Startup founders formula with Sai Krishna

In this episode, Sai Krishna, a serial entrepreneur, who calls himself a metaverse plumber, loves creating interesting applications based on emerging and maturing technologies. In this conversation, he shares How a decentralized squad model, working with local partners and having an engineering focus for differentiation would help scale and localize, as needed How to build an organization to realize the vision of the founders Cadence of 2 weeks or 12 weeks, multi-skilled squads Willingness to learn and time to feedback A founder’s feelings related to exit decisions Founder’s formula: have fun, optimize for joy A founder’s job is to make everyone in the team to reflect back and feel the impact of their work Metaverse: hype or old wine or something substantial? Why 3D printing technology underdelivered on its promise How finances (and capital) are critical to help new technologies become practical and increase wide adoption How commoditized solutions can trigger a race to the bottom affecting the survivability of a company Impact of new technologies on the carbon footprint Oblivious, brash and corrective : the three stages of companies operating to exploit new and emerging technologies Tips for anyone looking to get deeper into the metaverse ecosystem Step1: understand what variables you want to optimize for Financial gains, Wealth: building a company is probably the hardest Joy of learning being part of an emerging space Solving a problem that itches you Find a reason to resonate with the cause The market also needs to be ready Would you see it as a decades long journey, 15 hour days.. Yes, not just as an option to make quick money Cobbling a team of like minded lunatics.. If he chose to be in AI because AI is in his name! Sai has spent more than 9 years in building deep tech startups. He was an early believer and pioneer in the Metaverse, and built & backed startups in the domain. Notably: - His Virtual & Augmented Reality venture, Scapic was acquired by Walmart/Flipkart - He backed a venture studio for the Metaverse, Cope. Studio, which was acquired by Polygon/Matic - His marketplace for Metaverse assets, Reality Tools, was acquired by MotionPage Sai currently leads Flipkart Labs, where he focuses on new deep tech initiatives such as Camera (Augmented Reality) & Firedrops (NFTs & Web3) in the Walmart Group. He is currently an advisor at Polygon & Polygon Studios. He is alum of Stanford University Graduate School of Business, recipient of the Indian National Startup Awards and a fellowship recipient from Ondeck. He's been awarded by organizations such as Facebook, the Global Student Entrepreneur Awards, Wharton and IIM. Sai has delivered 80+ keynotes at international conferences, IIT-Bombay, NSRCEL & more. When it's not about work, Sai is quintessentially south Indian, with an affinity to dosas and filter coffee. You can reach out to Sai at [email protected] on anything around building moonshots.