In some specific category or during a specific time period? Usually aise hi hidden conditions nikalte hai

Product Manager

Corporate Strategist

*Accenture employee: Chuckles I am in danger

They should use this to get rid of the abomination that is consulting first.

Software Engineer

Software Developer

*Between 3AM - 3:30AM on the latst Saturday of January

Data Scientist

Third Wave/Araku mein "so what is your moat?" kehte hi reh gaye.

Program Manager

i dont trust any headlines by analyticsindiamag,

Yeah right, compare a 35 year old company with newly minted startups. Also, revenue means nothing without revealing expenses. These vc backed startups are operating with lean teams that might become giants in the next 4-5 years

Also read as: “Our OpenAI-wrapper revenue…”

Senior Software Engineer

Still giving SAP and Salesforce as the tech stack to most freshers

Well it's is Accenture, i can vouch that it's a wrapper or rebranding of the white labelled product offered by the VC back startups. 
 A news just to coverup the latest downfall. 
  
 If it's true, let's expect all employees of Accenture getting 100x hike in next few days 😂

Principal Engineer

Welcome to Indian Startups's Private Community

Bruh moment. Accenture 1 VC Backed 0

Bruh moment. Accenture 1 VC Backed 0- Grapevine

Another consumer tech startup bites the dust :/

https://entrackr.com/2023/10/ex-myntra-ceos-startup-virgio-shuts-down-after-raising-37-mn/

Virgio shuts down a year into raising $37Mn

Get a tag(college/company) -> Open a startup -> Get Funding (even seed stage is fine) -> Burn money -> sell or shut down startup. 
  
 Fastest way to accumulate wealth in today's time.

I am seeing a lot of layoff related posts everywhere from news articles to LinkedIn.. Is the Job market really that bad now? Or just the media is projecting that way? 

If it's really bad, which department you think is the most affected? How's layoffs specifically in India? Or is it layoffs in US but more hiring in India due to cost cutting? 

Are layoffs in technology/engineering dept as in for developers or some other departments? Your thoughts please..

Job Market right now in India?

It is really bad right now 
 1. Layoffs in many of the companies, irrespective of whether they're a startup or a big MnC. 
 2. Almost everyone I know of wants to switch, because of no/less appraisals from last 2 years 
 3. Bad work life balance - people thinks switching might help 
 4. Too much competition for any open position. Because of too much supply, companies are low-balling and people would accept the offer.  
  
 Recruiters ghosting is too common. Even if you've killed in your interviews and recruiters get someone who's ready to join on less pay, they'll simply ghost you.

The startup is Accel and Elevation backed. 

The company raised seed funding because the founder and team is from IIT- Kharagpur, and Accel + Elevation have people from IIT-Kharagpur working in their team. 

The founder has no prior work experience, no manners on how to speak with anyone (office boy, or women employees) keeps firing people who don’t agree with him, insists on being in the office for 12 hours because he pays us. 

Hiring criteria is -
1. Single people, so no distraction. He asks are you single or in a relationship (in the interview)
2. No married people 
3. Hire women only if they can stay in office till 5 AM (US based startup)
4. Everyone has to be in office for 12 hours compulsory for all 6 days of week

He boasts on how the VCs will save his ass even if the product fails, has said that worst case scenario I will make money because I know company will be acquired. 

He hires domain experts, makes them create playbook and train juniors to do the work, and then fires them saying "We have to stay lean, and this is a bad market". He did this with 3 departments already. 

How are the VCs not asking him basic due diligence questions? He is now raising 8 million follow up round.

RANT.

This is grapevine for godsake. Name the damn startup.

Recruiter

Welcome to News Discussion's Private Community

- Accel gearing up for eighth India fund, aiming for $600-700M by end of 2024
- First major VC fundraise after 2022's funding winter, signaling potential market thaw
- Firm's stable team and strong track record expected to attract significant LP interest
- Accel known for early bets on Flipkart and Freshworks, seeks to maintain early-stage edge
- Company culture praised for alignment and handling of failures, but some sector gaps noted 

 Source: [The Arc](https://thearcweb.com/article/accel-india-fund-flipkart-freshworks-venture-capital-1lhpqpT5OmDbBxTs)

Accel Targets $700M India Fund, Largest Yet Amid VC Landscape Shifts

Journalist

In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League.

The Deal:
- Rare instance of consolidation in the Indian VC market
- VH to be rebranded as General Catalyst India
- GC plans to invest $500 million to $1 billion in India over the next three years
- Acquisition driven by desire to build strong local team and tap into local LP network

But the move also raises important questions. Will this trigger a wave of consolidation in the Indian VC market? Will other global firms follow suit and snap up local players to gain a foothold in the country? And how will this influx of foreign capital shape the trajectory of India's startup ecosystem?

As the dust settles on this landmark deal, one thing is clear: India's startup scene is entering a new era, one where local innovation and global capital are increasingly intertwined.  Always long on India 🇮🇳

Image Credits: The Arc

General Catalyst's Venture Highway Acquisition: A Strategic Play for India 🇮🇳

ReshaMandi, a startup that raised over $40 Mn in equity funding, is facing insolvency pleas and has allegedly coerced employees to join another company, Genzr Solutions Private Limited, leaving hundreds of former employees awaiting salary dues.

- ReshaMandi's downfall was attributed to rapid expansion across various verticals, revenue inflation, and financial mismanagement, including inflated revenue, fake vendors, and loan defaults.

- ReshaMandi's founders and management personnel have joined Genzr, a seemingly unrelated company, raising questions about the acquisition and the funding received from an unrelated source.

- The failure of ReshaMandi has raised concerns about VCs investing without adequate due diligence and the accountability of investors and founders for the company's financial situation and treatment of employees.

Source: Inc42 - https://inc42.com/features/inside-the-upheaval-at-reshamandi-a-questionable-2nd-innings-after-a-40-mn-collapse/

Corporate Governance Trouble at Reshamandi 🧵

https://www.moneycontrol.com/news/technology/bhavish-aggarwals-ai-startup-krutrim-turns-unicorn-after-raising-50-million-12129991.html

2024 first unicorn

Product Owner

Heard from a little bird that General Catalyst's deal of acquiring VH has fallen through? Can someone confirm?

Also what do you think of VH in general? I feel expensive bets with low single digit stakes. Personally, the folks especially Associates are way way too cocky and only believe in Faff

GC not acquiring Venture Highway

Venture Capital

This came out of nowhere. Poor investments? Executive troubles? Both?

Honestly the investing team lacked grit and commitment towards a founder or an investment. In late 2019 they finalised terms with us while an international investor was leading the round, they pulled out last minute because some random fuck company raised 2X the amount of our round from tier 1 vc. Now that company doesn’t exist anymore but I guess neither the fund…me too can never be an investment strategy but sadly this is pretty much how Indian vcs think. We’re still alive and growing 😁

Growth Manager

Analyst

https://entrackr.com/2024/06/exclusive-unacademy-in-talks-to-merge-with-orchid-schools-owner-k12-techno/

Big: Unacademy merging with Orchid Schools in a 50-50 merger

I've been in startups for the last 8 years. From Series B/C onwards to even a unicorn, over time worked at 3. 
One of them was an outright scam, raised many millions of $s from top investors, and then ultimately died. 
Also close with CXOs at decent sized startups, and there is a pattern out there. 

A few thoughts:
1. Being a startup founder is tough. There's pain. Some people thrive in pain. AKA Masochists. Know how to spot a founder who works 15 hours a day because they love their vision vs. somebody who works 15 hours a day because they're masochists. These people thrive in pain, and hence love to see you miserable as you slog away the hours under their leadership. 

There is absolutely no vision for the future that they have. They do it for the fame, money, and cause a lot of pain in the process. Nothing good comes out of it. Investors love this breed.
   
2. I wish I'd done more than just leave the scammy startup. At the point, I decided against whistleblowing. Because I thought there's so many people employed here, they would all be impacted. Over time, 200-300 people more joined after I left. Once the scam was caught, all of them lost their jobs.
   
3. I'm not a coder. I'm a generalist. Over time, my pay grew but not in line with my peers who went into consulting/VC and then came back to big tech/startups. Over time, you disadvantage yourself if you stick around as a generalist in startups for too long. The next team pays you at some premium over the last one, there's no step jump. 
You need to somehow find a successful startup early, and genuinely, that is impossible to game - even VCs have to bet on 20 to get it right.

These are a few disjointed thoughts. I hope they give some insight.
My only takeaways:
- If you work at a scammy startup, don't stand it. At least, don't stick around. 
- I earn lesser than my peers (tier 1 undergrad), but I regret nothing. I love my work, and I'll never get over the kick. I cannot imagine working at a larger company ever again.
- Ultimately, you have to be optimistic. Believe that India will grow, good founders will come around, magic will happen ❤️

PSA: What 8 years in startups have taught me

A startup with experienced folks and a well defined set of roles and responsibilities >>> one where we're all "a family"

Founder

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Indian VC memes

A friend of mine is being courted by both Lightspeed and accel. He likes them both but wanted to get some founder takes on this.. at Accel it's a jr partner, at Lightspeed it's one of the well known partner.

Which VC firm?

What would be the Indian equivalent? 😂

Welcome to Product Managers's Private Community

I’m looking to switch to B2C FinTech startups in India with good product and team! Do suggest if you know which one are those

A quick background: founding product and business lead at web3 stealth startup, before worked in web2 FinTech

Good FinTech Startups

Welcome to Office Gossip's Private Community

- Most VCs are fraud, they never make any money and keep shifting from one fund to another to hide that they never made anyone any money. 
They also have usually no real input to add. 
They are no subject matter except negotiations which too mostly they just prey upon any founders. 

It's a thankless asset class. Most founders will always hate it as they will never get a dollar and most investors hate it as they will never net a dollar. 

Never chase VC, they are supposed to find opportunity .. Chasing them is useless, they judge you for it. 
So treat them from first day like your ex. Gf/bf. 

- Most tech startup founders are fraud,  they never make any money and keep shifting from one idea to another to hide they never made anyone any money. 
it usually takes 20 years to make a real $100 million dollar revenue company, but 20 months to be a unicorn. 
Any unicorn today is priced according to what they would make after 5-10 years... Yeah right. 

- Making real money is hard. Making fake money is easy. 
99% of startup Esops are fraud
If the company is homerun, then they won't get you stock easy. 
If the company is maybe homerun, they won't give you cash easily. 
If you get free cash and esops, just imagine it's an 18 month project. 

- Most of the humblebrags are fraud as half of them don't even understand the fine print of what they think is real money but not. 

- Most of the people who usually ask for change have no intention for it. They want to be seen as leaders, change is hard, negotiated and cried for. 

- you only live once. Go hard.. No one like people who have too much to talk but nothing to show.

Bruh moment. Accenture 1 VC Backed 0

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