Struggle of India to get where it is right now 58:32 - Why we can't blame our ancestors 01:01:52 - Importance of transportation and Connectivity ------ Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes. We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings. ------ Check us out on: Website: https://neon.fund/ Instagram: https://www.instagram.com/theneonshoww/ LinkedIn: https://www.linkedin.com/company/beneon/ Twitter: https://x.com/TheNeonShoww Connect with Siddhartha on: LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/ Twitter: https://x.com/siddharthaa7 ------ This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice. Send us a text…

The Neon Show

1
Alok Sama, Former SOFTBANK CFO on Working With the Visionary Masayoshi Son 50:23

acum 13 weeks50:23

50:23

The world’s largest tech-focused venture capital fund. And the man behind it is Masayoshi Son, often referred to as Masa. At 16, Masa moved to California, drawn by the entrepreneurial spirit of Silicon Valley. Before he turned 21 years old, Son sold his first company— a multilingual translator bought by Sharp for about $1 million. Masa returned to Japan and founded SoftBank as a software distribution company. In 1995, Masa made one of his first bold investments— a $100 million for a 30% stake in Yahoo. In 1999, Masa made an even bigger move, investing $20 million in Alibaba, a year-old e-commerce startup. Over 23 years, that investment turned into a $72 billion gain, making it one of the most successful tech investments ever. In 2014, he brought in Alok Sama who had a key role in some of SoftBank’s biggest successes, like the $32 billion acquisition of ARM and the $59 billion Sprint-T-Mobile merger. In this episode of the NEON Show, Alok Sama, takes us behind the scenes of his journey at SoftBank, where he played a crucial role in shaping the group's global investments and strategy. He shares insights into working alongside Masa, managing the Vision Fund, and the challenges of betting on transformative entrepreneurs. Check out Alok Sama’s book, The Money Trap: Lost Illusions Inside the Tech Bubble - https://www.amazon.in/Money-Trap-Alok-Sama/dp/9361134337 Timestamps 0:00 - Trailer 1:13 - Alok’s career, and Money Trap 2:20 - Transition to SoftBank and the motivation behind Money Trap 3:29 - what Alok thinks about Nikesh Arora and Masayoshi Son 5:07 - Masayoshi Son’s visionary mindset and why Alok admired him 6: 40 - Why Alok values intellectual curiosity in people and himself 7:50 - Alok’s entrepreneurial journey post-Morgan Stanley 09:30 - The meaning behind Money Trap and reflections on money 12:30 - Masa Son’s struggle growing up and the freemium coffee model 17:00 - Alok’s last year at SoftBank and decision to leave 18:08 - Alok’s relationship with Nikesh Arora 20:10 - Delhi roots, and family time 21:20 - Alok's view on vulnerabilities 27:20 - Masa Son’s character and commitment to backing entrepreneurs fully 31:10 - Valuation lessons in technology investments 34:20 - Son’s early bets on AI and his timing challenges 37:30 - Joined SoftBank to impress Alok’s teenage son and connect with family 40: 10 - experience of writing a book 43:10 - Masa’s thesis on India ----- Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes. We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings. ----- Check us out on: Website: https://neon.fund/ Instagram: https://www.instagram.com/theneonshoww/ LinkedIn: https://www.linkedin.com/company/beneon/ Twitter: https://x.com/TheNeonShoww Connect with Siddhartha on: LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/ Twitter: https://x.com/siddharthaa7 ------------- This show is for informational purposes only. The v Send us a text…

The Neon Show

1
India's Road to $10 Trillion Economy with Subhash Garg Former Secretary of Economic Affairs 1:13:46

acum 15 weeks1:13:46

1:13:46

Why does 50% of India’s workforce remain in agriculture while the U.S. has just 2%? Despite all those hands in the soil, the sector contributes just 15-18% to the GDP. While countries like the U.S. and Europe shifted quickly from agriculture to industry, India's progress was pretty slow. So, is it too late for India to catch up and move on from agriculture? Although India did build textile mills and steel plants, its industrialization lagged behind faster-growing Asian economies like Japan, South Korea, and China, which aggressively pursued manufacturing. So, what happened? Well, India’s focus remained on agriculture, missing the chance to build a strong industrial base that could absorb its large agricultural workforce. But there’s a new hurdle—manufacturing isn’t the job creator it once was. Experts like Subhash Garg argue India may have missed the industrialization train. With automation reducing labour needs, ramping up manufacturing might not create enough jobs for India’s vast workforce. In this episode of The Neon Show, Subhash Garg, former Secretary of Economic Affairs, shares his unique perspective on India's economic ambitions and the journey toward the $10 Trillion Dream. Check out Subhash Garg's book, The Ten Trillion Dream Dented, https://www.amazon.in/Ten-Trillion-Dream-Dented-2019-2024/dp/0143467433 Timestamps 00:00 - Trailer 01:25 - Subhash Garg’s background in economic affairs 03:27 - Why has India's "10 Trillion Dollar Dream" dented 10:04 - India’s current GDP 12:50 - Need to shift labour from agriculture to high-value sectors 16:48 - Why India missed industrialisation 20:26 - The global manufacturing train left—and India missed it 21:55 - Why should you invest in services for real growth 26:55 - Sports, gaming, and entertainment are hidden gems for rural jobs 29:54 - Why is agriculture unreformed 31:34 - The impact of subsidies: is it a dead-end for farmers? 36:47 - Garg explains GDP with the “potato chip” example 42:42 - Why is farmers’ share of the final product small 47:10 - India’s manufacturing needs a tech boost 48:22 - Why India’s PLI schemes aren’t hitting their targets 52:58 - How India’s service sector thrived due to minimal regulation 1:01:57 - Garg’s positive take on brain drain 1:10:10 - Millionaires on the move 1:11:50 - Support for short sellers as market correctors 1:13:12 - Announcement of Garg's book, expected in October ------------- Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes. We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings. ------------- Check us out on: Website: https://neon.fund/ Instagram: https://www.instagram.com/theneonshoww/ LinkedIn: https://www.linkedin.com/company/beneon/ Twitter: https://x.com/TheNeonShoww Connect with Siddhartha on: LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/ Twitter: https://x.com/siddharthaa7 ------------- This video is for informational purposes on Send us a text…

The Neon Show

1
How Policybazaar Became No. 1: Yashish Dahiya on Execution, Aspiration and Risk Taking 1:00:51

acum 16 weeks1:00:51