According to him we shouldn't care about money
If he gives me ESOPs worth the CEO's shares then sure I would have an entrepreneurial mindset.
BiryaniEnthu
Stealth
3 months ago
Putting Zypp Electric in Never Apply list
AnonymousActivist
Stealth
3 months ago
The biggest issue with startup founders : They expect their employees to work like a founder or CEO. At the end of the day, no matter how sincere the employee is, they are working for the pay check.
samosa
Stealth
3 months ago
a candidate can have expectations but a company can't ?
He is being upfront and honest about it, show me how many other companies have the guts to talk about money like this?
samosa
Stealth
3 months ago
not everyone is made for startup culture, if you don't fit, don't join, simple
The problem is the way he is trying to portray company. Sabhi kabhi companies15-30% hi deti hai. You think companies are giving 50-100% hike? Kaun de raha hai bhai. Bahut rare hota hai, unless you prove yourself exceptionally well or switch your domain. Content se PM role mein switch marlo. Dekho kaise deti hai company.
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SabChangaSi
Stealth
3 months ago
Very different scenarios. Narayan Murthy built a 100 billion dollar company and can safely say these things.
I agree. I meant more on the lines of the benchmark being created wrt employees giving everything to the company.
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Dinosaur89
Stealth
3 months ago
The clown got bashed good in the comments and just reduced his talent pool by half.
I wish more founders would post such shit to expose themselves and save us the trouble of applying to their companies.
Bc kaunsa CEO apne bio mein followers flex krta hai 😂😂😂.His bio includes ‘160000 followers’
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MaddDogg
Stealth
3 months ago
"It tells me that they are in it just for the money", Bhai ye army ka bharti karwa Raha hai kya with such statements?
you should have a criteria how long the employee was in the previous org before concluding they are money oriented foe asking 50 to 100% hike..
for a candidate switching org within 1 or 2 years and asking for 100% hike and u reject makes sense..
Apart from a few core people, everyone joining your company is looking to gain either money or experience to start something of their own. They will leave eventually, and there's nothing wrong with that. Every founder should understand this, or else you'll never be able to work with smart people.
I'm okay with his stance but he should also be okay with the candidate's stance. Why is the founder discussing these? The HR should have cleared these out with the candidate beforehand only.
D0nkey05
Stealth
3 months ago
I'm sure he uses monopoly cash to pay his employees. And as some have commented that he's being upfront, why not mention this in the JD itself? "Only willing to offer a max 15% hike".
The problem is that people use negative press for viewership and end up saying hogwash.
I hate these entrepreneurs who expects people to put their vision over money.
- If you need quality people you gotta pay for their time and efforts.
- When you want people to share the similar vision and pay them in esops, do you ask for their opinion when building a new product or taking a business decision.
- Your potential business decision can bring down the company, and even if that person worked hard will get nothing in the end.
I am ready to work for ESPOS.
What about the case when startup fails or the business didn’t grew as expected?
The ceo, investors and stakeholders cash in their massive stock piles and get millions in returns.
For employees its mass layoffs. In media they will say that its a restructuring exercise.
Encountered a recent company -
Looking for MBA with 3 yoe for the role where a non MBA 2 yoe is already working. I have 3 yoe non MBA - rejected with the reason that you may leave us in a few years 😂😂
PhonePe
They know very well it’s worthless to anyone other than them. Most startup’s that are planning to go public usually conduct layoffs just before to reduce the esop pool (Swiggy and Zomato did this).
And also he didn’t buy back so the employees get more money. He did it so he had more stock to negotiate with for asking for investment
Never take anything these lying CEOs say at face value. A lot of these shark tank entrepreneurs are big liars. Intervue is another example.
DirtyThesis0
Student
3 months ago
"Recently, in the last buyback.... made over a crore"
Why are not sufficient people roasting this clown in comment section in LinkedIn.
Employees such companies should work and never publish it then when the founder buys back the ESOPs, the work will be delivered. Fair is fair.
Promise of work for promise of equity.
mangoman
Stealth
3 months ago
Bro, I’ve been around a while so let me translate this for you: “I don’t know what I’m doing, I can’t say I can compensate competitively, anyone joining me probably has nothing better to do, and my employees must be ready to be anxious the whole time.”
