Making Billion Dollar Startups in Pakistan!! | Dil ki Baat 022

Join the Digital Media Marketclass: https://muzamilhasan.com/courses Recommend Guest for a Podcast: https://muzamilhasan.com/guest Get in touch with Muzamil: https://muzamilhasan.com/contact-me Get Mentorship from Muzamil: https://muzamilhasan.com/mentorship JOIN MY COMMUNITY: https://buy.stripe.com/6oEaFEdAXbGe69W6ou Hey everyone, welcome back to another episode of Dil Ki Bat. Tonight, let’s talk about the journey of startups in Pakistan. I will explore the history, key players like Careem and Foodpanda, the government's Rs. 2 billion startup fund, and the 2020 startup boom. I will also delve into the challenges, crashes, misleading narratives, and why startups in Pakistan keep failing. Do not forget to subscribe and press the bell icon to catch on to some amazing conversations coming your way! #dilkibaat #muzamilhasan #startups #pakistan Socials: TBT’s Official Instagram: https://www.instagram.com/thoughtbehindthings Muzamil's Instagram: https://www.instagram.com/muzamilhasan Muzamil's LinkedIn: https://www.linkedin.com/in/muzamilhasan Jawad's Email: work.jawadsajid@gmail.com Podcast Links: • Spotify: https://spoti.fi/3z1cE7F • Google Podcast: https://bit.ly/2S84VEd • Apple Podcast: https://apple.co/3cgIkfI 00:00 Introduction 01:25 Today's Episode Overview 01:40 History of Startups in Pakistan 02:25 Plan9 02:59 PlanX 03:16 NIC Pakistan 03:43 Lack of Success Stories 04:26 The One That Worked Out 04:42 Govt’s 2 Billion Rs. Startup Fund 05:44 Major Players: Careem, Foodpanda, Daraz, etc. 06:03 Pakistan’s 2020 Startup Boom 06:49 Reversal and Crash 07:35 Technical Definition of a Startup 09:06 Understanding Startup Costs and Scale 11:26 The Dotcom Bubble 13:17 Crash & Impact 16:59 Copycat Companies and More 17:31 Lack of Trained Investors 19:21 Rise in Investments: No Economic Sense? 21:23 Grocery Startups Crash 23:05 Sudden Traction for Startups 24:00 Careems Interesting Growth 26:55 Why Careem is a Good Example 28:55 FOMO: Everyone Wanted In 31:16 Free Money: Buyups, Disruptions, etc. 32:33 The Startup Model 36:04 Misleading Narratives 42:45 Examples: China, India, Indonesia 45:28 Analysis of Pakistan 47:03 Cutting the Delusions 47:48 Saith or Rent Seeker? 49:20 Summary & Concluding Thoughts 54:51 Solutions?