๐ŸŒŸ Had a blast at the Startup Social in Bangalore organised by eChai Ventures & moderated by Chaitanya last Saturday, where the conversations were as energetic as a double-shot espresso! During one of the discussions, I casually mentioned "ICP," and someone in the audience asked, "What's that?" ๐Ÿค”

Well, ICP could stand for Ice Cream Party" ๐Ÿฆ๐Ÿ• but thatโ€™s not quite right. ๐Ÿ˜„

ICP actually stands for ๐—œ๐—ฑ๐—ฒ๐—ฎ๐—น ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ฒ๐—ฟ ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ถ๐—น๐—ฒโ€”not as fun as an Ice Cream Party but arguably just as essential. ๐Ÿ†

Let me break it down for you:
(some gyanbaji ) ๐Ÿ˜ฌ

Imagine you're in the business of selling custom superhero capes. You could try selling to everyone, but wouldnโ€™t it be better to focus on those die-hard superhero fans who canโ€™t wait to put on a cape and feel invincible? These are your ideal customersโ€”the ones who not only need your product but are also excited about it, ready to buy, and might even show up to work wearing one!

Your ICP is that dream crew for your product or serviceโ€”the people who need what you offer, will benefit from it, and will love you for it. When you know who they are, you can focus on speaking directly to them. No more guessing games, no more "shouting into the void."

Why is this crucial for product managers and founders?ย 
tโ€™s like having a superheroโ€™s map ๐Ÿ—บ๏ธ that guides you toward the right customers, knowing your ICP helps you avoid the classic startup trap of trying to be everything to everyone. ๐ŸŽฏ

Instead, you can zero in on those who truly need what youโ€™re offering. This means better product-market fit, more effective marketing, and ultimately, a happier customer base.

In short: Know your ICP, and youโ€™ll spend less time chasing the wrong customersโ€”and more time delivering value to the right ones. ๐Ÿ’ก

P.S. Still craving that Ice Cream Party though... ๐Ÿจ

The eChai Effect - In Their Words

"The eChai platform has been super valuable for me - it has helped me gain a deeper understanding of domains in the startup and tech ecosystem. What stands out most is the celebration of knowledge, professional growth, and entrepreneurship - itโ€™s one of the best for the Indian ecosystem. Along the way, Iโ€™ve also been fortunate to make some great friendships and connections too."
Shalin (Shawn) Parikh - Founder, MyCPE One
Shalin (Shawn) Parikh
Founder, MyCPE One
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Pankaj Bhimani - Founder, 58miles
Pankaj Bhimani
Founder, 58miles
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Mehul Shah - Co-Founder at Counselvise & Ivy Growth
Mehul Shah
Co-Founder at Counselvise & Ivy Growth

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