Alexa Challenge goes wrong | JOMO for 28th Dec
In today’s JOMO: Alexa talks to a 10 yr old…. and things go wrong, some much needed advice for SharkTank India and why investors are bullish on India’s startups for 2022
🗞In the news
Amazon has updated its Alexa voice assistant after it "challenged" a 10-year-old girl to touch a coin to the prongs of a half-inserted plug. "Plug in a phone charger about halfway into a wall outlet, then touch a penny to the exposed prongs," the smart speaker said.
🤑🚀Startups, funding etc
Tiger Global, QED and Sequoia Capital India co-led the two-year-old startup’s Series C round, Gupta told TechCrunch in an interview. The new round values the startup at $711 million, up from about $300 million in its August Series B funding.
Still, there will likely be appetite for future IPOs, according to Nikhil Kamath, co-founder of Indian brokerage platform Zerodha. The bigger question, however, would be how those companies would fare in the longer term
“With buybacks happening, employees see the opportunity of wealth creation being real,” said Harshil Mathur, cofounder and CEO of Razorpay. “Contrary to the popular misconception that if a company allows Esop buybacks soon, employees will sell and leave, they actually stay longer and do not sell their options in a rush.”
‘A short thread to help makers of shark tank potentially learn from and do a runtime fix of the format.’- Ashish Sinha, Founder NextBigWhat
TL;DR for #SharkTankIndia team:
- Respect the founders.
- You (=VC) need founders as much as they need you
- Don't be an asshole (applies to both founders and VCs)
- Don't get investors who have no long-term skin in the game. They don't care abt their reputation (as investors)
📊Poll for the day
What do you think of SharkTank India?
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