The startup is Accel and Elevation backed.
The company raised seed funding because the founder and team is from IIT- Kharagpur, and Accel + Elevation have people from IIT-Kharagpur working in their team.
The founder has no prior work experience, no manners on how to speak with anyone (office boy, or women employees) keeps firing people who don’t agree with him, insists on being in the office for 12 hours because he pays us.
Hiring criteria is -
1. Single people, so no distraction. He asks are you single or in a relationship (in the interview)
2. No married people
3. Hire women only if they can stay in office till 5 AM (US based startup)
4. Everyone has to be in office for 12 hours compulsory for all 6 days of week
He boasts on how the VCs will save his ass even if the product fails, has said that worst case scenario I will make money because I know company will be acquired.
He hires domain experts, makes them create playbook and train juniors to do the work, and then fires them saying "We have to stay lean, and this is a bad market". He did this with 3 departments already.
How are the VCs not asking him basic due diligence questions? He is now raising 8 million follow up round.
