The real reason startups don’t make profits

This founder skipped college, tried to buy Germany, and claims to be building immortality! On this episode of The Jest Business, Paddy and I sit down with “Samrat Chakravarti,” the so-called serial entrepreneur behind EtherChain. He tells us how his startup plans to turn human memories into NFTs, why making losses is a badge of honour, and why he hires only people with no experience. From SPACs to Rafael Nadal’s forehand, his journey is a hilarious take on the world of startups, venture capital, and AI in business. If you’re curious about startup culture, entrepreneurship, and the absurd side of tech founders, this episode will keep you laughing all the way!

Discussion Topics: The real reason startups don’t make profits

• Why startups are really just “start-downs”
• Meet the world’s most outrageous “entrepreneur”
• The funding shortcut no one admits to taking
• A business model too crazy to believe
• Tech jargon or scam? You decide
• The achievement that redefined “success”
• Can money buy celebrity memories?
• The world’s weirdest pricing strategy explained
• When ambition outgrows technology itself
• Zero users, infinite confidence
• Why losing money makes you a “visionary”
• The bizarre logic behind startup hiring
• College dropout? Think bigger…
• How to “pay” without paying
• Marketing hacks only a mad genius could try
• The wildest startup ending you’ll hear today

Our Guest: Amit Ray

Amit Ray is an alumnus of IIM Calcutta and the founder of CrazyTok, a ‘new media’ content marketing firm focused on podcast and YouTube production for CxOs, founders, and business owners.

Prior to founding CrazyTok, he worked at a mix of mature and fast-growing organizations, most recently at Grab and Uber. He has worked in India, the Philippines, and the US and currently lives in Singapore with his wife, son, and dog, Pepper.