Is #Community Building Just a New Buzzword That Has Recently Popped Up?
Last week, I attended the #Bangalore Community Builders Mixer at Urban Vault. It was a fantastic opportunity to reconnect with friends in this space.
One interesting discussion we had was about whether community building is just a new buzzword. While the term might be new, the practice has been around for centuries. Religious institutions are prime examples of communities coming together for the betterment of humanity and their beliefs, continuing their processes and rituals even without the physical presence of their leaders.
A personal favorite example of modern community-led growth is #Bitcoin. It has no CEO, CFO, or COO, yet it is widely adopted globally. At Draper Startup House, we firmly believe in the power of community, and we love building it every day. Communities like eChai Ventures and The Product Folks have been thriving for over half a decade.
Sohail Khan pointed out beautifully that communities with great SOPs (Standard Operating Procedures) endure forever without needing their creators to constantly manage them. I completely agree.
Benefits of Building a Community:
1. Reduce Customer Acquisition Cost (CAC)
2. Increase Brand Loyalty
3. Direct Interaction with Your Customers for Feedback
4. Foster Collaboration Leading to Partnerships
5. Enhanced Customer Retention
6. Create a Support System for Members
7. Drive Organic Growth Through Word-of-Mouth
8. Build a Strong Brand Identity and Reputation
Last week, I attended the #Bangalore Community Builders Mixer at Urban Vault. It was a fantastic opportunity to reconnect with friends in this space.
One interesting discussion we had was about whether community building is just a new buzzword. While the term might be new, the practice has been around for centuries. Religious institutions are prime examples of communities coming together for the betterment of humanity and their beliefs, continuing their processes and rituals even without the physical presence of their leaders.
A personal favorite example of modern community-led growth is #Bitcoin. It has no CEO, CFO, or COO, yet it is widely adopted globally. At Draper Startup House, we firmly believe in the power of community, and we love building it every day. Communities like eChai Ventures and The Product Folks have been thriving for over half a decade.
Sohail Khan pointed out beautifully that communities with great SOPs (Standard Operating Procedures) endure forever without needing their creators to constantly manage them. I completely agree.
Benefits of Building a Community:
1. Reduce Customer Acquisition Cost (CAC)
2. Increase Brand Loyalty
3. Direct Interaction with Your Customers for Feedback
4. Foster Collaboration Leading to Partnerships
5. Enhanced Customer Retention
6. Create a Support System for Members
7. Drive Organic Growth Through Word-of-Mouth
8. Build a Strong Brand Identity and Reputation
#Communitybuilding is not just a trend; it's a timeless practice that drives real results.
Special thanks to the Urban Vault team for putting this mixer together: Amal Mishra, Devishree A and Simran Chanda.
Special thanks to the Urban Vault team for putting this mixer together: Amal Mishra, Devishree A and Simran Chanda.
The eChai Effect - In Their Words
"For me, eChai is a second home. I've been associated with it since the early days, when it was already setting a different tone for how startup communities could work. As a traditional business owner entering the new-age D2C space, eChai supported me in every direction. Over the years, it became my window to the startup world — and also gave me lifelong friends who continue to show up, for business and beyond."
Pankaj Bhimani
Founder, 58miles
“When we launched LegalWiz.in back in 2016, concept of procuring legal and compliance services through a digital commerce platform wasn't as prominent in India. eChai played a significant role in providing the early adopters, and building significant positioning in the startup fraternity. Overtime, eChai grew to be a massive network of like-minded entrepreneurs and extended that benefit to all the members in a true "co-rise" spirit. I personally love to attend eChai events, learn from subject matter experts who share relatable and actionable insights and experiences. For startup journeys, it is so important to be surrounded by people who can add relevance, perspective, and push you to do better. Most importantly a group of people where you aren't being judged about things going right or wrong, but be a motivational force that keeps you going, yet keeping you in check. eChai is that place for me!”
Shrijay Sheth
Founder at LegalWiz.in and Hire4Higher Consulting
"eChai has played a truly pivotal role in HummingBird’s journey — even before Day Zero. From ideation to establishment and into growth, it’s been a constant source of support. It connected me with incredible people who’ve become more than just friends. One of the biggest reasons I chose to stay in Ahmedabad is because of the eChai community. It has shaped my growth — both personally and professionally — in ways that are hard to articulate. Honestly, words fall short when I try to express what eChai means to me. I’m deeply thankful and forever grateful to eChai for being such an integral part of my journey."
Harsha Bhurani
Founder, HummingBird Consulting Group
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