Double faced founders

After Narayan Murthy, bhavish Agarwal, sajjan Jindal , Mohandas pai...next joker to fling his hat is Mr. Entrepreneur no. 1 He is saying that if we work 💯 h then we can become a developed nation soon. I think they should read Union budget, how government spends and it's mostly on subsidy, freebies and repayment of interest. Basically, if we slog also then 30-40% of amount will go out as tax and that tax will be spent on useless stuff. PS - 💯 h working janta will not get any concession in education, health, tourism etc. Peace out ✌️ Now you can type ur rant after 5pm.

50% layoff at a Bangalore based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

I am Thankful to the funding winter it has revealed true colors of so called Founders, who would not stop talking about culture, Growth, scale etc on Twitter and LinkedIn Take Byjus, for instance, they claim to be revolutionizing education, it's all a facade! All they care about is squeezing every penny out of parents' pockets. Putting large amount of people in debts they didn’t even signup for. And let's talk about Dukaan, shall we? The absolute 🤡 of a founder with zero empathy( 90% staff laidoff and the guts to project it as some AI ML innovation) These startup founders have lost touch with reality. They've become obsessed with valuation and funding rounds, completely forgetting the essence of why they started in the first place. It's all about becoming the next "unicorn" and impressing investors, while the customers and sellers are left in the dust. Gone are the days of genuine innovation and passion for solving real-world problems. It's all about the money now, and they don't care who gets hurt along the way. The startup ecosystem has become a rat race, with everyone trying to outdo each other and sacrificing ethics and integrity in the process. It's sad to see the true colors of these startup founders shining through, and it's high time we demand more transparency, accountability, and genuine value from these so-called "disruptors." Enough with the facade, At the end all these founders will get an exit with generational wealth, the employee and people who have built it will be left in Dust. My laanat to all such founders and company. May the boat sink and hopefully someday we have accountability in place for these people.

Another day, another newsbreak on a start-up's downfall. The whole Co-living Start-up bubble might burst! Can go through this article and share your views? https://themorningcontext.com/internet/stanza-and-the-coliving-business-struggle-to-survive#:~:text=Stanza%20Living%20is%20struggling.,no%20money%20has%20come%20in.

IIT grad here building a venture backed startup. I think 99% of folks here believe that venture backed founders are super entitled and in a much "cosier" position than employees Just sharing a few facts about our journey so far if it helps anyone improve their perspectives- 1) Paying ourselves 33% of our campus salary & 60% of what we are paying to our employees (Talking about Pure Base Salary here, not including ESOPs) 2) Insane stress - You basically have to raise money to build (esp if its deeptech because of the high fixed costs) and there are predefined metrics you have to always chase, sometimes just beyond yourselves. Your product will be copied if it's good because well, they always have more money than you. You work 7 days a week for insane hours, chasing metrics required to be "afloat" 3) 99% of venture backed startups result in 0 liquidity gain for founders. So basically in all likeliness, everything is for a net negative return compared to if we took the campus job So, when you wholeheartedly bash founders as if they are sitting On a goldmine while you are toiling for THEIR gold Treasure, just understand that more likely than not, there is not really any gold but rather an irrational hope they are clinging to Also, Yes-we pay above market to our employees (100% hike for the last one) but the truth is some startups just Can't afford it. And ironically, there is a much higher looking down on these startups with meagurely paid founders rather than giants like Tech Mahindra paying peanuts to their employees while having a 1000% salary hike for the executives. Yeah, most startups need to do better but please appreciate if someone is atleast trying to do better because trust me, it's INSANELY HARD.. The number of posts I see about Flipkart making hundreds millionaires is way too less than the ones I see about pinpointing at every single mistake early stage startups do & I just wanted to express my opinion on it Peace!

As a vanity Indian founder of a startup, you have overcome certain very complicated social issues to reach here. While this is important, founders also engage in mindless hedonistic activities while all throughout claiming the company in loss or market crash. 1. I engage in individual interests selflessly while the employee might have to go through a pay cut or salary hold up. For ex: Founders minting expensive tickets for horse polo or football finals abroad, the same month employees were laid off. 2. I engage Celebrity Warlords and build fancy academies to bring stardom while mercilessly laying off people and trampling over their familial relations. Throughout I ensure through PR that my company forecasts are always on top. 3. I maintain a fancy following in the office who sings Bhajans on me and my life and stories. For ex: They prefer passouts from small towns or Tier 2- 3 colleges so they accept without questions. 4. I need a hot female in the office who can help compensate for my emasculated and punctured ego. For ex: this lady will get hikes and unconditional promotion in a year or so. 5. I hire more than I can afford so this is my way of buffering and validating my own immature decisions. This way I don't lose out on supposed opportunities but I ensure that my company always looks buoyant and alive. 6. I don't believe in any political correctness but if the business needs it I will engage people to write for my company as promoting ideas and ideologies superfluously. 7. I want my organisation to be a vanity circus rather than for hiring quality folks. I market as hiring for diversity but this is just the PR stunt.