Hustle Beats Harvard - Why street vendors run a business with 10% failure rate

Mayank Singhal
1/8
Your MBA won't save you when the street vendor outside your office is running a business with a 10% failure rate, without a single spreadsheet. This thread breaks down why hustle > Harvard in India's real economy.
2/8
90% of Indian startups crash and burn within five years. The dosa guy on your street? Still printing cash. The real business masterclass isn't in boardrooms, it's on the pavement.
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Startups burn crores, pivot slow, and pray for product-market fit. Street vendors? They adapt in real time, survive on cash flow, and pivot before you finish your A/B test. Survival > strategy when the customer is two feet away.
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The bhel puri seller tweaks his recipe in 18 seconds flat. Startups take 18 months to pivot. CRM? Try memory-based loyalty: "extra strong, no sugar" for Mohan sir, no SaaS required.
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Street vendors start with ₹50k–2L, pay almost no rent, and profit from day one. Cloud kitchens burn through lakhs before seeing a rupee. Low overhead isn't luck, it's an unfair advantage.
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Paan shops add new products in hours. Food trucks chase foot traffic daily. While SaaS founders debate pivots, the momo guy's already tested five new fillings. Adaptation isn't a feature, it's survival.
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Street vendors build trust face-to-face, not through ads or algorithms. They remember regulars, create real value, and pivot fast. Real loyalty is built in the gaps algorithms can't see.
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📊 Failure rates: Street vendors: 10% VC-backed startups: 75% General startups: 90% Food e-commerce? Even $56M-funded giants get wiped out. The streets never left the customer's side.