Replies to This Discussion

Permalink Reply by Nishant Agrawal on July 6, 2012 at 6:37pm

Firstly, my apologies. I hadn't gone through the slides before commenting. So silly of me. I had formed an opinion on the two models based on the ongoing comments. BS way, as depicted in the slides, covers a wider area than I had initially thought.

I thought that with BS-model Alok was talking about un-tested businesses, like Instagram and Groupon, that have no profits but promise investors the sky based on transient assets like customers and popularity. Having gone through the slides, the distinction between the two models turned out to be different.

Treating customers as an actual asset is unheard of, outside the tech-scene. In the tech-scene, anything is possible; Groupon, rumors say, is doing something similar with its accounts. I heard that some e-com firms are treating product discounts as deferred expenditure. That is absolutely incorrect.

From a layman's perspective, there is no intangible asset that can be called an actual asset from accounting point of view. So yes, your balance sheet will have very few assets. But, cheer up as it will give you a very high Return on Investment; if you're not in the red, that is.

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Permalink Reply by Jitendra Gursingh (Stuffcool) on July 9, 2012 at 2:26pm

No worries Nishant :) but as general advice I would ideally recommend reading the posts, especially if its Alok's :)

I second you on the fact that some e-comm companies are treating discounts as deferred expenses which is completely wrong.

Thank you for providing the real accountant perspective ;) As of now we are bootstrapped & we dont sell on discounts, so we hope to break-even soon. Do visit my site www.stuffcool.com & give me your opinion at jeetu@stuffcool.com

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Permalink Reply by Alok 'Rodinhood' Kejriwal on July 9, 2012 at 8:14pm

:-) :-) 

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Permalink Reply by Alok 'Rodinhood' Kejriwal on July 7, 2012 at 9:02am

:-)

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Permalink Reply by Jitendra Gursingh (Stuffcool) on July 9, 2012 at 8:28pm

Alok sir , some words instead of smileys :) can't read between smiles J

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Permalink Reply by Alok 'Rodinhood' Kejriwal on July 9, 2012 at 8:33pm

well, what can i say? thanks for being so supportive!

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Permalink Reply by Jitendra Gursingh (Stuffcool) on July 10, 2012 at 3:57pm

:) Thank you for creating Rodinhood

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Permalink Reply by Sai Pothuri on July 11, 2012 at 7:50pm

Dear Alok

Great insight and also a cute way of letting people know about the actual difference with a youtube example

Thanks

Sai

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Permalink Reply by Sridhar V on September 17, 2012 at 4:47pm

Thanks Alok for sharing this. Its a good eye-opener for aspiring entrepreneurs.

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Permalink Reply by Varun Intoxicated on September 18, 2012 at 2:41pm

rodinhood baba, y dont u start working on something like golden handbook for global Entrepreneur. this is a religious material for every startup business man.. :)

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Permalink Reply by Hiranand Chawla on September 18, 2012 at 3:47pm

Learnt a Lot from this Slide/s :)

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Permalink Reply by Govind G Prajapati on December 27, 2012 at 1:57pm

Thanks for sharing this slides.

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