Gold: India’s Secret Asset Class

[00:02:40] - [First question] - What the financial products landscape in India looks like

[00:04:15] - The opportunity set for financial products in the hundreds of millions

[00:06:32] - Describing the average Indian consumer’s relationship with money

[00:08:04] - What rich looks like in India compared to the West and how American media influences cultural norms in the East 

[00:12:34] - An overview of what Jar is and why he started it  

[00:16:38] - Thoughts about changing behavior in a product like Jar

[00:19:02] - Designing a product for one country that houses thirty smaller countries 

[00:21:48] - How purchasing gold happens today writ large versus with Jar

[00:23:41] - Building a product on top of the philosophy that 99% of people are good

[00:27:10] - Getting their first five thousand users

[00:31:06] - Thinking about investing as a consumption experience 

[00:33:49] - Creating trust in a low trust ecosystem

[00:35:24] - Business model arbitrage and what happens when Indian businesses expand beyond their borders

[00:37:58] - Outsourcing from versus to India is the next coming trend

[00:39:47] - Indians are hungrier than ever to build the next global company 

[00:41:15] - The bear and bull cases for India over the coming decade