Lenny Distilled

Building a meaningful career | Jason Shah (Airbnb, Amazon, Microsoft, Alchemy)

September 18, 2022

Featuring: Kunal Shah (CEO and founder, CRED)

15 quotes · 13 insights

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Your hardest struggles become your greatest teachings

Life is too short to make all our mistakes ourselves. So we should be learning from other people's failures as well.
Kunal ShahCEO and founder, CRED 01:06:36
The biggest curse of successful parents is that that's the only gift they'll not be able to give to their kids, the gift of struggle that they had.
Kunal ShahCEO and founder, CRED 1:08:37

CEO growth must outpace company growth

Companies that are very, very good at zero to one will not naturally become great at 10 to 100. The founder has to evolve.
Kunal ShahCEO and founder, CRED 00:34:51

Context makes the irrational rational

No Indian has ever been paid an hourly salary in their entire life. The concept of time is not the same.
Kunal ShahCEO and founder, CRED 00:00:21

Career success starts with self-knowledge

Every book you read makes your brain poorer to read the next book. That's the purpose of books.
Kunal ShahCEO and founder, CRED 00:57:01

Founder mode is no excuse for poor management

A lot of CEOs have done well because they follow the 'dharma' of the founders quite well. These are the principles that were given to me and I'm going to sustain this and make it even bigger.
Kunal ShahCEO and founder, CRED 00:00:08

Disruptive ideas look like toys until they transform everything

To me, wealth is nothing but information asymmetry. All the best companies in the world have unfair information asymmetry.
Kunal ShahCEO and founder, CRED 51:25

Learn from success, not just failure

Life is too short to make all our mistakes ourselves. So we should be learning from other people's failures as well.
Kunal ShahCEO and founder, CRED 01:06:36

Embrace being a professional idiot - ask the dumb questions

A curious person is somebody who is constantly demonstrating that they are not proud of their expertise, and they will demonstrate extraordinary amounts of excitement when they face a problem which they have no clue how to solve.
Kunal ShahCEO and founder, CRED 00:47:57

Efficiency is maximum output from minimum input

The beautiful definition of predators I read was 'one who burns the least amount of calories to earn the most amount of calories.'
Kunal ShahCEO and founder, CRED 54:49

AI is reshaping everything - adapt urgently or become obsolete

The largest employer of the world is 'inefficiency', and if you take that away too quickly, we'll have a very, very jobless world.
Kunal ShahCEO and founder, CRED 31:40

Clear thinking shows up in clear writing

Second order thinking is known to be the most powerful trait to predict the success of somebody.
Kunal ShahCEO and founder, CRED 01:00:15

Markets have unique cultural rules

Focus is a curse in Asian markets. In low trust markets, there is concentration of trust, and therefore you will see one app can do 400 things.
Kunal ShahCEO and founder, CRED 28:25
Profit pools of a country tell you a lot about what the country values. Trying to copy somebody else's profit pool to your country will not be a wise idea.
Kunal ShahCEO and founder, CRED 00:36:39

Unit economics are the real PMF test

You cannot make $100 per user from a country when their income is let's say $2,500 per year as an average for the whole country.
Kunal ShahCEO and founder, CRED 23:41

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