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Any thoughts on this. Why do Founders always portray themselves as superheroes? Is normal job only meant for peasants like us?

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CrazyBarra

Apple

a year ago

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Ashneer

CricPe

a year ago

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CrazyBarra

Apple

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ElonTusk

Startup

a year ago

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FancyChino64

Stealth

a year ago

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ElonTusk

Startup

a year ago

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Smartfella

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MetalMan20

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holdencaulfield

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yals

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BugsCreator007

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foxconn

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itzprobablyme

Google

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Indian Startups on

by boredcorporate

Others

Startup founders are mafia bosses!

Most startupā€™s are not founded with great altruistic purpose to elevate human condition. Most startupā€™s are founded where founders know they can make money or earn status points through little schemes of leveraging their network of investors. Most of them know they can earn more income by just raising some money from friends or VCs. Build a small tech tool and burn through money trying to acquire and retain customers. All this while hiring 100s of employees selling false narratives. What bugs me the most isnā€™t the thousands of people getting laid off, salary corrections or bankruptcies, it is the mafiaesque organisation built to ā€œcreate wealth for some by exploitation of countless othersā€ Most startup founders use brute force of content and media coupled with ignorance of people to perpetuate this cycle. Itā€™s the virtue signalling and holier than thou attitude of most founders and VCs justifying all their mindless brutality in the name of strategy and growth which destroys aspirations and outcomes for the many. Itā€™s more relevant in India because of large scale ignorance about money and large scale trust on educated individuals with the right college tags! If you have seen sopranos, most founders are like Anthony soprano - summarily violent, manipulative and ruthless behaviour primarily driven by selfish greed but juxtaposed with moments of vulnerability and struggle justifying his action with a facade of providing for his family. *Replace Anthony soprano with your founder/ceo name* 1. VSS was playing fast and lose with rbi regulations resulting in stock crash and layoffs 2. Byjuā€™s systematically destroyed his own company and wealth of his employees just to ensure he retains majority control 3. Ashneer G and his wife manipulated company books 4. Zerodha founders cheated in chess match or lied about their system failures which lost a lot of capital PS: I refer to most founders because there are few exceptions who donā€™t fit into this narrative.

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Indian Startups on

by RealGenZ

Stealth

People way overestimate the life of founders

IIT grad here building a venture backed startup. I think 99% of folks here believe that venture backed founders are super entitled and in a much "cosier" position than employees Just sharing a few facts about our journey so far if it helps anyone improve their perspectives- 1) Paying ourselves 33% of our campus salary & 60% of what we are paying to our employees (Talking about Pure Base Salary here, not including ESOPs) 2) Insane stress - You basically have to raise money to build (esp if its deeptech because of the high fixed costs) and there are predefined metrics you have to always chase, sometimes just beyond yourselves. Your product will be copied if it's good because well, they always have more money than you. You work 7 days a week for insane hours, chasing metrics required to be "afloat" 3) 99% of venture backed startups result in 0 liquidity gain for founders. So basically in all likeliness, everything is for a net negative return compared to if we took the campus job So, when you wholeheartedly bash founders as if they are sitting On a goldmine while you are toiling for THEIR gold Treasure, just understand that more likely than not, there is not really any gold but rather an irrational hope they are clinging to Also, Yes-we pay above market to our employees (100% hike for the last one) but the truth is some startups just Can't afford it. And ironically, there is a much higher looking down on these startups with meagurely paid founders rather than giants like Tech Mahindra paying peanuts to their employees while having a 1000% salary hike for the executives. Yeah, most startups need to do better but please appreciate if someone is atleast trying to do better because trust me, it's INSANELY HARD.. The number of posts I see about Flipkart making hundreds millionaires is way too less than the ones I see about pinpointing at every single mistake early stage startups do & I just wanted to express my opinion on it Peace!