It feels like a trend now...CEOs/founders of profitable startups are making BANK. Just look at Zerodha

Unlike many times dick and harry startup founders who have gone crazy chasing Unicorn and decacorn tag with no numbers to back up the claim

I have been following the Indian startup scene for a while now, and I have to say that I am not impressed. It seems like most of the startups here are nothing more than people chasing quick bucks and the entire scene is a circlejerk of people doing everything, attending these stupid conferences and gatherings than actually building something game-changing. Every founder is chasing nothing more than a valuation just so they can exit and there’s nothing wrong with it but don’t sit on a moral high ground talking about building business etc. There’s a reason we don’t see startups here penetrating west because most of the founders in the Indian ecosystem reek of ego and it’s all because we don’t judge business on merit but based on the degree the founders have. We all can count stupid startups draining money all because they are from some IIT or IIM or now some fancy degree from Ivy and yes it takes effort and hard work to reach there. Still, it automatically doesn’t translate to you naturally being better than a guy working his ass off to make up that difference. Also, just because you used your dad’s money to start a 'Venture Firm or be an angel investor after college doesn’t mean you’re an expert at everything. You’re just adding to the noise and the hype that is already too much in this space. You’re not helping anyone but yourself and your ego. So a friendly reminder can we all actually focus on building things based on hard work and merit instead of glorifying this circlejerk. Can we stop being obsessed with funding rounds and valuations and start being obsessed with solving real problems and creating value for customers and society? Can we stop being influenced by the media and the hype and start being influenced by the data and the feedback? Can we stop being part of the problem and start being part of the solution?

It's important to remember that Kamath isn't the sole investor in Third Wave. Several other prominent figures/ VC's are involved, and focusing solely on him paints an incomplete picture of the company's ownership. While Kamath's association with Third Wave is significant, it's important to remember the broader context of the layoffs and avoid attributing sole responsibility to one individual. Is being famous a curse in India?

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

- The rise in market cap of companies like Zomato, Policybazaar, and MamaEarth has paved a promising path for Indian startups aiming to go public. - Zomato co-founder Deepinder Goyal recently joined the billionaire club as his company's market cap crossed Rs 2,00,000 crore ($24 billion). - Nykaa’s Falguni Nayar and her family hold over 50% of the company, with a collective worth of over $3.25 billion. - Veteran entrepreneur Sanjeev Bikhchandani's shares via Info Edge are valued at $3.24 billion, making him a significant player. - Despite challenges, founders like Paytm’s Vijay Shekhar Sharma and PolicyBazaar’s Alok Bansal continue to hold substantial stock values, highlighting the lucrative potential of Indian startups. Source: Entrackr - tinyurl.com/2do9kuy3

Any PM or Dev from Navi here!! I just saw it’s Glassdoor rating is 2.1,is it that bad?

The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great. India on the other hand is poised to become a great multi-trillion $ economy. Onto something huge. We're talking like 10x growth of the economy here. Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years. Be the capitalist, take the risks, make bets, work and stack up promotions and money. Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.

1 year back all startups were losing money like crazy while all of a sudden everyone from Swiggy to Meesho to Unacademy are profitable or EBITDA positive. Other companies which were profitable earlier have not shown a spike in profit. Were these companies uselessly burning money earlier if they can just suddenly become profitable in 6-8 months