Why will they (Cred, Amazon) want to shoot themselves in foot?

Product Manager

Fi does it for their account holders, makes me feel bad about my spending habits anyway 🥲

Software Developer

Welcome to Indian Startups's Private Community

Imagine Cred & Amazon doing this!

Investor

Imagine Cred & Amazon doing this!- Grapevine

Recently, I interviewed a senior individual about their job hunting experience after 8 months, 50+ interviews, and interactions with 10+ companies. What they shared is quite eye-opening and worth sharing with my fellow Grapeviners to stay informed about the current market trends.

There's a concerning trend of false interviews or what some might call "candidate fishing." Companies seem dissatisfied with many candidates they encounter initially, leading to rejections for trivial reasons or minor interview slip-ups. This indicates an oversupply of candidates in the market.

Most companies have multiple candidates lined up for each job role, creating unnecessary backups. Consequently, last-minute job offer declines are not uncommon, even after successfully navigating through all interview rounds.

The interview process itself can be lengthy, ranging from one to two months, with interviews scheduled during weekends, late nights, and early mornings becoming more common.

Some common reasons for rejection include:

1. Diversity hiring concerns
2. Expectations of being a master of everything
3. Common interview formats with overwhelming ratios like 2:1, 3:1, or 4:1, putting candidates on the spot
4. Companies adopting a "Why should we not hire you?" mindset
5. Scrutiny over resume details, such as short job stints, despite ongoing industry layoffs
6. Negative assumptions about candidates from top tech companies (FAANG) looking for new roles
7. Rejections after multiple rounds (7-10 rounds) of interviews
8. Ghosting becoming a prevalent issue

If you're experiencing these challenges, remember that you're not alone. Many others are facing similar issues. Hang in there; the tide will eventually turn.

Job Market Reality Check

Lawyer

imagine if cred allows you to get starbucks with credcoins

Business Analyst

Welcome to Business Roles's Private Community

Hey Fellas ! I am working at Flipkart in a business role (Cat Management ) . Recently have been offered a position at cred with good pay.  Take it or leave it ? Thoughts on wlb and stability ?

Cred Or Flipkart ?

Business Development

Cred is truly a topic of surprise for me. Yes, I understand it has created a community of top spenders/credit worthy people in India. I also understand that they can use the information on such people for creating value for themselves.

Being a cred user, I only use it to pay the bills. I really wonder if they have built any b2b business or alternative source of income beyond what's seen to the end user. What's the game plan for the cred? 

I also applaud the fact that cred hasn't laid off people having paid them better than most companies. I really wonder if the business is really that strong or the conviction is. Would you join cred if given a chance to work there?

Cred

I feel cred is doomed and just trying to increase its value. 
 And the end goal is to sell the cred to someone with higher value and make money.

Software Engineer

Is it true amazon is laying off 14000 manager positions?

Amazon folks..

Cred folks shed some light, is a new ad coming or something else is brewing up

Whats up with Cred

Great pre-marketing, but is this a new auto insurance product? Something new altogether? Felt a little confused after the video

kunalb11 on Twitter: Park your cars here

Cred Garage: Anybody who works at Cred and can help me understand the reasoning behind this product?

VC funding based on revenue multiples and profit (😂😂😂) multiples is soon going to be obsolete. 

Common sense says company's valuation should be summation of yearly profits it can generate till the company exists... 

So if reliance has profit of 8 billion $ , market estimates that it's valuation should be around 25x multiple of its profit that is to say that if reliance keeps on generating same amount of profit for year on year, it will not exist after 25 years.

Now tell me, what shelf live does these VC funded startup have?

I honestly don't see all these tom dick and Harry mobile based and web based startups existing by end of this decade thanks to AI revolution.

People are still oblivion to what AI will do to white collar jobs 



Just out of curiosity, is there any single VC funded Indian startup in last 10-15 years which is immensely profitable ? 

Or for that matter any global giants like Amazon, Uber, Airbnb etc. which has turned profitable in Indian territory?

Future of VC funded mobile and web based startups

What problems would Indian and Global startups be solving in the next decade, or they would be just throwing random yearly new buzz words and as usual VCs would be having orgasms on these buzz words.

I mean real problems.

Startups of the coming age

Frontend Engineer

Cred’s next round of funding to be done with Cred Coins, causing a glitch in the matrix, led by matrix partners.

Cred funding round

Founder

context: i posted how one can use one cc to pay for another cc and keep on passing debt without incurring interest

found this on reddit

so - it can be done huh! who’s laughing now bwahahahahahaha

Credit card loophole

Hi, recently got an interview call from Flipkart. Is it a good option to join Flipkart leaving Cred. 

Flipkart profile is Sde2 where as I work as Sde1 Backend at Cred

Please help me in here 🙏

Flipkart vs Cred

Welcome to Personal Finance's Private Community

Almost every cred user has half a million cred coins. Of what use are they?

What if cred makes their entry in crypto?

Future of Cred Coins

From CRED to PhonePe to all others, are you guys seeing your company making any money or  path to profitability?

Zerodha guys, please don’t talk 🙅‍♂️

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