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Budding Theranos in India e.g. AgNext

Which startups founders and their partners behave like those of Theranos - product doesn't work, founder avoids solving core issue and sells his dream, raises funds, works on logos/websites. Also, founder's partner supports all shenanigans.

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Barbaadeshwar

Stealth

a year ago

Can you share more details? @ThinLever6 - if it doesn't work why is AWI pumping so much money into it?
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Barbaadeshwar

Stealth

a year ago

How are Subrat and Taranjeet to work with as people?
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SatoshiMakamoto

Stealth

a year ago

AWI investments in India are in a shithole
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New_Leadership

Vedantu

a year ago

Ved tantu
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Indian Startups on

by SatoshiMakamoto

Stealth

Brace yourself everybody. Another big fraud coming and this will be bigger than what we have seen so far. Sequoia (Peak XV) portfolio company.

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News Discussion on

by polyesterking

Meesho

Zilingo CEO files FIR against COO & CTO

What an absolute shit show https://www.moneycontrol.com/news/technology/fraud-threats-sexual-harassment-zilingos-ankiti-bose-files-fir-against-co-founder-ex-coo-12706929.html

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Indian Startups on

by Jghfdsyipouhgxd

Stealth

Elizabeth Holmes (Theranos) is in jail in the US for frauds she committed. Why aren't any Indian founder in jail for cheating investors and employees? How are Indian founders able to get away with shit? Its sets a very bad example

Indian founders should pay the price for frauds. Ashneer Grover driving his Ferrari bought from stolen money and becoming a hero on television has set up a very bad example for the youth.

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Indian Startups on

by donna

Stealth

YC removes Medobed - a 10 minute medicine delivery startup over financial irregularities.

Lol

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Indian Startups on

by MichaelScottPaperCo

Fintech Startup

Frauds at startups

I was speaking to an ex-colleague and he mentioned how my previous employer, a lending startup, has been intentionally over-reporting disbursal numbers and under-reporting delinquencies in portfolio. They conveniently chuck the NBFC partners who dare to ask questions and instead catch new fish. During my time I saw sales staff committing rampant frauds and making money on the sides from users. The founders conveniently turned a blind eye till there was new business coming in. They've seemingly moved on to the next level now. The founders have top pedigree and already come from well off families. Makes me wonder how many such skeletons are buried across startups and what leads to such behaviour. Especially in the wake of what we saw with GoMechanic, Zilingo etc.

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Office Gossip on

by Apothecary

Stealth

AMA: Worked at tier 2 VC - got in post a few years of workex and a tier 2 Indian uni

Go ahead, ask if we pushed founders to commit fraud.

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Bangalore on

by DriedTuna

Student

Don't trust Startup Bros

Two Bangalore startups hired indiscriminately and then fired a bunch of people. As luck would have it I was in both of them. A particular healthcare startup around HSR is run by a bunch of clowns who has no idea how growth works and wants you to pull miracles out of your ass. Stick to your cushy corporate jobs and save as much money as you can.

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Indian Startups on

by Ashneer

CricPe

Is narcissism and hallucinations a common trait among startup founders in India?

Startup founders who are trying to turn influencers are always trying to paint themselves as champions and superbeings while the real truth about being a Founder is that one always feels vulnerable. Is this behaviour by startup founders leading to TOXIC POSITIVITY?