Building consumer agentic platform for human coordination Founded @officialmudrex @jediswap | advisor @reclaimprotocol | Angel at few | YC W19 | @iitbombay
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Joined July 2009
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Rohit Goyal retweeted
For most of us, "I will start investing next month" has become a way of life.
I've been building products long enough to know that when people put off something that's innately good for them, it's not because of a lack of information. We have held back because of friction. Investment today requires scrambling through too many steps and processing too much jargon. As a result, most of us even hesitate to talk about investing.
@sipseapp is our humble effort to clear all of that away so that taking the first step feels as easy as saving.
[Mutual Fund Investments are subject to market risk. Read all scheme related documents carefully.]
“Social is wide open”
This is the category I and @kunal_jain are attacking and we finally found our 1st clear user category with the clear use case and GTM.
Really excited how the multiplayer agentic experience will change social experiences and human collaborations.
Hearing this week that personal assistants cost $3k-$7k per user per year, depending on scale effects / vertical integration / model selection. Implications/questions:
- Consumer subsidies will be a huge factor; people don’t care about privacy, they want utility and they want it for free.
- Model costs are deflating, but not fast enough for many startups. The dark horse is that Jev may rapidly deflate computer-use costs 100x.
- An interesting counter-position would be building an expensive and narrowly focused agent — perhaps combining proprietary supply (Carbone tables!) with a unique POV (“no one goes there anymore, go to The Grill instead”).
- Social is wide open but hinges on a key design challenge: how can agents increase social cohesion and not feel invasive in a group chat? A working social agent would rightly attract an avalanche of capital and be hard for incumbents to replicate.
- Finally, there are vertical focus areas like financial services where the LTVs outweigh the subsidy needed and are outside the near-term competitive focus of the incumbents. If it were me, I’d focus here — Credit Karma as an agent >> Credit Karma as an app.
Overall, it’s still very, very early, and we may very well be in the MySpace era of social or iPhone 2010. Hang onto your hats and keep building!!
If you are in India and have built or thought about building an agent to make your life easier, I would love to speak with you.
We are designing the personal assistant stack for India with a different angle than west, and just started working with early power users. DM!
Rohit Goyal retweeted
Nothing happens to Billionaires in India if you have a good team of lawyers on your side:
I have paid EMI to LIC Housing Finance for 16 years for an Ansals flat that I know I will never get to live in.
I once informed LIC that I wouldn't pay my EMIs; they warned that:
Rohit Goyal retweeted
My pain aggravated today, sorry:
Ansals was supposed to pay 22,006 crore to creditors.
Subash Chandra jumps in and proposes that I pay 6.5 crore to the creditors, and the settlement is approved by NCLT.
Wow!
I bought a flat in 2010 from Ansals and still have not received it, as Ansals has defaulted.
For 16 years, I have been waiting and have taken a loan from LIC Housing Finance.
I kept begging LIC to stop taking my EMIs, but they always told the guard to show me the exit gate.
If you are a salaried middle-class guy, trust me, no one is coming to save you!
Rohit Goyal retweeted
This order is illegal and unlawful and there’s no law as far as I know that allows the Government of India to do this. They’re acting as a law unto themselves.
Let me explain:
1. Bitchat itself has not violated any law. It’s a piece of software that people use to communicate without the Internet. If a threat was created using Microsoft Word OFFLINE, would you hold Microsoft responsible for it. If that is the principled rationale here, then every software in the world is susceptible to the vagaries of actions from the Indian government.
2. Such an act of disproportionate blocking needs to be backed up with proof: merely being able to communicate without surveillance, is not a violation of any law. Neither the platform nor the government of India can track what is being done with it. On what basis is this order being issued?
4. Decentralised technologies are critical to the functioning of the web: they allow users to take control over their own Internet usage, without dependence on a single platform. Maybe that’s exactly it: the Indian government controls our speech and our communications THROUGH concentrated large platforms like x, Instagram, Facebook, and the idea of decentralisation, where they can’t order a single player to take something down, seems unmanageable to them.
4. An act of blocking has to be proportionate: there is legitimate speech potentially on the platform itself. We don’t know what is the actual speech which it thinks (doesn’t know) is illegal. By taking down these platforms you censor/prevent people from having the opportunity to communicate privately, and legitimately.
5. Directing Github to remove this app is also deeply problematic: not only is Bitchat not illegal, a platform that allows you to download an app or code for your own personal usage, for legal purposes, is also not illegal. Github is at risk because it’s a centralised platform btw.
6. No law in India mandates an app to have mandatory user registration, phone number verification or centralised logging of communications. There is no ban on anonymous coordination. Surveillance isn’t mandatory. In face, many existing communications apps do not do this. THIS as a basis for issuing a blocking order is itself illegal - no law supports this action.
7. The order says that the platform is capable of being used for unlawful activities: I’m afraid that’s no reason for blocking something. A messaging app can be used for illegal activities, it can be used for legal activities. A knife can be used to till or cut fruit. You don’t ban knifes.
Again, this order is illegal and unlawful and there’s no law as far as I know that allows the government of India to do this. They’re acting as a law unto themselves.
Almost unbelievable and so inspiring to see Jai debuting his international cricketing career this way. <3
A boy with whose entire family(father, uncles, cousins), I and my younger brother played most of our childhood cricket.
A raw product of grassrooted tier3 town's family, their passion and a lot of hardwork.
Rohit Goyal retweeted
If you are doing Employment or Education verification as part of your hiring workflow - we might have a great deal for you. DMs open!
Rohit Goyal retweeted
Memory Store (@memorydotstore) gives your team and AI agents a shared company brain.
Your team's knowledge & decisions are scattered across slack, emails, and people's heads. Memory Store turns them into a living wiki for your agents and teammates.
Congrats on the launch, @ishitajindal17 & @diwanksingh!
ycombinator.com/launches/QPs…
I have built something cool for Indian real estate agents to help them close more deals. It is used by a few agents in my network already.
If you know any real estate agent who deal with a lot of leads/people on a day to day basis, would love an intro.
Rohit Goyal retweeted
Ethereum planned to cut L1 deposit wait times by 98%.
Not with a hard fork.
Not with a new chain.
Not by breaking anything.
Just by counting attestations differently.
The Fast Confirmation Rule (FCR) is the upgrade shipping to @ethereum right now ↓
Rohit Goyal retweeted
We spoke with @imrgoyal from @saygmtribe how in a world where ideas can come from anywhere, Ethereum lets communities turn belief into businesses 👇
"In the age of AI, ideas and product can come out of anywhere. Builders compete for attention. And communities become real moat.
Aligning incentives with communities becomes the most important part of building a business.
By leveraging Futarchy as a governance mechanism, we drive trustless coordination within communities.
With the right incentive alignment we will see more and more people adopt crypto to build their businesses.
Getting few successful launches becomes super important to build that trust and start a flywheel."
Rohit Goyal retweeted
If Arvind Kejriwal can spend 156 days in jail as a sitting CM and Manish Sisodia 530 days as Deputy CM, and later get clean chit from court, just imagine the condition of a common man
If this is justice for the powerful, what about the powerless?
Rohit Goyal retweeted
It was a very good meeting indeed. India is making immense strides in the world of AI. We invite the world to invest in our talented youth and add vigour to this sector.
@OpenAI
Great meeting with PM @narendramodi today to talk about the incredible energy around AI in India.
India is our fastest growing market for codex globally, up 4x in weekly users in the past 2 weeks alone.
🇮🇳!
Rohit Goyal retweeted
My Demand: Make Long Term Capital Gain TAX on Equities NIL for individual investor.
I welcome the hike in STT (security transaction tax) on derivatives as it can curb reckless speculation. Nearly 90% of retail investors lose money in F&O, turning markets into gambling.
When STT was originally introduced, LTCG was zero. But now with both STT and LTCG in place, investors are disincentivised.
I urge the govt to abolish LTCG on equities for individuals, as done in Switzerland, Singapore, UAE & others. This will boost household wealth, reduce speculation, and shift savings from gold & real estate into equities.
