Never kill the hype. Find ways to benefit from it.

Product Manager

Hype bnao samaan becho ! 100 ki chiz ka price 1000 krdo pr 70% off do, ppl will buy like crazy !

Software Engineer

Haha any reason for you to believe so? Something happened,

Yeah, bought an Ola scooter. Turned out to be trash. Ordered food from Zomato, they delivered it to someone else. Had to remove Paytm bank as they were banned for doing scammy things. Endless list....

Consultant

Business Development Manager

They really aren’t. You can always share your dreadful experience though.

Recruiter

bhai startup mai kaam krke yeh toh pata chal gya ki bc sab chutiya kaaat rhe hai apne users ka

Software Developer

Wrong. 
Some of the indian startups are scam, for sure.

Most people have good intent, some people have poor intent/

Corporate Strategist

Welcome to Office Gossip's Private Community

Indian startups are nothing more than a scam.

Indian startups are nothing more than a scam.- Grapevine

Welcome to Indian Startups's Private Community

Read somewhere that they raised 525 Cr while the rev. at that point stood at 14L

What exactly went wrong with Koo?

Venture Capital

Welcome to Gadgets & Apps's Private Community

Commercial, off the shelf drones continue to evolve in complexity and threaten military and civilian safety & disrupt operations. Anduril's counter drone sys...

Anduril Lattice Counter Drone System

Do we’ve Indian companies building something similar?

I have done a 6M internship at Amazon but Amazon didn't convert any single 6M intern to full time employee even got a hire call from the manager. But Amazon has given the ppo to 2024 grad. Now Companies has started hiring only 2024 grad.

No one giving the shit about my internship. Companies/startups are not considering that as experience, then why they are hiring intern?

I applied to many companies even with referrals but  none of them sent me a single test link. Big tech giants are done hiring with 2023 grads. Some are hiring but only to female candidates.

Indian startups are the worst. they just wanted a guy who has all the knowledge according to their business model, doesn't matter how skilled you are.
Anyone can learn new things in small period of time but Indian startups... I don't know what they are thinking. In such things mnc is good atleast they are not doing such shitty things to fresher.

If I have done 6M internship at Amazon and got the hiring decision from manager, this doesn't imply that I have capabilities to work as a Developer? If anyone is able to deliver tasks in a company like Amazon where almost everything is new on which an intern is about to work then I don't think he will not be able to work in any other organisation.

Is there any hope for 2023 fresher

Program Manager

Just got to know from a friend who's a higher up HR at DealShare, one person from their leadership does heroin on company funds, he even asked this resourceful guy to procure.

Indian Startup investors are a joke.

Another day, another startup shenanigans

Backend Engineer

- Most VCs are fraud, they never make any money and keep shifting from one fund to another to hide that they never made anyone any money. 
They also have usually no real input to add. 
They are no subject matter except negotiations which too mostly they just prey upon any founders. 

It's a thankless asset class. Most founders will always hate it as they will never get a dollar and most investors hate it as they will never net a dollar. 

Never chase VC, they are supposed to find opportunity .. Chasing them is useless, they judge you for it. 
So treat them from first day like your ex. Gf/bf. 

- Most tech startup founders are fraud,  they never make any money and keep shifting from one idea to another to hide they never made anyone any money. 
it usually takes 20 years to make a real $100 million dollar revenue company, but 20 months to be a unicorn. 
Any unicorn today is priced according to what they would make after 5-10 years... Yeah right. 

- Making real money is hard. Making fake money is easy. 
99% of startup Esops are fraud
If the company is homerun, then they won't get you stock easy. 
If the company is maybe homerun, they won't give you cash easily. 
If you get free cash and esops, just imagine it's an 18 month project. 

- Most of the humblebrags are fraud as half of them don't even understand the fine print of what they think is real money but not. 

- Most of the people who usually ask for change have no intention for it. They want to be seen as leaders, change is hard, negotiated and cried for. 

- you only live once. Go hard.. No one like people who have too much to talk but nothing to show.

Some observations after 10+ years of being in the system

Have been an entrepreneur since college days. Went full time on same idea and worked on it for a good 4 years full time before starting something new, raising some money, later pivoting (fucked up here) and eventually shutting shop last year. 

Life has been tough since then since there is no clarity on what to spend next 2-5 years on - acquisition offer falling apart, tried looking for jobs but didn't finalise and later did a bit of consulting (good pay but didn't really work out).

I now have a few good conversations going on right now - leading product & EIR/Founders Office. What do you suggest would be an ideal thing to do? 

Profile - Solid Generalist. Non tech. Money ain't really an issue right now but can't stay dependent on savings for so long - its stupid.

PS - If you or someone you know is hiring, please reach out. Happy exploring ideas as well.

2 time ex-founder / 6+ years of entrepreneurial experience

Founder

I'll go first: Scaler, Byju’s and MBA chaiwala

Which indian startups are overrated?

Growth Manager

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.

Stanza Living to Crash

Latest scam in the indus valley

What’s the experience like? Have you thought if joining a corporate would be better?

Anyone who is 32+ and working in startups?

Investment Associate

I have evaluated a lot of startups as part of my work. My approach has changed from being optimistic to being suspicious of a lot of founders, even before the process starts. 

The sheer number of founders that I come across that try to game metrics/play around with data to make the startup look good. 

Most commonly:
1) Completely changing the definition of margins, repeat rates, etc. and never clarifying that they are using different definition. 
2) Often giving rebates/discounts to key stakeholders but finding ways to hide it from their P&L so that it’s not visible. THIS IS SO COMMON - lot’s of them start showing revenues, and then you will see another cost item rising at the same pace, and lot’s of times it will just be money moving around
3) Sometimes completely giving the wrong picture of how their product works on ground. You then speak with their customers, and they describe something completely else.

Things like these are eating up the ecosystem. These founders also end up fooling some VCs, and then capital get’s kept away from actually good founders who have good intentions.

There was a recent major investment in the commerce space, and that is another one such example of a startup doing this. Needs to stop.

RANT: Founders who fake metrics

Product Owner

Picture speaks a thousand words

I recently got an offer from a seed stage startup for a SDE2 role. They shared the offer in a 2 liner mail. Weirdly enough they have a probation period of 3 months which could also be extended to 6 months during which there'll be no paid leaves, nothing, and you cannot be late to the office any day.
I asked them to share the detailed offer letter with all these verbal probation clauses penned down and they've not replied for a week.
After getting the offer, they asked me to submit my adhar card, pan card, 10th, 12th marksheet, graduation certificate, passport, birth certificate, payslips, previous offer letter, resignation mail, proof of bonuses and all sorts of documents. 

It's funny how they think trust only works one way. I've withdrawn the application as there were too many red flags during the entire process. I really wish the Indian corporate system had an open culture where trust is bidirectional and not act like we're at the mercy of their job.

Funny interview at a startup

I do not know why, but the startups at Bangalore (not unicorns), which are reputed but established but other startups saying they feature innovation , product-based innovation, increasing innovation, etc are all shit as most of their revenue comes from clients, and once they walk out, they are closed up, In last week, 3 of my friends got laid off and there are really tough times ahead. 

Any one here has experience with shitty startups in Bangalore?

Bangalore startups are useless

Data Analyst

The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great. 

India on the other hand is poised to become a great multi-trillion $ economy.

Onto something huge. We're talking like 10x growth of the economy here.

Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years. 

Be the capitalist, take the risks, make bets, work and stack up promotions and money.

Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.

Work hard and build in India 🇮🇳

I'm tired of this bullcrap. India will not keep growing if the US goes under. And all that growth shit is exaggerated. Divide those numbers by our population and it doesn't amount to shit. 
 All your fancy startups don't even combine up in value to even a single big tech company. 
 Yes we are growing but the inflation is also going up. On the whole I barely see any improvement.

Former Mooofarm Employees allege that the company's founders ignored widespread sales misreporting and misled investors with projections

How Accel-Backed Mooofarm’s Dairy Tech Promise Soured

Another one bites the dust!

I was speaking to an ex-colleague and he mentioned how my previous employer, a lending startup, has been intentionally over-reporting disbursal numbers and under-reporting delinquencies in portfolio.

They conveniently chuck the NBFC partners who dare to ask questions and instead catch new fish. During my time I saw sales staff committing rampant frauds and making money on the sides from users. The founders conveniently turned a blind eye till there was new business coming in. They've seemingly moved on to the next level now.

The founders have top pedigree and already come from well off families. Makes me wonder how many such skeletons are buried across startups and what leads to such behaviour. Especially in the wake of what we saw with GoMechanic, Zilingo etc.

Indian startups are nothing more than a scam.

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