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Huge career gamble paid off

This is a personal win post. I'm a '23 grad from top IIT but from non circuital branch. I did my summer internship in a payments MNC as a Quality Engineer and received PPO, but I rejected it since I didn't want to continue in testing. This was when recession was just starting. The money was decent in PPO, but I felt I could get more in a dev role in placements. When placements came, I interviewed with few big companies, but unfortunately got rejected at some stage. Finally I got placed at Cogoport (yes that same cursed company), with a higher CTC but same base. I was initially happy with it, but as I talked with seniors I came to know about the horrors there, and a month before my joining I decided to take the jump and didn't join. My parents weren't supportive of the decision and I had to fight with them. I was trying offcampus for a couple of months with a very specific strategy, I got good response but none of them converted to an offer. I finally joined a seed stage startup through my friend as an intern for 3 months. I struggled a lot initially but eventually put in the efforts and learnt and contributed well. The work, culture and people are great here. Two months after I joined the startup, I got to know that almost half of the new joiners were laid off from Cogoport. And today is my first official day as a full time employee at the same startup I joined as an intern. The base is also the same as the other 2 offers, although CTC decreased but I have immense learning and responsibilities here and I'm sure I'll grow faster than my counterparts in big companies. Thanks for hearing me out. Have a great end to the year folks

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Business Roles on

by mellow007

Startup

Started off career in startups

Hey All I graduated in 2021 out of DU and parallely converted my internship with a preseries A fintech startup for a full-time role, pay was less that what I would've got in campus placements, but I prioritised steep learning curve or a 15k per month salary difference. After spending 15 months reporting directly to the ceo in a 150 member team, I resigned. Initially the pace was enjoyable, later on it became toxic. Moved to Bangalore and joined another start-up, didn't take a huge hike since I just wanted to start somewhere. After working here for 7 months, now I have much for focussed idea on what my strengths are and I'm working with experienced folks (avg 8+ years). I'm a 22 year old working in the founding team of pretty good product startup (funded by Kunal and bunch of other angels). Currently I'm at 6LPA, and would reach a 12LPA in thr next 3-4 months subject to fundraise, what I would like an opinion on is if after completing an year and we don't raise a round, do I stay? Or do I go back home and prepare for Gmat or CAT, then do aan expensive MBA by taking a loan? Or do I find another startup asking for a 12LPA? or do I try for a established company role in program management or partnerships or something? I don't have any family money or business to fall back on, but fortunately I didn't take a loan for my education yet, and my parents would be okay to give me another 2 more years to figure things out. Would appreciate help from anyone who've been in a similar journey or just any piece of advice. Thanks!

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Software Engineers on

by meowww

Stealth

Startup let go Eng team on 1 day notice

It's gonna be long thread. I have been working as lead engineer in a early stage startup since last one year. Founder (20 years exp in Product Management) raised some money from friends & family to start it and but company was running negative from February and he put his money to pay employees salary for March & April and We were hoping for some investment in April but that didn't happen. During May & June, he was looking for funding more aggressively and even after having a good background in academics & top tech work experience in product management, no investor got convinced to invest in it. Our salary for March & April was delayed from actual payroll date by 7 days and 21 days respectively and We were expecting our May salary to be delayed by same period and our company was about to complete one year in first week of July so we had some one year benefits associated as well. But Boom, he invited everyone on call and tells that company will shutting it's operation from next day itself. And he will help us find our new jobs and he doesn't any clarity on pending salary. Although we knew, our company is not in good shape so salary cut or something might be happening soon but didn't expect this. Now, we have to find other jobs and also be unemployed while searching for job and also get exploited by other companies because we will be desperate to find jobs to pay our bills. I think, he did this just before 5-6 days of our one year anniversary just because he doesn't get legally bound to pay our one year benefits. I for sure, not gonna join any early stage in future who doesn't have enough funding. Just wanted to put this story out of my mind. Open for any suggestions you have for me Thank you

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Indian Startups on

by AlphaGrindset

Series A Startup

The Generalist - #1: Why you should not stay only in startups

Hi folks, thinking of writing a regular mini blog here about my learnings being a generalist in the ecosystem. I currently handle growth at an ecom startup and have previously been through 2-3 startups + a large corporate in my 7 year career. #1: Why you should not stay only in startups Recently started reflecting on salaries of many peers who are also startup folks and trying to see where it stands. There are 3 cohorts: a. People who started out in Big 4/Corporate & then became a generalist: They've been underpaid the most. First pay was 4-5L, and when they transitioned to startups, started at 7-9L. Over time, growing from there is difficult without MBA. b. People who have forever been in startups: They earn more than A on average. But here too, there is a delta in their salaries vs. people with same YoE who went to an MBA and are in corporate now. Side note: I've seen this cohort has usually loved what they've done, and being in startups definitely has positively impacted their thought process. c. People who went to a corporate/big tech etc. mid way: This cohort has done the best long term. Their pay got recalibrated when they went to a larger company in the middle through their career, and when they rejoined startups, they were respected more in salary negotiation. This is to anybody out there who is a generalist and sees a similar path. Try to sandwich a proper, large company in your career. It gives you perspective on whether you like it and if startups is really your preferred route. And it also recalibrates your pay. Startups will limit you basis your last salary. Corporates have standards basis bands. Just something to think over. NOTE: Do share feedback, if this makes sense. And if you'd like to read more of these too.