🚀 Building a 40 Billion Rupees Tech Empire Ft. Bakhtiar Wain | 401 | TBT

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Bakhtiar Wain is the founder and CEO of Avanceon MEA.

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Podcast Links:
• Spotify: https://spoti.fi/3z1cE7F
• Google Podcast: https://bit.ly/2S84VEd
• Apple Podcast: https://apple.co/3cgIkfI

00:00 Introduction
01:10 Early Life
01:44 Education
02:19 UET in His Time
03:10 Educational Experience at UET
05:15 Still Connected with Old Friends?
06:22 Success of His Batchmates
07:10 Career Start and Progression
08:31 Taking Risks in His Career
11:31 Buying a Computer in the 80s with 3 Years of Savings
13:45 The Business: Nature and Learnings
16:15 Business Longevity
16:30 How did it evolve?
18:43 Building Industrial Connections
22:22 Local competing with Global
25:13 How did they do it?
25:43 Value Propostion
29:01 Simplifying Industrial Automation
32:10 The goal here?
32:47 Quality of Labor: Is that the problem?
36:04 Avanceon: Journey and Growth
39:39 Raising Funds: His Approach
45:03 Going for an IPO back then
46:06 Importance of Stock Options for Staff
49:40 Challenges of Raising Capital in Pakistan
55:00 Current Products and Market Position
1:00:55 Depth of Data Analysis
1:03:13 AI/ML vs. Data: Which is More Valuable?
1:05:52 Feedback on their new product
1:08:14 Data Security: Making it cloud native!
1:16:35 Experience in the Middle East
1:17:50 Product-Based Business: Potential from Pakistan to the US
1:21:00 Current Economic Turbulence in Pakistan: Concerns?
1:22:37 Salary Tax Issues
1:27:05 Talent Churn & Brain Drain
1:31:51 Why Big Companies Haven't Emerged in Pakistan
1:32:47 Future Geopolitical Landscape
1:38:19 Universal Basic Income: Feasibility
1:41:57 Bakhtiar’s Book Recommendations
1:43:19 Vision for Pakistan in 2050