Byju’s meltdown – who is to blame? – Today’s Clidemy Climate Poll
𝘝𝘪𝘦𝘸 𝘢𝘭𝘭 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘱𝘰𝘭𝘭𝘴 𝘧𝘳𝘰𝘮 𝘩𝘦𝘳𝘦 – https://lnkd.in/gFm7EuKK
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
Within 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:
=> 𝐓𝐡𝐞 𝐟𝐨𝐮𝐧𝐝𝐞𝐫𝐬/𝐩𝐫𝐨𝐦𝐨𝐭𝐞𝐫𝐬 – perhaps they aspired wrong, planned wrong, executed wrong, took some steps that were not advisable, highly questionable, or
=> 𝐓𝐡𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 – 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: 𝐖𝐡𝐨 𝐢𝐬 𝐭𝐨 𝐫𝐞𝐚𝐥𝐥𝐲 𝐛𝐥𝐚𝐦𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐁𝐲𝐣𝐮’𝐬 𝐦𝐞𝐥𝐭𝐝𝐨𝐰𝐧? 𝐅𝐨𝐮𝐧𝐝𝐞𝐫𝐬 𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬?
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 – 𝘸𝘦 𝘩𝘢𝘷𝘦 𝘩𝘶𝘮𝘣𝘭𝘦𝘴𝘵 & 𝘮𝘰𝘥𝘦𝘴𝘵-𝘦𝘴𝘵 𝘨𝘰𝘢𝘭 𝘰𝘧 𝘱𝘳𝘰𝘷𝘪𝘥𝘪𝘯𝘨 𝘦𝘧𝘧𝘦𝘤𝘵𝘪𝘷𝘦 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘢 𝘣𝘪𝘭𝘭𝘪𝘰𝘯 𝘱𝘦𝘰𝘱𝘭𝘦 𝘸𝘰𝘳𝘭𝘥𝘸𝘪𝘥𝘦 𝘣𝘺 2030. Help us do that!
𝘝𝘪𝘦𝘸 𝘢𝘭𝘭 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘱𝘰𝘭𝘭𝘴 𝘧𝘳𝘰𝘮 𝘩𝘦𝘳𝘦 – https://lnkd.in/gFm7EuKK
See my LinkedIn post on this topic
