Business Analyst

This is what happens during growth phase at any startup. Look at it as an opportunity to learn and build things

Recruiter

Customer Success

Every large startup has to go through this phase. The only way they attract the best talent is by offering "astro"nomical salaries. When they need to do margin expansion before IPO they will lay off. If you're offered this salary, you need to be prepared to jump soon.

Product Owner

Astrotalk got funding and now they started increasing their team size, and giving good packages to all new hiring and very soon when winter funding come they will start laying down same employees w...

Welcome to Indian Startups's Private Community

Astrotalk got funding and now they started increasing their team size, and giving good packages to all new hiring and very soon when winter funding come they will start laying down same employees without giving second thought… what your take in it suggest

Astrotalk

Project Manager

Astrotalk- Grapevine

Welcome to Product Managers's Private Community

PM's @astrotalk - Relationshit problem  persona seems not good enough from TAM perspective ,so let's delve to job seekers also. Now you know when you will get hikes and promotion before hand

Astrotalk delving new persona discovery

Associate Product Manager

First, how is a BNPL company surviving?
They are hiring.
How is the culture there? Anyone knows?

How is SIMPL ?

Product Manager

I recently interviewed at an MNC and my interviews went great. They also gave a case study.
At the time of final negotiation for salary, i asked for standard 40-45% hike. However they took some time and came back with an offer of almost 95%-100% and literally more than that if i include yearly fixed bonus component.

This was a big surprise to me, and they states that we have done this taking care of pay parity, etc.

I am very happy, 
However, i want to know is this common or happened with anyone else?
Are there such good companies, people and HRs...

Anyone having any thoughts on this?

Has this happened with anyone where you are offered more salary than what you asked for?

Equity Research

I am a generalist having 3 year experience working in startups (Series B and seed funded). 
I am handling Product and Growth in soon Series A Start-up. But I'm thinking to switch. 
Need guidance is it a good time to switch job?

Is it a good time to switch job?

Welcome to Software Engineers's Private Community

Recruiter reached out, offering 50-75% hike on current CTC 
But it's a startup and considering the layoff situations just worried.
My current company has good WLB and no office drama.
This would be my first switch if I do so.

They said they're planning to do a Series C round but don't offer RSU/ESOPs during hiring but rather on performance.

Current exp: 2.5 years
Any guidance appreciated, TIA

Is Pixis.ai worth joining?

Machine Learning Engineer

Why is zepto hiring so aggressively, just curious to know if they are building something big?

Zepto hiring agressively

Software Developer

Welcome to News Discussion's Private Community

The timing of Zeptos fundraise is significant given the slump in investments into growth- and late-stage startups on the one hand and the correction being witnessed in the quick commerce segment on the other.

Unicorn drought ends as Zepto raises $200 million at $1.4 billion valuation

Zepto becomes India's 1st 2023 unicorn

Everything kept aside, it’s genuinely awe-inspiring that they’ve been able to do this in a market with close to zero interest in consumer internet plays, and most models failing  
  
 There’s definitely something about the way they executed. And many good things are said within the ecosystem about Aadit as a founder!

Analyst

Software Engineer

Perfios recently received a funding of 230 million dollars. For the employees who didn't have ESOPs or benefit from the ESOPs, would there be a good salary hike associated here?

How has the appraisal been in other companies following a round of funding?

Does a round of startup funding lead to a good hike during appraisal?

Growth Manager

Is it only fintechs that are still hiring. I guess there is a hiring freeze across most of industries.

Funding winter but fintechs still warm

How it happened?
-wifi turned off
-Slack disabled
-Email disabled

Mojocare laysoff their entire staff of around 200+ people

That's some crazy shit, the CEO reached out to me 3-4 months back on LinkedIn for a Managerial position. Glad that I rejected it.

Founder

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

Cardekho announces $5 mil ESOP buyback

So finally, someone spoke about this fraudulent startup AstroTalk. How they operate and how they take advantage of gullible people, is completely explained in the video. These kinds of startups need to be busted on LinkedIn and other social media platforms so that no one calls prey for such cheap tactics. This is just another BYJUs in the making. The cofounder is an IIT IIM grad. Shows how greed can even pollute the minds of even highly educated people. Really don't understand how the VCs can be so fucking dumb, funding them with 165 Crores!! Shocking but it isn't surprising since the Indian Startup ecosystem is filled with such scam artists.

Scam called AstroTalk - BYJUs 2.0

Jab tak hum jaise log IIM/IITians ki G chaat te rahenge tab tak ye hume chutiya banate rahenge. 4 din baad tum chutiye sab bhool jaoge fir kisi naye IIT/IIM led startup ko linkedin par praise karoge jab tak wo bubble itna bada na ho jaye ki use criticise kar pao…fir kisi anonymous platform par aajakr “OMG SO FUCKING DISGUSTING” bold doge kyuki linkedin par to tumhari gaand thandi ho jati hai kisi ko criticise karte hue…aur ye cycle bas chalta rahega…so moral of the story is, tum hi log chutiye ho wo nahi.

Product Designer

Sales

About me: 25M working in a super early stage startup for 1yr.

The startup is only 2 yrs old with seed funding. 2 pivots, but none worked. The 3rd pivot is interesting and we still don't know if it'll work 


I want to understand the life of an Early employee, how do you manage to keep hope, or when to call it quits?

Have vested esops. Also feel if I can get 1.5X cash salary if i switch

When to quit an early stage startup

I see so many folks complaining about status quo around where they work. Very curious to understand what are your expectations from a startup and the founders. This may help us get what we want from startup founders here.

In the comment, highlight what you want and what you're willing to give.

What do you want from a startup?

Hi Folks, Can you please let me know which startsups or organisation we should not join 

Reason may be:

No Mission and Vision
Pathetic HR Policies
Burning investors money with 0 Revenue product
Random Hiring and Layoffs
Other reason you can mention
Dirty Politics
Dirty Appraisals and Promotions
If i missed anything mention in comments 

So that our geeks will not join pathetic place and save atleast current job

Do not join list

UX/UI Designer

The company did around 10-15% silent layoffs in the last cycle by putting people in PIP. 
My Manager told me that he has pressure on him to put at least 1 or 2 people in PIP, make them leave the company and reduce costs.

Later, the company did as low an appraisal as 2%.

Senior folks are leaving specifically Frontend Developers.

Salaries of a lot of SDE-2 are below 30 LPA.

They have started new positions called Product Developers which will do the same work as SDEs but with a lesser package. PD-1 salary is around 10-12 lakhs and of Lead PD is 20-22 lakhs.

The company is putting itself in a position where it wants people to leave on their own.

There are almost zero perks in the company. 
The team outing budget is a joke which is 2k INR per person per year. That is 500 rupees per person per quarter. 

Also making office mandatory from November.

Razorpay is too smart!

Good thing. Anyways their frontend devs and PMs were doing everything on Twitter except tech.

Data on founder Salaries in India 

https://inc42.com/features/founder-salaries-tracker-fy23-amid-the-funding-winter-how-much-did-startup-founders-earn/

List of Founder Salaries in India

Hey Everyone,

I'm Vaibhav Vardhan, Co-Founder & CEO at Inc42. We are India’s #1 startup media & intelligence platform that informs, educates and empowers startup leaders & operators through our incisive reporting and industry-leading executive programs like FounderX.

I'd love to chat with you folks about my journey in building Inc42, why we’ve built FounderX and more!

Ask Me Anything :)
I’ll be back at 5PM and answer all your questions!

I'm Vaibhav Vardhan, Co-Founder & CEO of Inc42. Ask me anything!

Sharing frustrations with starting up a business. In my career I have raised over $30m over multiple rounds.

Co-founders in non-business roles get pushed out by politics. Sharing control with co-founders is messy, inconvenient, time consuming. Money lets you hire people who have to answer to you.

If you are not the main ‘Business person’ in a startup high chance you are disposable, no matter what skills you have. And it sucks to spend so much effort only to get bullied out and left with nothing.

Some investors will follow you on social media, if your business is not growing QoQ don’t post anything on social media that implies you are not working every weekend. They will ask why you are not working.

 If you are CEO, be ready for every random person to tell you how to run your business. Not in a ‘friendly advice’ kind of way, if you are the CEO you have a target on your back.

 Investors don’t know about your industry or have very dated knowledge. Some will just say random tips like ‘try web3’ or ‘try SaaS’ and blame you for following their advice when it fails.

 Your progress is measured against fraud companies who fake numbers, or the 1 in thousands who succeed. Get made to feel like you are failing to live up to super high expectations constantly.

 Employees work half your hours, off sick usuall one day a week, deliver next to nothing and expect 20% hikes every year because that’s what their friends make, or they read some dumb startup hires freshers at 20LPA. 

Smooth talking people with the same idea as you, no traction, never shipped a product in life, will raise a huge seed round due to 'pedigree' and spend it all on self promotion. You will always be compared to these clowns who find ways to lecture others while building nothing of value.

Dark side of starting up.

So much truth in everything you’ve written 
 “your progress is measured against fraud companies who fake numbers”  
  
 This has become just more prevalent over time. Confidently advice learnings from startups that are faking GMV or PMF metrics :)

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