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Wrong advices like these with so much confidence is a big blow and is all over social media. Please don't say the things which you don't know abou, it really harms fellow entreprenuers. And no VC will judge you if you conpare yourself to someone. YC the biggest accelerator has always supported this.

Stop exaggerating please. I do not see any wrong in doing that especially if it helps build a genuine case. Lack of uniqness in business idea is myth. There is never a truly genuine idea EVER! All it matters is your execution.

Well Said, but in actuality due to lack of clarity and vision in 99% of the VCs, entrepreneurs do have to take the route of this for that kinda method to explain their product. Also because not everyone in India is really familiar/or can comprehend a whole business model. And so it kind of works to put it together for layman

No nothing like that, rather YC recommends doing so.

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Sequioa capital prefers if you convey your business model through less words and they have mentioned to pitch if possible like " we are the Amazon.com for oxygen tanks" . It's a quick pitch which even a child may understand.

how easy it is to say zomato for medicine instead of throwing dozens of slides.

Soo soo true Shreya

That feels so true

I wouldn't label it as a big mistake. If it helps explain your product in 10 seconds rather than a minute, it is fine. For example Antler India themselves say they want to be like YC but from India. Having raised decent amount of rounds it is sometimes easier to provide such reference and then top it up with how you are doing it for that particular sector. For example if I say I am building and SAP from India but with AI and ML capabilities, I have already conveyed what I am building in under 10 seconds.

Avoid comparing your startup to established companies in different sectors as it can overshadow your unique value proposition.

got your 100th follower

does more harm*