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Blind Trust Issues

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Jackietrader

Google

7 months ago

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Nobitaa

Self Employed

7 months ago

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Indian Startups on

by Babasaheb

Stealth

Company Rant

CEO Status driven, low confident CEO who thinks that a CEO should dress like a movie CEO aka wearing suits all the time and thinks that watching sports makes you cool. Super micro-manager. This idiot gifted a basketball to CPO on CPO's 5th work anniversary. Will make random suggestions to the product team based on absolute random assumptions. This guy has more chances of death by confirmation bias than anything else in the world. Lack of clarity and vision for the company. Low trust in people who he works with. COO I saw her only once in the office since I joined the company in my 14 months of tenure, people say she is working from home but all the employees are forced to come to the office and work. CPO This guy will never say no to any product/feature requirement and commit an optimistic timeline of delivery without thinking or syncing with the team internally. Due to him I lost respect for MBA turned managers who think they can do it all. Will never accept he was wrong or take one for the team. Will shit on others to retain you. Will make team members fight among themselves. Will say that you are the owner of the product/project/task/charter given to you but will make sure to overturn decisions made independently by you. This guy always assumes that he is right without thinking through. He does not even understand what all problems we face at the layer. Has world class expectations but with peanut salary. This douche bag stole my ideas and presented it to his ideas. Had to forcefully schedule 1-1's with him to get feedback on my performance, that too was very generic and had a few points where I made mistakes but no actionable point of how that area can be improved. At CPO level I expect you to have basic product design sense and when I describe the screen roughly you should be able to imagine it but this A-hole will always stress on a proper product design with all the color and all and not even a wireframe.

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Adulting on

by BlickCait

Stealth

I wish life was a little easier and I just need to vent

My mother called me yesterday and tells me she got scammed for about 10 lakhs and needs money by Monday. She has 4 lakhs and I will have to cover the rest. Turns out she let a friend take a loan in her name and this friend gave fake jewellery as collateral. The friend took loans under her husband’s name and my mom’s name, she divorced the dude and escaped. The bank called my mom and has asked her to pay, now they’re filing a case against my mom for fraud. I’ve spent my weekend talking to advocates and friends, and looks like the only way to get out of it unscathed is to cut a deal with the bank saying we’ll pay the money back and they don’t press charges in return. Contesting the bank is going to take time, money and the risk of my mom losing her job. As an older daughter who grew up in a broken family, I’ve spent my childhood and adulthood protecting my mother and sibling. I finally landed a well paying job 2 years ago and now the responsibility extended to providing for my younger sister and my mother financially which I’m more than happy to do. I’ve worked hard the past few months to save what I have right now beyond what I give my family, use to sustain myself and finally felt happy about the position I’m in. Now I’m heartbroken. I’m going to be emptying almost 70% of what I have so far for this for paying the bank and the lawyer. Especially for something that’s not even my mistake and something that could have been easily avoided. I’m not in a place to direct my anger at her, I know it’s a hard time for her as well. 6 to 7 lakhs might sound like a small amount to some but I don’t have the privilege to throw money like that. I don’t have fuck you money. I don’t take money from friends. I’m 25 and literally just started my life 2 years ago after working for peanuts. What’s even the point of working hard, leading an honest life if this is how it works? It’s just truly unfair and I don’t know how to deal with it.

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Indian Startups on

by Kepler

Stealth

Angel Investment/ Crowd Funding Platform - A Maze of Risks & Red Flags

The allure of startup investment is undeniable – the chance to be a part of something groundbreaking, to nurture innovation, and to potentially reap substantial financial rewards. However, for every success story, countless tales of caution highlight the inherent risks associated with this high-stakes game. The Due Diligence Dilemma While many angel investment/ crowd-funding platforms tout their rigorous due diligence processes, concerns linger about the consistency and effectiveness of these measures. Given that these platforms invest at a very early stage, investing in Enterprise Tech, and FinTech businesses at this stage is highly risky without the time-consuming and resource-intensive nature of thorough due diligence, it's crucial to understand whether these platforms are adequately screening potential investments to minimize the risk of fraud or failure. Platform Self-Investment: A Conflict of Interest? A couple of angel investment/ crowd-funding platform raising money for itself using its platform raises eyebrows. This inherent conflict of interest raises concerns about the platform's impartiality and its ability to objectively evaluate potential investments. I invite you to share your thoughts and experiences on angel investing/ crowd-funding platforms. What are some of the challenges and opportunities you have encountered? What advice would you give to others considering angel investing/ crowd-funding platforms?

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