[{"content":"The Economic Survey of India 2025-26 presented on 29th Jan had highlighted how India\u0026rsquo;s GDP Growth can be hampered by a combination of elements like Financial Stress, trade frictions and geopolitical tensions. It stated how the world will be in constant state of turmoil and the key will be less about continuity but more about managed disorder.\nLo and behold, just as one month passes by after the economic survey, we have countries in the Middle East scurrying to war. As India watches by, it brings nothing but more friction to an already dull investment climate.\nStagnant Private Capex Despite the government\u0026rsquo;s record breaking public capex estimated at 4.4% of GDP for FY27, private sector participation remains muted, it has been stagnant hovering around ~23% of total Gross Fixed Capital Formation (GFCF) for a long time. For emerging and developing economies like us which need to create more jobs to in turn drive consumption, this remains the missing engine.\nCredit Cooling Along with immediate Capex, companies also seem to be pulling away from creating capacity or projects in the near future, largely deleveraging and using idle cash for buybacks instead of creating IP assets. The share of industrial credit is declining while the share of unsecured personal credit is increasing in the economy. Banks have pivoted heavily toward retail loans (housing, personal loans) and the services sector. This shift reflects a cautious approach by both lenders and borrowers in the industrial segment. The Global Retreat of FDI While FPI in a country is less sticky and prone to flight, FDI is considered to be more sticky \u0026amp; unfortunately FDI in India has also not moved much in spite of recent interventions like PLI schemes and tax breaks offered heavily under Made In India. The beneficiary of China plus one strategy seem to be other countries in Asia notably Thailand and Vietnam while China is moves away from heavy machinery towards the new three sectors- Electric Vehicles, Lithium Batteries and Solar Products. South Korea has been moving forward in hardware required for AI infrastructure to be competitive against it\u0026rsquo;s peers in China and Taiwan.\nThe Unlikely Victims of Connected World Order The unlikely victims of this interconnected world order seem to be far and wide. In countries elsewhere of Middle East- the tremors were felt in KOSPI index crash which is the Korean Stock Market index heavily influenced by Samsung and SK Hynix which manufacture RAM and power most of the AI infra that we see today and which was affected in response to Amazon Data Centers damaged in the war.\nThe other distant victim seems to be the sale of Indian Premium Spirits which have shown nearly flat sales growth even while the domestic market seems to flourish and preimmunize endlessly. While Indian travelers are increasing, a global downturn in discretionary spending at Western airports has stunted the international breakout of Indian luxury brands.\nThe Silver Lining The prospects of continuous and ongoing proxy as well as real wars have prompted some companies to onshore even in the face of FTA\u0026rsquo;s being signed, because let\u0026rsquo;s face it, in this fragile world, nothing is permanent. The biggest bet that I read of in recent times seems to be the inauguration of the INR 9,000 Cr. Jaguar Land Rover plant in Tamil Nadu by Tata Motors which is betting big on the Indian Market.\nConclusion The economy and the companies now have to move beyond operating efficiency towards optionality \u0026amp; trade offs. On-shoring, creating multiple sources and capacity plug ins will ultimately make it costlier for the consumer to buy all products in general. The increase in Oil prices with a war premium will surely cascade down to energy prices in EU and India further. The Indian economy\u0026rsquo;s era of low inflation and high growth rates will come into doubt, making it harder for the government to spend on Public Infrastructure as well as for RBI to support the already fragile rupee tumbling down against the dollar. May the guns fall silent, may we embark again on a journey of glorious peaceful growth.\n","permalink":"https://harshaljoshi.in/posts/2026-05-29-turmoiloil/","summary":"\u003cp\u003eThe Economic Survey of India 2025-26 presented on 29th Jan had highlighted how India\u0026rsquo;s GDP Growth can be hampered by a combination of elements like Financial Stress, trade frictions and geopolitical tensions. It stated how the world will be in constant state of turmoil and the key will be less about continuity but more about managed disorder.\u003c/p\u003e\n\u003cp\u003eLo and behold, just as one month passes by after the economic survey, we have countries in the Middle East scurrying to war. As India watches by, it brings nothing but more friction to an already dull investment climate.\u003c/p\u003e","title":"Is Turmoil the only Oil left for the Mechanics of Economy?"},{"content":"In the age of books and classics being converted into movies, it is common for people to come up with comparisons. A high handedness emerges from the book readers claiming deviation of the plot from the book and debate ensues. But in my case, it was not a comparison between a book and a film or series rather a comparison of reality and then experiencing the same while reading a book. The book was from a author who is well known to mix fact with fiction intricately and even this time he did not disappoint.\nDan Brown’s Origin set in Barcelona couldn\u0026rsquo;t land in my lap at a better time, thanks to a suggestion from an old friend. Travelers write about finding out intricate details about the place when they visit but for me I found some more wisdom reading the book. Like finding out from the book that the Barcelona Supercomputing Center is actually situated inside a church which I was not aware of actually being inside. Alas! Calls for more Situational Awareness it seems.\nThe books protagonist surely knows how to romanticize the Catalonian City. I could feel the nostalgia of our Grad Trip throbbing out of my being. Gaudi\u0026rsquo;s architectural wonder Sagrada Familia, Park Guell and Las Ramblas all came back to me. I remember seeing the towering Sagrada from the Bunkers where the view of the entire city is pure beauty against the backdrop of the setting sun. A spray painting on the bus stop near bunkers “Go Away Tourists” haunts me to this day that whether all these beautiful places, cities and natural wonders be destroyed by over-tourism. Will the already fragile European Economy reel under inflating house prices with house owners converting residences to AirBnbs, time will tell.\nComing back towards the bright side though, one more theme which is intricately weaved well in the book is the existence of God and the fundamental question of “Where did life come from and Where will life go”. An interesting thought was the theory proposed by Jeremy England that how we as organisms were an efficient means to increase the entropy or disorder in the surroundings as a whole trying to solve the theory of why there was an order brought in when the goal is to always increase the entropy of the universe.\nHopping on Science and Religion, I wander back to our stay there which was a good fifteen days of Adventure. The buses back and forth from hotels at St. Boi, metro trains, Gothic Quarters, the memories keep flooding. For us students, nearly all of them visiting any country outside India for the first time everything was photogenic and a memory. The trains running at 300 kmph to Madrid, the not so famous plaza or cathedral, all were tourist traps for us frankly. I am not much of a football fan but visiting Camp Nou too turned out to be quite exhilarating for me. To sit in dug outs frequented by Messi and Ronaldo, gosh that was too much for our Sports Frenzy minds. We ran on the Barcelona Beach all tummies showing the continuous attacks of bread, tomatoes and for some of them wine too. In Barcelona too we were not feeling alone since we had our friendly Pakistani neighbours marauding as Indians and trying to sell us Cigarettes Beer and in some cases even Indian food. A hiatus at the local club Pasha made us realize we Indians are still quite behind when it comes to the party scene. Frankly the better part was spending some time outside on the beach of the club with your loved ones before it became too overwhelming.\nKudos to our college for organizing a splendid treasure hunt on the first day ending with a dinner at a restaurant which was located on a century old train station which set our expectations high from the city of Barcelona.\nAll in all, the time spent with your friends and loved ones filled with wild adventures was the cheery on the cake. Was the getting together and then expending your energy walking 15k steps per day and enjoying to the fullest a tacit way of the universe to increase the entropy, only God knows. Guess we do serve a higher purpose for the universe, a thought which was heavily contradicted by us stealing (borrowing to eat) cups of flavoured yogurt daily from the hotel breakfast spread.\nOnwards and Upwards to more iconic cities around the World!!\n","permalink":"https://harshaljoshi.in/posts/2025-11-25-robertsbarcelona/","summary":"\u003cp\u003eIn the age of books and classics being converted into movies, it is common for people to come up with comparisons. A high handedness emerges from the book readers claiming deviation of the plot from the book and debate ensues. But in my case, it was not a comparison between a book and a film or series rather a comparison of reality and then experiencing the same while reading a book. The book was from a author who is well known to mix fact with fiction intricately and even this time he did not disappoint.\u003c/p\u003e","title":"Langdon's Barcelona"},{"content":"With the monetary policy committee (MPC) of RBI meeting between 4th to 6th August and a fresh wave of sanctions from Trump there is a lot of chatter on what stance would be taken going ahead. Even though there is a large focus on the repo rate changes which the central banks propose there are still very different tacit approaches by which the liquidity in economy is controlled. There are controls not only on the credit disbursed but where the credit is being disbursed.\nThis post is a short understanding of what part of equity and deposits the bank is able to lend out as loans and how different regulations reduce the available credit in the economy. This would be helpful to any one who is reading the financial statements of banks and trying to make sense of it.\nReserve Requirements First we will look at capital requirements which Banks have to keep to function under duress (that is in event of a bank run). In India this is in the form of -\nCash Reserve Ratio (CRR) — Banks must maintain a certain percentage of Net Demand and Time Liabilities (NDTL) with RBI in cash. This portion earns no interest and cannot be used for lending. As of today the CRR is 4.00%. Statutory Liquidity Ratio (SLR) — Banks need to maintain a certain percentage of NDTL in form of liquid assets like cash, gold and approved sovereign bonds. The amount held in sovereign bonds earns interest but is not available freely for lending. As of today SLR is 18.00%.\nEquity Capital Requirements The next form of capital which gets locked up for the bank is in the form of the Capital Adequacy Ratio (CAR) \u0026amp; Capital Conservation Buffer which is funds tied up for every 100 INR lent. CAR restricts the extent of lending relative to the banks capital base. This is part of the Basel forms put in force after the 2008 Financial crisis.\nCAR consists of Tier 1 + Tier 2 capital →\nTier 1 Capital — Core capital of bank, which is strongest buffer against losses. Consists of Paid up Equity Capital, Statutory Reserves, Retained Earnings \u0026amp; instruments as per RBI guidelines Perpetual non-cumulative preference shares \u0026amp; perpetual debt instruments. Tier 2 Capital — Secondary capital to absorb losses but is less permanent and lower in quality. Consists of Subordinated debt, General Provisions and Loan loss reserves. CAR = [Tier 1 Capital + Tier 2 Capital / Risk Weighted Assets (RWAs)] *100\nDifferent type of Assets or loans get different weights as per the risk they carry and is also pre-decided by RBI.\n0%: Cash, government securities. 50%: Housing loans (Loan To Value Ratio \u0026lt;= 75%). 75%: Housing loans (Loan To Value Ratio \u0026lt;= 75% and above Rs.30 lakh). 100%: Business loans, some NBFC loans (depending on rating), and some microfinance loans (depending on whether they are considered consumer credit). 125%: Unsecured retail loans, some microfinance loans (depending on whether they are considered consumer credit), and some NBFC loans (depending on rating). 150%: Some NBFC loans (depending on rating) and credit card receivables It is difficult for the bank now to give more unsecured retail loans and credit card receivables which RBI observed were increasing very rapidly and can cause the people to get in a debt trap.\nCET 1 is a subset of Tier 1 capital and is of the highest quality which means it does not even include the perpetual shares and debt.\nCET 1 Ratio = [CET 1 Capital / RWAs]*100\nThis forms a part of the total CAR.\nCapital Conservation Buffer (CCB) -\nAs per RBI \u0026amp; Basel 3 norms, these are the required capital buffers →\nCapital Requirements\nThe last but not the least is the Leverage Ratio which measures the bank’s core capital (Tier 1) against its total exposure without risk weighting.\nLeverage Ratio = [Tier 1 Capital/ Total Exposure]*100\nTotal Exposure includes both on-balance sheet exposures- loans, investments and advances.\nOff-balance exposures — Letters of credit, guarantees, derivatives exposure.\nUnder Basel 3- 3% globally while RBI generally requires ~4.5% for Indian Banks.\nLiquidity Requirements All the topics covered were the basics but there are some other liquidity requirements which are necessary for banks to maintain.\nLiquidity Coverage Ratio (LCR) — It is a Basel 3 requirement which makes a bank to hold a sufficient stock of High Quality Liquid Assets (HQLAs) to cover net cash outflows for 30 days under a stressed scenario.\nLCR = [Stock of High Quality Liquid Assets (HQLAs) / Total Net Cash Outflows over 30 days]*100\nHQLAs can be easily and immediately converted into cash with little/no loss of value like Cash Balances with RBI, Govt. Securities.\nTotal Net Cash Outflows (30 days) = Expected Cash Outflows- Expected Cash Inflows\nOutflows: Withdrawals of deposits, drawdowns of credit lines.\nInflows: Loan repayments, maturing investments (up to a cap of 75% of outflows).\nUnder Basel 3- Banks required to maintain LCR \u0026gt;=100%\nLCR ensures banks do not over leverage as the loans given out by banks are long term while CASA (Current Account- Savings Account) deposits can be short term with immediate requirements arising from the vast number of depositors.\nNet Stable Funding Ratio (NSFR) — Requires banks to maintain stable funding profile in relation to the composition of their assets and off-balance sheet activities over one year horizon.\nNSFR = [ (Available Stable Funding- ASF)/ (Required Stable Funding- RSF)]*100\nKey Components of ASF — Funding sources expected to be reliable over the one-year horizon like Regulatory Capital (equity, Tier 1 and Tier 2 Capital), Long term deposits and long term borrowings with maturity greater than 1 year.\nKey Components of RSF — Determined by liquidity characteristics \u0026amp; residual maturities of the bank’s assets and off balance sheet exposures. Assets are weighted according to their liquidity like Cash (0% weightage), Loan to retail customers (85% weightage) while Long term corporate loans (100% weightage).\nNSFR should be \u0026gt;= 100% under Basel 3. This ensures banks have sufficient stable funding to support their long-term illiquid assets and activities.\nSummary To lend INR 100 →\nEquity Requirement (Own Capital Required) — CAR+CCB — 11.5% of 100 = 11.50\nReserve Requirements (RBI) — Certain % of NDTL set aside- CRR + SLR — 4.5% + 18% = 22.5% of NDTL. To actually asses NDTL present with bank, we need to check the Credit to Deposit ratio which can be around 75% for healthy banks. So for lending 100, 133.33 would be required.\nSo reserve requirements = 22.5% of 133.33 = 30 INR\nHence to lend INR 100 — Nearly 30 INR is locked in reserves and additional equity of 11.50 needs to be raised.\nFurther understanding can be built by reading the Annual Reports of Banks which disclose all the above requirements plus additional reserves banks keep for prudency and fiscal health.\nI will also write more on the P\u0026amp;L of a bank and the provisions created by the bank and the history behind the large NPAs which used to pull our banks in the previous decade in the upcoming articles.\n","permalink":"https://harshaljoshi.in/posts/2025-11-25-bankingfunnel/","summary":"\u003cp\u003eWith the monetary policy committee (MPC) of RBI meeting between 4th to 6th August and a fresh wave of sanctions from Trump there is a lot of chatter on what stance would be taken going ahead. Even though there is a large focus on the repo rate changes which the central banks propose there are still very different tacit approaches by which the liquidity in economy is controlled. There are controls not only on the credit disbursed but where the credit is being disbursed.\u003c/p\u003e","title":"The Banking Funnel"},{"content":"The first thing after reading this title that I wrote was why I am using a fancy word for walking leisurely. But alas I\u0026rsquo;m too engrossed in romanticizing walking as do people to running. I came across this word first reading about Aristotle and his “School of Peripatetics” which was his way of bringing clarity to thoughts while walking. He used to teach while walking and run thought experiments. But I\u0026rsquo;m not always thinking about such critical things while walking and hence I stuck upon Saunter which is more like wandering without any aim. For me this is the time actually where I\u0026rsquo;m thinking so much on so many things that I pick up random rabbit holes of knowledge, end up reading too much enough to conclude that there is so much more to that topic and the cycle continues.\nPre-MBA and before corporate life started I used to see walking not in such good light. But in moments of stress and frenzy my walk in the campus all but cleared my anxiety. Walking around the Bhavan\u0026rsquo;s lake was so therapeutic. Even under the sound of a hundred crickets and cacophony of frogs there was a lingering silence. As time passed by I found this to be so much joyful in my residential society too. Late at night when normal office going people had dozed off a stroll around is my definition of peace. I had always tried to stay away from that iconic pose all our father\u0026rsquo;s tend to make with their hands stretched back, the tummy protruding outwards and a slight comfort in the spine to walk around. Here I am though doing the same, understanding more than ever why the walk he takes is necessary just to calm our nerves, escape the dilly dally ways of the world and connect with oneself.\n","permalink":"https://harshaljoshi.in/posts/2025-11-24-saunter/","summary":"\u003cp\u003eThe first thing after reading this title that I wrote was why I am using a fancy word for walking leisurely. But alas I\u0026rsquo;m too engrossed in romanticizing walking as do people to running. I came across this word first reading about Aristotle and his “School of Peripatetics” which was his way of bringing clarity to thoughts while walking. He used to teach while walking and run thought experiments. But I\u0026rsquo;m not always thinking about such critical things while walking and hence I stuck upon Saunter which is more like wandering without any aim. For me this is the time actually where I\u0026rsquo;m thinking so much on so many things that I pick up random rabbit holes of knowledge, end up reading too much enough to conclude that there is so much more to that topic and the cycle continues.\u003c/p\u003e","title":"To Saunter or Not to"},{"content":"Hola!! I’m Harshal Joshi, a lifelong learner with a strong interest in understanding finance, businesses, markets, and systems from first principles.\nOver time, my curiosity has expanded beyond textbooks and models into building a deeper, long-term understanding of how industries evolve, how capital is allocated, and how technology reshapes markets.\nMy primary interests lie at the intersection of Banking \u0026amp; Financial Services, Technology, Clean Energy, and Consumer businesses. I enjoy breaking down complex topics—whether it’s a bank’s balance sheet, a business model, or a macro trend—into simple, intuitive ideas. Reading and connecting ideas across domains are central to how I learn.\nThis website is a personal knowledge base and portfolio.\nIt’s where I document:\nDeep dives into finance, public markets and business concepts\nNotes and insights from books and podcasts\nExplorations across technology, energy, and life beyond work\nI believe good thinking compounds. By writing regularly and revisiting ideas, I aim to sharpen my understanding and share perspectives that are clear, honest, and grounded in fundamentals.\nWhen I’m not reading or writing, you’ll usually find me exploring new topics, traveling, or staying active—cycling \u0026amp; playing tennis.\n","permalink":"https://harshaljoshi.in/about/","summary":"about","title":"About"},{"content":"Since 2010, I’ve written nine books about startups, venture capital, and the community and life around them. I read a lot and list everything I’ve read on Goodreads. I also write book reviews on my blog, and everything is on my Amazon author page.\nBooks on Finance Too Big to Fail NEW The Inside Story of How Wall Street Fought Ideapress Publishing · Andrew Ross Sorkin · 2025 The philosophy behind every great startup community — giving without expecting anything back, and how it makes you a better mentor and leader. On Goodreads Venture Deals Be Smarter Than Your Lawyer and Venture Capitalist Wiley · with Jason Mendelson · 4th edition · 2019 How venture capital deals really come together — the term-sheet classic a generation of founders learned from. Buy on Amazon Venture Deals Be Smarter Than Your Lawyer and Venture Capitalist Wiley · with Jason Mendelson · 4th edition · 2019 How venture capital deals really come together — the term-sheet classic a generation of founders learned from. Buy on Amazon Venture Deals Be Smarter Than Your Lawyer and Venture Capitalist Wiley · with Jason Mendelson · 4th edition · 2019 How venture capital deals really come together — the term-sheet classic a generation of founders learned from. Buy on Amazon Books on Economics Too Big to Fail NEW The Inside Story of How Wall Street Fought Ideapress Publishing · Andrew Ross Sorkin · 2025 The philosophy behind every great startup community — giving without expecting anything back, and how it makes you a better mentor and leader. On Goodreads Venture Deals Be Smarter Than Your Lawyer and Venture Capitalist Wiley · with Jason Mendelson · 4th edition · 2019 How venture capital deals really come together — the term-sheet classic a generation of founders learned from. Buy on Amazon Venture Deals Be Smarter Than Your Lawyer and Venture Capitalist Wiley · with Jason Mendelson · 4th edition · 2019 How venture capital deals really come together — the term-sheet classic a generation of founders learned from. Buy on Amazon Venture Deals Be Smarter Than Your Lawyer and Venture Capitalist Wiley · with Jason Mendelson · 4th edition · 2019 How venture capital deals really come together — the term-sheet classic a generation of founders learned from. Buy on Amazon The Startup Series ","permalink":"https://harshaljoshi.in/books/","summary":"\u003cp\u003eSince 2010, I’ve written nine books about startups, venture capital, and the community and life around them. I read a lot and \u003ca href=\"#\"\u003elist everything I’ve read on Goodreads\u003c/a\u003e. I also write \u003ca href=\"#\"\u003ebook reviews on my blog\u003c/a\u003e, and everything is on my \u003ca href=\"#\"\u003eAmazon author page\u003c/a\u003e.\u003c/p\u003e\n\u003ch1 id=\"books-on-finance\"\u003eBooks on Finance\u003c/h1\u003e\n\u003cdiv class=\"book-grid\"\u003e\n  \u003c!-- Card 1 --\u003e\n  \u003cdiv class=\"book-card\"\u003e\n    \u003cdiv class=\"book-cover\"\u003e\n      \u003cimg src=\"/images/toobigtofail.jpg\" alt=\"Too Big to Fail\"\u003e\n    \u003c/div\u003e\n    \u003cdiv class=\"book-info\"\u003e\n      \u003cdiv class=\"book-title\"\u003eToo Big to Fail \u003cspan class=\"book-badge\"\u003eNEW\u003c/span\u003e\u003c/div\u003e\n      \u003cdiv class=\"book-subtitle\"\u003eThe Inside Story of How Wall Street Fought\u003c/div\u003e\n      \u003cdiv class=\"book-meta\"\u003eIdeapress Publishing · Andrew Ross Sorkin · 2025\u003c/div\u003e\n      \u003cdiv class=\"book-desc\"\u003eThe philosophy behind every great startup community — giving without expecting anything back, and how it makes you a better mentor and leader.\u003c/div\u003e\n      \u003ca href=\"https://goodreads.com/book/show/6687247.Too_Big_to_Fail_The_Inside_Story_of_How_Wall_Street_and_Washington_Fought_to_Save_the_Financial_System_from_Crisis___and_Themselves\" class=\"book-btn\"\u003eOn Goodreads\u003c/a\u003e\n    \u003c/div\u003e\n  \u003c/div\u003e\n  \u003c!-- Card 2 --\u003e\n  \u003cdiv class=\"book-card\"\u003e\n    \u003cdiv class=\"book-cover\"\u003e\n      \u003cimg src=\"/images/venture-deals.jpg\" alt=\"Venture Deals Book Cover\"\u003e\n    \u003c/div\u003e\n    \u003cdiv class=\"book-info\"\u003e\n      \u003cdiv class=\"book-title\"\u003eVenture Deals\u003c/div\u003e\n      \u003cdiv class=\"book-subtitle\"\u003eBe Smarter Than Your Lawyer and Venture Capitalist\u003c/div\u003e\n      \u003cdiv class=\"book-meta\"\u003eWiley · with Jason Mendelson · 4th edition · 2019\u003c/div\u003e\n      \u003cdiv class=\"book-desc\"\u003eHow venture capital deals really come together — the term-sheet classic a generation of founders learned from.\u003c/div\u003e\n      \u003ca href=\"#\" class=\"book-btn\"\u003eBuy on Amazon\u003c/a\u003e\n    \u003c/div\u003e\n  \u003c/div\u003e\n  \u003c!-- Card 3 --\u003e\n  \u003cdiv class=\"book-card\"\u003e\n    \u003cdiv class=\"book-cover\"\u003e\n      \u003cimg src=\"/images/venture-deals.jpg\" alt=\"Venture Deals Book Cover\"\u003e\n    \u003c/div\u003e\n    \u003cdiv class=\"book-info\"\u003e\n      \u003cdiv class=\"book-title\"\u003eVenture Deals\u003c/div\u003e\n      \u003cdiv class=\"book-subtitle\"\u003eBe Smarter Than Your Lawyer and Venture Capitalist\u003c/div\u003e\n      \u003cdiv class=\"book-meta\"\u003eWiley · with Jason Mendelson · 4th edition · 2019\u003c/div\u003e\n      \u003cdiv class=\"book-desc\"\u003eHow venture capital deals really come together — the term-sheet classic a generation of founders learned from.\u003c/div\u003e\n      \u003ca href=\"#\" class=\"book-btn\"\u003eBuy on Amazon\u003c/a\u003e\n    \u003c/div\u003e\n  \u003c/div\u003e\n  \u003c!-- Card 4 --\u003e\n  \u003cdiv class=\"book-card\"\u003e\n    \u003cdiv class=\"book-cover\"\u003e\n      \u003cimg src=\"/images/venture-deals.jpg\" alt=\"Venture Deals Book Cover\"\u003e\n    \u003c/div\u003e\n    \u003cdiv class=\"book-info\"\u003e\n      \u003cdiv class=\"book-title\"\u003eVenture Deals\u003c/div\u003e\n      \u003cdiv class=\"book-subtitle\"\u003eBe Smarter Than Your Lawyer and Venture Capitalist\u003c/div\u003e\n      \u003cdiv class=\"book-meta\"\u003eWiley · with Jason Mendelson · 4th edition · 2019\u003c/div\u003e\n      \u003cdiv class=\"book-desc\"\u003eHow venture capital deals really come together — the term-sheet classic a generation of founders learned from.\u003c/div\u003e\n      \u003ca href=\"#\" class=\"book-btn\"\u003eBuy on Amazon\u003c/a\u003e\n    \u003c/div\u003e\n  \u003c/div\u003e\n\u003c/div\u003e\n\u003ch1 id=\"books-on-economics\"\u003eBooks on Economics\u003c/h1\u003e\n\u003cdiv class=\"book-grid\"\u003e\n  \u003c!-- Card 1 --\u003e\n  \u003cdiv class=\"book-card\"\u003e\n    \u003cdiv class=\"book-cover\"\u003e\n      \u003cimg src=\"/images/toobigtofail.jpg\" alt=\"Too Big to Fail\"\u003e\n    \u003c/div\u003e\n    \u003cdiv class=\"book-info\"\u003e\n      \u003cdiv class=\"book-title\"\u003eToo Big to Fail \u003cspan class=\"book-badge\"\u003eNEW\u003c/span\u003e\u003c/div\u003e\n      \u003cdiv class=\"book-subtitle\"\u003eThe Inside Story of How Wall Street Fought\u003c/div\u003e\n      \u003cdiv class=\"book-meta\"\u003eIdeapress Publishing · Andrew Ross Sorkin · 2025\u003c/div\u003e\n      \u003cdiv class=\"book-desc\"\u003eThe philosophy behind every great startup community — giving without expecting anything back, and how it makes you a better mentor and leader.\u003c/div\u003e\n      \u003ca href=\"https://goodreads.com/book/show/6687247.Too_Big_to_Fail_The_Inside_Story_of_How_Wall_Street_and_Washington_Fought_to_Save_the_Financial_System_from_Crisis___and_Themselves\" class=\"book-btn\"\u003eOn Goodreads\u003c/a\u003e\n    \u003c/div\u003e\n  \u003c/div\u003e\n  \u003c!-- Card 2 --\u003e\n  \u003cdiv class=\"book-card\"\u003e\n    \u003cdiv class=\"book-cover\"\u003e\n      \u003cimg src=\"/images/venture-deals.jpg\" alt=\"Venture Deals Book Cover\"\u003e\n    \u003c/div\u003e\n    \u003cdiv class=\"book-info\"\u003e\n      \u003cdiv class=\"book-title\"\u003eVenture Deals\u003c/div\u003e\n      \u003cdiv class=\"book-subtitle\"\u003eBe Smarter Than Your Lawyer and Venture Capitalist\u003c/div\u003e\n      \u003cdiv class=\"book-meta\"\u003eWiley · with Jason Mendelson · 4th edition · 2019\u003c/div\u003e\n      \u003cdiv class=\"book-desc\"\u003eHow venture capital deals really come together — the term-sheet classic a generation of founders learned from.\u003c/div\u003e\n      \u003ca href=\"#\" class=\"book-btn\"\u003eBuy on Amazon\u003c/a\u003e\n    \u003c/div\u003e\n  \u003c/div\u003e\n  \u003c!-- Card 3 --\u003e\n  \u003cdiv class=\"book-card\"\u003e\n    \u003cdiv class=\"book-cover\"\u003e\n      \u003cimg src=\"/images/venture-deals.jpg\" alt=\"Venture Deals Book Cover\"\u003e\n    \u003c/div\u003e\n    \u003cdiv class=\"book-info\"\u003e\n      \u003cdiv class=\"book-title\"\u003eVenture Deals\u003c/div\u003e\n      \u003cdiv class=\"book-subtitle\"\u003eBe Smarter Than Your Lawyer and Venture Capitalist\u003c/div\u003e\n      \u003cdiv class=\"book-meta\"\u003eWiley · with Jason Mendelson · 4th edition · 2019\u003c/div\u003e\n      \u003cdiv class=\"book-desc\"\u003eHow venture capital deals really come together — the term-sheet classic a generation of founders learned from.\u003c/div\u003e\n      \u003ca href=\"#\" class=\"book-btn\"\u003eBuy on Amazon\u003c/a\u003e\n    \u003c/div\u003e\n  \u003c/div\u003e\n  \u003c!-- Card 4 --\u003e\n  \u003cdiv class=\"book-card\"\u003e\n    \u003cdiv class=\"book-cover\"\u003e\n      \u003cimg src=\"/images/venture-deals.jpg\" alt=\"Venture Deals Book Cover\"\u003e\n    \u003c/div\u003e\n    \u003cdiv class=\"book-info\"\u003e\n      \u003cdiv class=\"book-title\"\u003eVenture Deals\u003c/div\u003e\n      \u003cdiv class=\"book-subtitle\"\u003eBe Smarter Than Your Lawyer and Venture Capitalist\u003c/div\u003e\n      \u003cdiv class=\"book-meta\"\u003eWiley · with Jason Mendelson · 4th edition · 2019\u003c/div\u003e\n      \u003cdiv class=\"book-desc\"\u003eHow venture capital deals really come together — the term-sheet classic a generation of founders learned from.\u003c/div\u003e\n      \u003ca href=\"#\" class=\"book-btn\"\u003eBuy on Amazon\u003c/a\u003e\n    \u003c/div\u003e\n  \u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class=\"series-header\"\u003eThe Startup Series\u003c/div\u003e\n\u003cdiv class=\"series-grid\"\u003e\n  \u003cimg src=\"/images/startup-communities.jpg\" alt=\"Startup Communities\"\u003e\n  \u003cimg src=\"/images/startup-community-way.jpg\" alt=\"The Startup Community Way\"\u003e\n  \u003cimg src=\"/images/startup-boards.jpg\" alt=\"Startup Boards\"\u003e\n  \u003cimg src=\"/images/startup-opportunities.jpg\" alt=\"Startup Opportunities\"\u003e\n  \u003cimg src=\"/images/startup-life.jpg\" alt=\"Startup Life\"\u003e\n\u003c/div\u003e","title":"Books"},{"content":"","permalink":"https://harshaljoshi.in/projects/","summary":"projects","title":"Projects"}]