Alpha Wave Global to stop startup investments in India 🚨

Very well captured @Goddess Alpha Wave has made some really questionable investments in the height of 2021, 2022. It was tough to understand at some points, why in the right mind they'd be doing it. Someone should speak up for sure... Stuff like this really damages the entire ecosystem. Good riddance.

It’s not good riddance. Raita abhi failega. They are going to just pull the rug out from some of the startup’s that they invested after becoming alpha wave. It will be very tough for them to survive. But, the startup’s are not entirely blameless because they also did very questionable decisions and practices. I am glad for them to leave but very upset about how many more folks will loose jobs.

@TheOatmeal They've had some really screwed up investments They ended up investing heavily in startups businesses that were models of the past. They behaved a bit like Tiger at one point in 2021, 2022; no deep valuations... It's a people problem, this is not a reflection of the startup opportunity in India.

Absolutely. If you remember, Tiger actually very quickly changed their tactics and got their acts right. But alpha did not. Yes, it is definitely a people related problem and not startup ecosystem. Alpha should always be remembered as the one who churned the ocean with their ghisa pita extremely dated management attitude and shamelessly using “alpha” level personality traits. Some insecure leader was truly living out his “I am alpha and this is how alpha works” fantasy. They are unbelievable snobs, cringe levels and just not humble. Btw @WittyFeed - you sure the news is about alpha wave? Nikhil has not confirmed or called out a name.

Who is this main GP? Is it NU? More details please on the reputation you're talking about?

Was surprised at some of their portfolio companies. Not bcos alpha invested, but how did these companies take the money from alpha even after their reputation is so well known. They are going to be come back to these companies and drill down the worse way to get their revenue back. Unlike some of the other guys, alpha will not write off. They will total nichodify now. Feel a bit bad for the company founders.

where's the link of the article? I'll give you the free link

Just replace https with 12ft.io/ in the article's URL