Byju’s meltdown – who is to blame? – Today’s Clidemy Climate Poll
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Firstly, how is this poll relevant to climate? Well, CliDemy – the Climate Academy that I run is all about climate education. Education, in my opinion, is a social good, and climate education even more so. The Byju’s saga thus holds many lessons for entrepreneurs like me and investors keen on climate tech.
A bright teacher realizes he can reach a much larger audience using his passion for teaching and leveraging tech to provide personalized learning at scale. His solution indeed creates significant value, and the value grows and grows and grows. Not much later, venture capital investors realize the potential for this firm and the edtech domain that it came to symbolize, and invest heavily. The company becomes very large and successful, acquires many other companies to grow even larger faster, expands internationally, and it appears sky is the limit.
But earth’s gravity is a powerful force to be reckoned with too.
Our specialty focus areas include
Net Zero by Narsi
Insights and interactions on climate action by Narasimhan Santhanam, Director - EAI
View full playlistWithin a span of a few months, Byju’s, from the special position it held among Indian startups, seems to be tottering.
I have no idea what’s going on inside the firm except what I read (and except for the experience of a Byju’s salesperson pushing my nephew’s family really hard to sign up, which they didn’t), but I’m sure of this: Only one of the following two is really to blame for the startup’s troubles:
=> ??? ????????/????????? – perhaps they aspired wrong, planned wrong, executed wrong, took some steps that were not advisable, highly questionable, or
=> ??? ????????? – perhaps they pushed the promoters to move fast, faster, even faster, the massive pressure driving the founders to mess things up.
Do tell us your vote for this question: ??? ?? ?? ?????? ????? ??? ??? ????’? ????????? ???????? ?? ??????????
Your opinions in this regard can shape venture capital investing in sectors like education, something that Clidemy is into.
Poll by: CliDemy – the Climate Academy – ?? ???? ???????? & ??????-??? ???? ?? ????????? ????????? ??????? ????????? ?? ? ??????? ?????? ????????? ?? 2030. Help us do that!
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See my LinkedIn post on this topic
