Tony Hsieh if you know him, had one of the worst ends for such a successful/charismatic/category defining entrepreneur: 

https://www.forbes.com/sites/ange

Tony Hsieh if you know him, had one of the worst ends for such a successful/charismatic/category defining entrepreneur: 

https://www.forbes.com/sites/angelauyeung/2023/04/23/wonder-boy-book-excerpt-tony-hsieh-final-days/

Just read the saddest article about a Tech CEO I’ve ever read :(

Just read the saddest article about a Tech CEO I’ve ever read :(- Grapevine

Welcome to Indian Startups's Private Community

Just In : Byjus India CEO Arjun Mohan Steps down

Program Manager

Welcome to Office Gossip's Private Community

The vast majority of U.S. billionaires are founders who started companies or heirs who mostly lucked into their fortunes. A tiny subset got hired into jobs t...

How These Billionaires Made Their Wealth Climbing The Corporate Ladder

You don't need to be a founder to make a lot of money

Growth Manager

Unacademy will be laying off 30% of its workforce this week. The list of people who will be laid off has been finalised and received signoff from Gaurav & Roman. 

Sad State of Affairs.

Unacademy fresh Layoffs 😶‍🌫️

Thoughts on how to sell to investors in the name of tech

For many years, coliving has masqueraded as a technology business. Several startups and venture investors have learnt the hard way that it is merely a paying guest accommodation business.

Stanza and the coliving business struggle to survive

Another startup about to crash

Welcome to News Discussion's Private Community

While people jost the jobs, founders will enjoy their vacations in Maldives. Don't worry India me bhi yahi hone wala hai abhi 70hrs ka demand hoga, jab startup bankruptcy file karenge tab founders massive cash deposits ke sath vacations pe jayenge, buy big houses and mercedes. And later blame the people because we didn't put 70hrs enough.

Unlike WeWork’s misfortunes, former CEO and co-founder Adam Neumann has seen a different financial trajectory. 

WeWork bankruptcy: Co-founder Adam Neumann’s wealth soared as company struggled

Dear founders. Still want to play victim card???

Product Owner

Just last week he was giving gyan on why BYJUs failed. Welcome BYJUs 2.0..

Another one bites the dust...

Sales

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!

People way overestimate the life of founders

Founder

Another consumer tech startup bites the dust :/

https://entrackr.com/2023/10/ex-myntra-ceos-startup-virgio-shuts-down-after-raising-37-mn/

Virgio shuts down a year into raising $37Mn

Corporate strategy

"In venture capital, you are what you fund." - The Verge

- Last week, Andreessen Horowitz founders declared their support for Trump, citing financial reasons on their podcast.
- They claim to be nervous about social backlash, but their actions align with a broader pro-Trump movement among tech elites.
- Their support for Trump prioritizes issues like crypto and AI over fundamental rights and democracy.
- They criticize Biden's administration for its stance on crypto and AI, but their arguments often seem self-serving.
- Their endorsement of Trump and Vance reflects a troubling trade-off against personal freedoms and democratic principles. 

 Source: The Verge; Image: The Information

The "Moral Bankruptcy" of Marc Andreessen and Ben Horowitz?

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What are some of the Startups known for their terrible work environment? Apart from the usual suspects in the edtech space.

Just read the saddest article about a Tech CEO I’ve ever read :(

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