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Enough to make a grown man cry

Financial bullying

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satan

Stealth

2 months ago

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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 husbandā€™s name and my momā€™s name, she divorced the dude and escaped. The bank called my mom and has asked her to pay, now theyā€™re filing a case against my mom for fraud. Iā€™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 weā€™ll pay the money back and they donā€™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, Iā€™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 Iā€™m more than happy to do. Iā€™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 Iā€™m in. Now Iā€™m heartbroken. Iā€™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 thatā€™s not even my mistake and something that could have been easily avoided. Iā€™m not in a place to direct my anger at her, I know itā€™s a hard time for her as well. 6 to 7 lakhs might sound like a small amount to some but I donā€™t have the privilege to throw money like that. I donā€™t have fuck you money. I donā€™t take money from friends. Iā€™m 25 and literally just started my life 2 years ago after working for peanuts. Whatā€™s even the point of working hard, leading an honest life if this is how it works? Itā€™s just truly unfair and I donā€™t know how to deal with it.

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Indian Startups on

by incognito

Stealth

Dark side of starting up.

Sharing frustrations with starting up a business. In my career I have raised over $30m over multiple rounds. Co-founders in non-business roles get pushed out by politics. Sharing control with co-founders is messy, inconvenient, time consuming. Money lets you hire people who have to answer to you. If you are not the main ā€˜Business personā€™ in a startup high chance you are disposable, no matter what skills you have. And it sucks to spend so much effort only to get bullied out and left with nothing. Some investors will follow you on social media, if your business is not growing QoQ donā€™t post anything on social media that implies you are not working every weekend. They will ask why you are not working. If you are CEO, be ready for every random person to tell you how to run your business. Not in a ā€˜friendly adviceā€™ kind of way, if you are the CEO you have a target on your back. Investors donā€™t know about your industry or have very dated knowledge. Some will just say random tips like ā€˜try web3ā€™ or ā€˜try SaaSā€™ and blame you for following their advice when it fails. Your progress is measured against fraud companies who fake numbers, or the 1 in thousands who succeed. Get made to feel like you are failing to live up to super high expectations constantly. Employees work half your hours, off sick usuall one day a week, deliver next to nothing and expect 20% hikes every year because thatā€™s what their friends make, or they read some dumb startup hires freshers at 20LPA. Smooth talking people with the same idea as you, no traction, never shipped a product in life, will raise a huge seed round due to 'pedigree' and spend it all on self promotion. You will always be compared to these clowns who find ways to lecture others while building nothing of value.