Top News of the Day:
1. Landmark AI deal sees Hollywood giant Lionsgate provide library for AI training
2. Flipkart allegedly cancels smartphone orders after offering 99% discount; criticised
3. Blue collar recruitment platform Vahan.ai has raised
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PRATHAM
•
Medial • 2m
99% discount, FlipKart got a Trillion dollars in funding
Airbnb, now worth ~$100 billion, was rejected by 7 investors in 2007.
Not because it was a bad idea, but because VCs reject 99% of startups.
Lesson: If ALL your plans depend on VC funding rather than customer funding, you are already fighting 99% f
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7 replies7 likes
Chaman Kanth
Stealth • 4m
How US stock market is able to maintain valuation of 54 trillion dollars without GDP growth? Any Ideas
2 replies5 likes
BUZZBYTE
Stealth • 16d
Assets managed by BlackRock shot up to $11.48 trillion in the third quarter, up from $9.10 trillion a year earlier and $10.65 trillion in the second quarter
Flipkart purchased Myntra in 2014.
Flipkart purchased Jabong via Myntra in 2016.
Walmart purchase Flipkart in 2018.
Flipkart killed Jabong in 2020.
Is it fair to purchase a company just to kill it?
_S