Kunal Shah in conversation with Carl Pei | CRED curious
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- Опубликовано: 19 июн 2024
- On 3rd August, 2022, Carl Pei (founder, @NothingTechnology) sat down with Kunal Shah for a fireside chat. What followed was an hour's worth of shared curiosities between them.
Kunal and Carl started companies which brought new products in fast-growing categories, financial services & mobile phones respectively. Both left these companies, to return with all-new takes. Kunal, with CRED in 2018, and Carl, with Nothing in 2021.
In conversation, they cover all about what entrepreneurship looks like in the roaring 20s, building high-performing teams in startups, what makes powerful brands, and choosing the right problem to solve.
Bonus: Carl Pei discovers the word "cringe" and Kunal Shah reveals his meme dealers.
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Timestamps:
00:00 Start
0:58 Session opening
1:17 The beginning of Nothing
3:54 Setting up a hardware tech company
5:18 How to build a brand around your business
11:47 The values which define Nothing
17:32 Taking business decisions
22:02 Insight behind the design
24:25 Vanity versus utilitarian functionality
25:16 Dealing with crisis while building a company
28:38 Unique traits of the Indian market
30:36 Creating the right market environment for a premium phone
32:58 Carl's role at Nothing
34:18 Identifying mediocre talent
39:11 Kunal's role at CRED
42:58 Question and answer session
49:05 How Nothing got its name
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Наука
It is always great to hear Kunal speak -- insightful :)
Yep 😄
Good to see you here Akshat. 😄
Without WhatsApp number..... This must be real Akshat :P
@@abhishekkaushal327 ayenge abhi thodi hi der baad bots whattsapp number lekar
Thank u 😂
Worth watching this podcast 💣
YoU provide great content sir
Thank you for suggestion❤
If kunal sir present then every single podcast or video worth watching 👍
fireside chat* XD
This was super insightful, hearing about how the Indian customers are perceived by foreign market. And Kunal makes a great host!
Just a little too serious 😂
@@playback0799 serious is good
Sis I'm huge fan of ur work. Got lot of knowledge from u
@Shaurya Singh I think he mispelled "Sid"
Some IMP Moments
1:04 Funny Start by Carl
3:40 If we didn't try, who else would
8:03 Carl thoughts on Nike
9:56 Building a Brand
12:18 Strongest competitive adv. for a company over a long run is its Culture
12:37 4 Values of Nothing - Be the change, Pride and Product, Diversity and Survive.
16:20 Kunal on Pride and Product
17:15 Gut Feeling
31:23 Practically No Competition in Smartphone Industry (Apple vs Others)
36:04 Kunal insights on Mediocre talent
37:00 Not just about owning details but about predicting accurate details
37:06 Being very right often is a sign of great talent
41:30 You can't build substance in life unless you are consistently putting your wealth, reputation and health at stake
41:51 Young people in India are worried about their reputation, though they have none - Not taking risks, Not pushing limits because of it
Questions from Kunal
1:55 Why did you start this company, What is unfinished business you are trying to accomplish
4:00 You could do easier business, Why hardware?
5:19 How to build a brand?
10:25 Why is it hard for people to understand the importance of brand
11:54 What were the values you agreed upon while starting Nothing and at what stage they accomplished
17:33 Starting with lower price point and then move to next levels. What about that
22:01 Insights behind the design
24:27 Vanity for the sake of vanity should exist in the product
25:20 Two of the biggest crisis you have deal with
27:25 What you are most scared of?
28:46 Difference between Indian Consumer and Consumers Outside of India
30:53 How did Nothing created market environment for their premium category
30:05 What's your role in company?
34:22 Traits of mediocre talent
43:00 Teams Questions
Bhai, Thu ithana Kaam kyu kia bhai?🙏
I used to think... I had a lot of time to spare... Until I saw this guy
Bhai bura mt manana, but tum logo ke wajah se mai aise video bhi pura nhi pata pata hu. 🥲
MOM 😂
2:46
The Indian market is very different from other countries. We try to maximise the value we get per rupee before making any purchase. Great point Carl, this was an insightful video!
and is it different in US ?
Yeah
"We try to maximise the value we get per rupee before making any purchase." No, it is because majority of india is extremely poor. So most will only be able to buy the cheapest product available.
Rich indians always buy iPhone but 70% of india live way below poverty line. So for around 25%, they can only afford the cheapest product available which is usually a chinese phone. This is just facts not value for money.
@@magicmagus1459 "Reality is always disappointing" and you proved it man kudos to you, very well said
@@magicmagus1459 nope,it's the Indian mindset and hypocrisy .I've seen many bargain from street vendors while paying extra in shops like Zara.We live in a very hypocritical society.My father who has his own real estate business uses a 20k Vivo phone while his driver uses an iphone 13 .I buy Nike t shirts for the driver while i have never bought a Nike or Adidas or any branded t shirt or anything coz it's a waste of money for me.Its the mindset that gets created in poor societies about brand defining status and poor and middle class people mostly falls for it while actual rich people properly manages their expenditure and hardly cares about brands.
A lot of learnings here💯
Especially this👇
Trait of mediocre people:
They seek for external validation to measure how well they are working instead of being sure in themselves that they've delivered work to the best of their capacity.
I can't explain how crisp and value adding this was. Really awesome!!!
My two favorite people in one frame. You don't know how much crazy and happy this podcast makes me.
I only love Carl Pei..
Every second of mine was utilized watching this video. There are so many lessons I took from the conversations. I really loved it.
Amazing podcast!!! The clear vision and understanding these two guys have for their product and market is exceptional.
This series is a great idea. Thanks for bringing Carl in this and doing this Kunal and team.
This is one of the extraordinary podcast I have ever listned.
It's really worth it.
One of the best interview I had watched so far I was eagerly waiting to watch these interview & it's totally worth it. Kudos to both kunal shah & carl pei.
Really insightful conversation, incredible lessons to learn.
Two gems and their conversations, what else are required - Nothing!
Amazing ❤️
What a terrific start to the podcast; I'll be listening until the end.
Carl is very a sober and polite personality. Following him on oneplus forum since OP1, met him twice and he is a great listner and charmer.
Am 63 and very much impressed by Kunal and Carl! Kudos to you guys!
Wow. Really insightful. I am glad they posted this conversation. I was waiting for them to release it.✌🏻
Best conversation happened when you ask right question. Kunal did it every time he spoke. Weather he is on the answering side or host side, he always did a great job. Refreshing experience to heard Carl and his story. Love it.
Kunal nd team please put captions. Very excited to watch.👌🏻
Thanks for doing this. Making notes already!
'Trying to think though there is NOTHING on the mind, brings SOMETHING to the mind'
Carl Pei got SOMETHING called NOTHING💪
Worth watching the entire podcast❤
Quality one!
Great questions from the interviewer and Carl is so grounded, modest and honest.
This is turning out to be a great world class series!
Thanks for adding English subtitles 🙂
THIS is how real techies talk. No BS. Only tech, h/w and business.
Love you Kunal! Key takeaway is everything in the entire conversation, Hats off to all questions..
I'm the CEO of Nothing
and I'm the SEO
I am ceo of apple
you didn't get the joke
I would love to become apple a trillion dollar trillion plus😂😂😂
Great Interview...
When you pan into the audience, attention would get lost into observing people than listening to these minds at work. Indeed great insights...
Wow loved this one !! Insightful and enriching. Need more pls
Loved the conversation....from Kunal its always a deep learnings....
One quote I could probably take away form here is
You cant build substance in life unless you are consistently putting your wealth,reputation,and health at stake.
~Kunal Shah
Thanks for this Kunal and Cred team. Was going to buy but will wait now till they get access to better factories 😁
But look after your casino app (CRED). Where payments used to settle instantly now is facing a lot of failures along with long settlement time for hours and hours.
its amazing how their whole purpose is keeping the end user as the center..
That guy was so cool while he was taking...he was really connected to me compare to other ceo's talks..i love you buddy...🖤
Listened to this in bus while going to school, indeed Carl has won respect from us and damn this is so insightful.
Nothing seems to have cracked the code for marketing in the post-pandemic era. To put the main guy in the spotlight, first with Beerbiceps and then with Kunal Shah, is a risk that paid Apple very well (Steve Jobs' iconic presentation for iPhone launch). Something which chinese companies could not do, and currently Apple is not interested in. Will be fun to watch Nothing sales graph in the coming year.
Wish the phone was in America.
Very nice podcast, so much of learning from this. Especially 41:45 hits really hard.
Keeping great knowledge from this podcast.
Thanks Kunal.. :)
Depth of conversation ⚡️👀 makes me feel I'm not thinking deep enough about different perspectives and processesing the depth ⚡️⏳️🤟🏼
Wow! This Was Super Amazing. I Really Love Those Insights. Thanks Kunal & Carl.
Awesome. He's "Something" out of this world. So Cool and yet so energetic.
absolutely loveeeeed the conversation!
Thank You Kunal & Carl For Doing This. Enjoyed The Conversation.🙏🙏🙏
Another great conversation .Lesson- Be fundamentally strong.
Amazing convo. Was curious about what questions would Kunal ask...
Great video to self evaluate whether one is mediocre or great talent!
Kunal shah is like the movie - “everything everywhere all at once”, you don’t always need to do how it is supposed to do. CEO interviewing CEOs in front of the organisation. Kunal is not building a product/ company , he is building a cult.
A cult that's bleeding money in front of its own investors
What I mean is just like zoho mafia we will soon have cred mafia - incredible companies out from ex-employees of cred. All because of the kind of leader Kunal is.
His leadership skills are definitely good. Personally, I feel he's too philosophical sometimes. But overall, yes, we may soon see talented people from Cred too.
Mostly generic talk with keywords and woke philosophy. Very little value creation.
Kunal Shah may very well be smart, but he is a little too self-opinionated for my taste. I wonder if he thinks people who are quiet are not curious, simply because they're quiet?
Thankyou so much for this effort Kunal :) Carl Pei, a big inspiration !
Damm my mentor is back I wish I could come work for you Kunal you are just a very insightful man, started my bussiness with your ideas.
After watching this video, no one will have to learn more on how to build a brand, how to create a company.
Grateful for the valuable words.
one is business men, another one is innovator, thats pretty sums up everything that why we dont have such indian brands who deals with smartphones, business men cannot run companies like apple, nothing etc, innovators and engineers does.
Now this is the type of content we need
Very insightful! Loved this one! ❤️
Carl simply nailed the interview, liked the way he answered
a moment of genuine appreciation for kunal, positvely impacting how we engange in critical thinking
At 17:12 when Carl says 'Gut feeling is not random' - the editor of this video has done a great job to capture the head movement of the lady. The moment just makes the belief in the statement stronger.
Thats captured by audience cameraman, chosen by editor, so the real time hard work is done by cameraman
Insightful conversation. Loved it!
Kunal should start a podcast. So much information to give.
It's the most beautiful and intrinsic podcast to go in.
Learned a lot thank you for this session
"When Your Purpose is clear then your Decision becomes Easy"
Insightful one word for this talk. Loved the nothing talk
Loved this podcast. Thanks Kunal and Carl. The values of Nothing and the brand building insights are amazing 👏
I went to watch this podcast live. It was super and excited.
Where was this held?? Mumbai
Was anything else taught or discussed in live form? YT post is just 52 mins
Carl & kunal Sir Thank you So Much for podcast ❤😊
I also like that he explained it very well about hype i mean so many people say that nothing overhype their products
such an insightful conversation about tech!...really learnt a lot from this podcast...#credcurious
What an insightful conversation 🙌
Seeing my HERO'S together makes me happy
Been waiting for Cred Curious" comeback with Mr.Kunal Shah
the podcast I didn't knew I needed
Loved the episode 👍
Satisfied with lot's of answer!!
Always Insightful podcast with kunal shah.
Learned soo much!
I always love to listen kunal shah... ❤
Insightful, worth watching!
Carl Pei said 'my sister is in her early 20s, it's almost a different generation'.. so true!
validation from other people is a disease...because no matter how good and great u perform...there will b so many people who will definitely judge you without analysing anything....so it is better not to crave for a positive feedback from other people and just focus on improving ourselves....and having random curiosity is also very very important because first thing is we dont get bored of doing the same task again and again and second thing is random curiosity increase the understanding levels and will definitely help in connecting the dots.
Two of my favourite entrepreneurs in the world I one podcast 🔥🔥🔥
Atleast profile photo toh kisi aur ka.mat uthao 😂🙏
Brand purpose and value are the core identity of the brand. While marketing, positioning and business practices change the core remains fixed. That's what makes the brand.
I now understand, Carl Pei is actually worth listening to 👏🏻
This is what a conversation looks like.
Feels amazing when youtubers comments on the same comment box where you are active!
Thank u soo much sir's ❤️
Waking up morning unable to sleep that hit me hard due to my current phase which is similar working in startup Agri-tech in Africa
This guy is so smart...he should start a company
Am i dreaming?! 2 most intellectual person conversing 😍
Thisis the most efficient way to do podcast! Creator vs creator
This podcast is gonna blow up
really great podcast .
So now i get how kunal shah is getting these good memes and time to post them
someone said great things comes from great person and here you proved that and the name cred curiosity is upto the point i have listened the beerbiceps podcast of carl pei and that feels so boring and this is dammn knowledgable and at last thnks kunal for doing this conversation🔥🔥🔥🔥
It was good, worth watching!
Watching this for second time🔥
Finally cred curious is back
So, very insightful.