But look at the positive side, they sold 80k vehicles

Consultant

Product Manager

Ola single handedly destroyed the ebike market in India. 

Any person witha decent social media activity, will not buy an ebike in the near future.

Welcome to Indian Startups's Private Community

Don't defame the wealth creator!

Don't defame the wealth creator!- Grapevine

Welcome to News Discussion's Private Community

kansaratva on Twitter

Wealth Redistribution

Software Engineer

Today’s startups are using the interns/employees to the point of exhaustion(taking work of 12-14 hours) but returning in penny without any job security, you just do a small mistake(actually which may not be called a mistake also) and to fulfil their ego the management will kick you out anytime. It’s we, the employees, who are helping organisations show upper trend so that they can bag Series A, B etc. Whereas the co-founders and higher hierarchy members are enjoying limitless wealth in form of salary and also going every then and now on holiday trips.

Today’s co-founders are not leaving any stone unturned in reaching a new low.

Co-founders reaching new low for personal Wealth Creations

Operation Manager

Welcome to Personal Finance's Private Community

1. Real estate (invested value)
2. Liquid cash
3. Other Investments (invested value)

The wealth should not be inherited.

I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

How much wealth have you created yourself?

Seeing the comment section,I realise I am broke.

Frontend Engineer

Software Developer

Hi, assuming this app has India’s top 1%, and assuming some of us amass 5-10Cr by the age of 40/45 - and have a kid thats 10 years old by then, would you want him/her to get in the rat race just like you did or study something along the lines of how to make a 10% return on that wealth per year. If its the latter, whats your approach on teaching this to him/her. We built money from the scratch, but our kids can just take it further along. Thoughts? 

Other way to frame it is - if you were gifted 1Cr at the age of 18 - how would you deploy it to make a return while also growing the wealth.

Wealth creation for Next Generation

Operations Manager

Milestone crossed 1M USD combined networth (~9.15Crore Household Net-Worth)
46 M (Software Engineer/Founder) + 37F Wife (Lawyer) + 1 Kid (3 Year Old) based out of Delhi.

So last week me and my wife finally reached this milestone, >1M USD networth. Here is our portfolio. I hope people here can recommend what I should do next.

This chart was made by our Wealth Manager.

Rough Net Worth Breakdown:

1. Provident Fund and National Pension Scheme (EPF + NPS): 1.1 Cr

EPF: 75L
NPS: 35L

2. Savings Account and Fixed Deposits: 20 L

Savings Account: 12L
Fixed Deposits: 8L

3. Mutual Funds (MFs): 3.8 Cr (Breakup Below)

Index Funds: 25%
Mid Cap: 15%
Contra: 10%
Small Cap: 20%
Flexi Cap: 30%

4. Fixed Income: 1.3Cr

FDs: 50L (Spread in segments of 5L across 10 banks)
NCD/Bonds: 80L 

5. SGB (Gold): 80L

6. Crypto: 46L

Bitcoin: 35L
Solana: 6L
XRP: 3L
other cryptos: <1L

International Investments: 1.49Cr
QQQ: 30L
NVDA: 32L
AAPL: 28L
AMZN: 33L
GOOGL: 26L 


We may get a good inheritance in the future, ~8Cr from my parents + ~15Cr from my wife's parents, but we are not planning on that. 

Our primary goals are education for our kid(+planning another 1), their marriage, 2x vacations a year(1 domestic+1 abroad), a decent lifestyle, and a good car(we have a SKODA Slavia right now, planning an SUV as we are extending our family).

Please share your financial journey and any advice, we look forward to reading your comments.

Reached 1M USD networth in India 🇮🇳

Wow. Congratulations man. 
Tell us more about what seniority, what kind of company you're at.

Also, 23 Cr inheritance? You must already have been very well off.

Corporate Strategist

Founder

Welcome to Office Gossip's Private Community

Bharatpe saga continues

So on the first allegation here about the HR agency, have heard from a friend who worked there that it’s 100% true  
  
 There are paper records of new hires being rerouted through the relative’s HR firm

Analyst

Welcome to Confessions's Private Community

Unpopular Opinion: People with Generational wealth shouldn't teach others about struggle

So many people with multiple houses, high end cars.. when they mention such statistics are they even considering total wealth or inheritance?

Earning 50LPA makes you top 1%, seriously?

I do agree with him though. Can't build great things without putting in great amounts of work

140 hours

*when you are building your own 
  
 Not working for someone at salary and fixed working hours

Tech Lead

Instead of giving offer then charging it on payment page, they charge no convenience fees.
lowest headcount
lowest advertisement
40% CAGR
80% repeat customers
in-house call center
Partnered with local agents

Zerodha of travel industry

Second meeting with the guy, thought his outlook might improve because we had better numbers than the first meeting (few months ago). Didn't even remember the first conversation, or our business, didn't do any research on our startup or industry before the meeting. Kept forcing opinions on me instead of listening, same as the first meeting.

Extremely rude and a waste of time. He said many things no founder should say, that too for another founder.

(Pitching is difficult as is, rejection is common and it's very easy to get demotivated)

When I said I'll share my experience with other founders and startups so they don't engage with that platform, got a reply saying they'll send me a defamation notice if I do, and will also tell other investors in the community that we are doing this startup as a "hobby" and no investor will come onboard.

It's amazing to see the kind of arrogance some people have, especially in the investor and VC network. Would have loved to name and shame him but I have better things to do than to get into petty court cases with assholes. 

Fellow founders, please be very careful and choosy with who you talk to about your startup's fundraise. Indian VC ecosystem is mostly a circlejerk and a shitshow. You're better off raising from friends and family and even individual angel investors than trying to bargain with devils in disguise.

I will most likely stop pitching for investment altogether and focus on growing my profitability than waste time convincing idiots who'd rather throw money on pitch decks without an MVP and startups without PMF, revenue or profitability.

/endrant

Defamation notice threat: Pitching in India

Fuck the defamation notice. Don’t take shit from anyone, if someone crosses their line, reply to them then and there, so that you never think about that again. 
  
 VC and angel market is big in India now. No one has full control of the full ecosystem.  
 This is not Bollywood and there is not Salman khan and Karan Johar. 
  
 Here even fraudsters are getting second chance. Keep building.

Generalist

Okay, so this happened to me last year. I was approached by a college alumni (got my number from college alumni group) who told me he had a side business going on which was leading him to earn more money than his corporate job and that he was going to leave the corporate for his “business”.

I was initially not interested but he was insistent and also I was looking to explore some options (may be my naïveté) that I asked him more and so he setup a call with his senior to explain more about this “business”.

Now this senior gave all sorts of gyaan regarding how to reach financial independence and picking up on the general mindset of how to make more money. They asked to create a list of 10 things that I desired the most at the point of time which could be solved with more money. I complied thinking it was a good exercise (again, I was a big fool). Now I was connected with another senior who gave all sorts of gyaan regarding how I could make more money and lead to financial independence.

Please note, during all this time I was constantly asking what the business idea was and how it would be achieved but got no response on the details and only white washing regarding how I should be prepared to do anything to achieve my dreams.

Now, it was revealed that I would need to put in 5L as investment to get bigger returns. Since I did not have that money in handy, I was suggested to get a personal loan through their agents. Also not to inform this to parents because they won’t understand this stuff and get “worried”. Luckily I did went with their suggestion and informed my parent about it. Thinking it was a startup idea, I got the investment from my father through an OD in my name.

Now we get onto a call two days later, where they reveal the company QNet and makes me purchase 5L of stuff from their website and explained the business model which was to get other people from your knowing to buy products from this company and get commissions on the sale.

Continued……

Pyramid scheme scam

Bruh... what even?! It's a well known scam. I don't understand how you were ready to put in 5L of your money without going for a simple google search.  
  
 All these IIT/NIT/IIM/AIIMS means they cracked a certain exam. It has nothing to do with guaranteed moral values or even basic common sense. Lesson learnt the hard way I guess.

Supply Chain Manager

Had nowhere to write about this but I feel so angered. Young people should work 70 HOURS? IN A WEEK?

For what? Why is there 70 hours worth of work to do? You pay consultancy firms and good for nothing managers to optimise things and make it more efficient, no? Why can't you make sure work happens within the 40-50 hours? Or readjust deadlines and expectations at least? 

The employees allow you to bring in more profits, no? Hire more people - let them spread the workload. Give them more time off. Let them use the 40-50 hours they're already putting in more effectively instead of pressuring them to put more hours?

A skilled potter takes less time to make a pot than an idiot trying it for the first time. Does that mean the idiot is more hard working?

What is your logic in saying that Indians need to put in more hours to compete with the world?
Put more money into your employees no? 

An extremely bright engineering friend of mine was given a <3 LPA offer from Infosys. That kind of amount is a rounding error for any single client order and you're playing games with someone's livelihood?

Shame on you.

Narayan Murthy 🤡

Marketing Manager

Just wanted to give some updates now that it has been 1 month since the last post

1) Senior Leadership from Tech (3) , a senior director from Product , Finance Head have all resigned. Strategy team has been dissolved. 
2) There are more people in the pipeline and will get more clarity by month end.
3) Everyone over the CTC of 60 lakh has been asked about the revenue that they bring in and based on that, their position is being reconsidered.
4) All contract workers have been terminated. Interns have been told that they won't be receiving PPOs.
5) Senior Management Has been asked to take 20% paycuts. 
6) Even at Junior level, people have been asked to take pay cuts or resign.
7) Lots of tools used in tech are being removed and AWS subscription has also been revised.


Meanwhile HRs have been celebrating on slack channels that Yubi has been ranked in Top 25 companies for career development :/

Rampant Negativity at Yubi Part 2

Growth Manager

I'm a part of Infinyte Club which is an online platform for investing in startups and also helps with ESOP liquidity, just today they announced that they have gotten an allocation of 75L in Winter Wealth and their users can invest in it and this got subscribed in under two hours. This makes me think:

1. With investors like eight roads on the cap table why are they going to syndicates like Infinyte to raise funds? I would view this as something negative since this is too small an allocation, does this mean that they are unable to raise?

2. Which fools are angel investing at a startup which is valued around $80M (valuation based on the terms given by Infinyte). I understand it's a popular Fintech but you gotta be stupid to invest at this valuation.

Thoughts?

What's wrong with Wint Wealth?

Founder’s Office

Hello, fellow men reading this. I have tried my best to include all my learning and those of my friends. I’ve written this as informally as possible.

Let’s get right into it.

Functionality matters as much as features; your personality will matter as much as your looks.

Your looks or pictures on the app will act as a hook, something that will stop girls from swiping left on the spot.

Looks

- Try going to the gym after work or college, and aim for a lean body. This will bring about the most significant change in you over time and will also encourage a good diet and discipline. Everyone likes a fit and athletic person.
- Experiment as much as possible with your appearance. Look up different hairstyles according to your face shape and A/B test with your barber.
- Consider getting a frame of specs suited to your face shape. For example, a square frame can really bring out your jawline compared to an oval frame.
- Wash your face twice a day, use sunscreen, and drink a lot of water. Your face is how everyone judges you, and if you are glowing and smiling, people will be more positive towards you.
- Maintain proper personal hygiene.

Pictures

- Please don’t fall into the trap of generic guitar/dog pictures. You want your pictures to represent who you are as a person. If you are into scuba diving, include a picture of it. If you like books, get a picture from a bookstore.
- Experiment with different poses and locations. Iterate and iterate to see what works.
- Don’t forget to smile. The last thing you want is for girls to assume you are too serious.
- Your pictures need to be a mirror of you. For example, I smile and laugh 24/7, so all my images are goofy.

Dating Wiki for Men

I’ve seen posts and memes all over social media on the recent titanic sub disaster. I realised anytime someone rich and successful is going through something bad everyone likes to laugh at it or they seem to celebrate it. 

Even when rich people do something for themselves we have the SJWs saying they could’ve end poverty , done this or that but the thing is it’s their money it’s up to them to decide what to do. We’ve got governments to look after the welfare of the people. 

Why hold rich and successful people accountable ? The argument can be made for normal people like you and me as well? 

Why stay in a posh locality in a good house when you could stay somewhere cheap ? Why use an iPhone rather than some ordinary one ? Why have investments when you can invest in on people ? Sounds dumb doesn’t it? So let’s just consider rich people as humans and not heroes or villains with what they do with their wealth.

Don't defame the wealth creator!

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