CRO to exit. What next?

What does it mean for employees if CRO of a listed company sold major chunk of their shares and is looking to exit? Should we start looking for new gigs?

A lot of people at Unacademy have already resigned, and they are unable to hire replacements from the market( for who knows what reasons). Now as we all know people who are left in the organisation are going to have a tough time. Leaves not being approved, longer hours at work, mental harassment in the name of being available 24*7 is becoming a day to day thing. Now they are forcing people to take up sections of business one has never dealt with and are threatening to fire them if they are denying those roles. People who left the organisation in 2022 are the luckiest and well a bunch of well informed individuals who saw the end of this company before anyone else could have. What a time to be in edtech, indeed

Any tea or news about what’s happening at Apna?

I have see many lists of places to work at. Let’s create a list of companies not to work at. Please post the company name and the experience of working their.

The work hours are catching on, don't want to do 70hrs+ weeks. The promotion at 2 yr mark is also difficult (over hiring in our batch, not enough demand + not exceptional performance at my end). Doesn't make sense to stick around for another year at current comp and workload What are some exit options in the current market? How should I think about evaluating the career move

I have left company i own around equivalent to approx 6k equity shares. Have not excecised yet. Any possibility to convert esops to cash

Some thing good in startup ecosystummm! https://startupstorymedia.com/insights-cardekho-group-announces-5-million-esop-liquidity-buyback-reports-strong-growth-in-fy23/

Truths about ESOP 101 After working in multiple fast growth startup’s and having been part of multiple buybacks as well as being in the startup ecosystem for a decade I want to put to bear my pov about creating wealth through ESOP. Like any other randomised event, ESOP also follows Pareto principle which means a very small number of people within the company ever make sizable wealth that they elevate to the top 0.1% of the country. The Pareto also applies with companies; significantly small minority of companies in India have employee friendly policies which enables an employee to create wealth. Most startup’s have dark patterns within their esop policy which either locks you in for insufferable durations or forces you to pay exorbitant taxes to gain the right to exercise your esops when you are leaving the company. Survivorship bias plays a huge role in enabling the narrative that esop is a great wealth generating tool leading to rude awakening for an employee after they join a company. This doesn’t mean you can’t make wealth, it just means don’t get carried away by narratives and take preventable errors in your career. Always talk to multiple people in startup’s and ask relevant questions to understand esop policies better. Like everything else optimising only for esop for wealth creation will mostly not result in it.

Hey Fellas ! I am working at Flipkart in a business role (Cat Management ) . Recently have been offered a position at cred with good pay. Take it or leave it ? Thoughts on wlb and stability ?