You see a lot of this in trading, people post screenshots of earning lakhs in a day with few trades aur uske neeche they post links to their trading seminar for 1599 with GST

Software Engineer

Product Manager

Consultant

Modern day snake oil sales folks

Modern day snake oil sales folks- Grapevine

Welcome to Indian Startups's Private Community

A lot of folks working at startups seem to be "passionate " about their job. Some of them possibly, truly are. Some foolishly reverse engineer this passion because they're paid really well and they've been doing a good job and it's good personal PR to say "passion".  A few reality checks.

1. Your cool Bangalore lifestyle is a result of investment risks/bets taken by VC's .

2. Your salary is as much about the market demand as it is about your " passion " and talent.

3. Startups will generally lower the bar for hiring processes to meet their demand for talent. Why need so much talent? Because the startup  needs to spend that 100M$ Series C that just made them a unicorn. That's how they convince the VC to give more money. "We are going to 2x revenue by 2xing our salesforce and buying 10M$ worth of Saas that will increase our productivity by 5x. " And boom ...100M$ transferred into you SVB bank account.

4. You are as replaceable as a garbage bag on your dustbin. The HR is probably flirting with 10 other like you over linkedin.


5. The "values" this startup apparently espouses are mostly nothing but a honey trap and positioning to lure talent.

It's great to have a nice tech job that pays well and allows you to gloat on twitter like a techbro but don't let it fool you into getting an inflated sense of entitlement. You're probably living on borrowed time....and money. :)

" Passionate " Startup folks

Just be careful, these advertisements are misleading and the guy has not appropriate PM skills. He’s spamming lots of people with paid advertisements. 

As there’s no other mechanism to stop such people for defrauding innocent youngsters.

Another snake-oil seller⚠️

So recently stoa announced that they’re revamping their business. And for some reason everyone (other startup founders/ twitter folks) were supporting them and telling them not to get discouraged and to keep building and other shit. 

I’ve interacted with a few stoa students and they have nothing good to say about stoa. Apparently they were promised placements which no one got. 

Most of the people I know who did the stoa program, did it because they were sold the idea of getting a good consulting / founders office kinda job. The fees aren’t cheap for anyone coming from a middle class background. 

What pisses me off is why are we as a society encouraging such founders - like they sold something without being able to deliver which had a direct impact on the life of students. 

In my personal humble opinion these people need to be called out.

Stoa vent

Founder’s office

Not going to lie but Ashneer was right, Mankur Marikoo ka naam saath mei mat lena, tu mujhe gaali se se but naam saath mei mat lena( because he’s the biggest scam artist after Dakshat Shrivastava)

 Just like Vauld, Marikoo turns out to be the biggest sell out of all time yet again. With Fraud Shamani and Chetan Bro-goat following him, they promoted a scam Startup Conference in Noida stating you can raise funding there, that too within 3 days.

Turns out you have to pay 💰 a boatload of cash to get into the conference. Now it turns out to be a scam when the organisers fled away with the money.

It’s a pity that people follow these charlatans who masquerade as superior beings while their true character is revealed in moments like this..

Latest Scam: Ankur Warikoo, Chetan Bhagat, Raj Shamani

Saw a LinkedIn post for bashing UI/UX tutorial. This person spams more than Warikoo

Iska time ayega ab

Even I know that’s not happening anytime soon. Why lie like that

The Edtech overselling problem. I literally make 25LPA rn and theyre saying they can take me to 60LPA

1. Novel/new business idea 
2. Degrees/MBAs
3. Experience/reputation
4. Money (hardly 20-30k to register company)
5. CTO
6. Employees/Co-founders
7. External investment
8. Website/app
9. Social media accounts
10. Office location (register home as office)

Far too many people focus on needing xyz before starting up. Most of them are excuses and self-imposed roadblocks from what I've seen in my conversations with people.

I'm currently working on 2 ventures that still have many items missing from this list. Doesn't really stop me from making revenue and profit.

Sure, there may be some things required from this list for specific businesses and at diff stages. But they are mostly an extra, good to have but not required.

What is required in copious amounts is courage and will power, willingness to face rejections and ability to withstand multiple failures only to get back up and try again. Also, a healthy enough risk appetite.

I hope to see more young and talented folks (especially MBA grads) start their own thing some day. Best time is in your twenties and early thirties, when you have little to lose. 

If you have any business ideas you want help with, I'd be happy to discuss and share contacts and resources if required.

Good luck soldiers, see you in the arena 🪖

What you DON'T NEED to run a business/startup/side hustle

Product Owner

What's the obsession with food these days?
Instagram has food vloggers, every other women is cooking staple diet with some romantic music in bg & people are going gaga over those videos?
These influencers are acting as if they are teaching something which is inaccessible to people for a long time.
And then we have pseudo-scientific nutritionists. Every other nutritionists discredits each other's opinion. In essence, they are just like astrologers. Fear mongering about our own diet & gullible people buying expensive shit.
The whole food business just like every health & allied business is a scam because they feed on your insecurity. The beauty & cosmetic products is another example. Protein Powder industry. Seeds/Nuts. Man, what a bunch of hype-induced souls.

Food Hype

Either he is EVIL or just have no idea how to communicate

From the land of Snake Charmers to Scammers!

"Interviews are hard in that they have absolutely nothing to do with your day-to-day job. If I were to go through the interviews again right now I'd make a massive fool of myself. 

I'd say it's basically common knowledge that prior to making any hops, you've got to take at least a month or two to grind leetcode problems so that you're back in that head space where you can solve pointless problems with high efficiency.

Interviews are also hard because, if you end up with the personality type which views interviews as a chance to show how much more clever they are than everyone, then you've already failed. Their ego is tied to their "high bar" and impossible question set, and you're just fodder for them to show off that "high personal bar" during the de-brief."

A lot of FAANG engineers seem to report that the interview was the hardest thing... | Hacker News

A lot of FAANG engineers report that the interview was the hardest thing that they've done, harder than anything they do as part of their actual job

Growth Manager

This news is a reminder that everyone who can move market in the stock market is a scamster. Just that some gets caught, others are enjoying till the party last.
The detailed SEBI report is an eye opener with WA chats screenshots

Zee Business Panelists' scam

State on digital startups, I asked for multi year premium they gave this gas.

Lol rather than selling good insurance they sell BS

So stable money is just another fintech platform where basically you can do FD from various banks and corporates.

This concept isn't new, other apps and websites offer the same as well.

Weirdly, everyone is posting about it on LinkedIn & Twitter. I can see that stable money is giving merch to them but are these people getting merch just to post a positive review? Anyone has insider news?

Why everyone is posting about "Stable Money" ?

My dentist had once warned against the likes of Toothsi but this kind of practise is extremely unsafe. How are medical authorities even letting it slide? 

https://themorningcontext.com/internet/dental-startup-toothsi-is-failing-its-customers

Sales people pretending to be dentists

VC Analyst

There’s no way MamaEarth is worth 10,000 crores, I mean their products are shit, they don’t even manufacture their own products, they don’t have any patents. It’s essentially just a marketing company who have managed to sell mediocre products under the disguise of “toxin-free”.
I really wished their IPO would fail 🥲

Is Mamaearth another story of VCs making a shit ton of money at the expense of retail investors ?

Is it just me or lately too many instagram ads I have been seeing selling courses ranging from AI, FE, BE, Data science, SQL, from today even some courses teaching power BI and all started appearing in my feed. 

Looks like so called tech influencer are trying to cash in on the current market conditions by selling their courses.

Has anyone else seen this trend?

Everyone selling a course of their own

Computer operator

My friend was supposed to join MPL but his offer got rescinded. I also heard they’ll start laying off soon. 
Can anyone shed some light on this? 

Because I was planning on taking a role there as soon as my friend joined in.

Heard they have awesome work life balance + free food + frequent parties etc etc.

Modern day snake oil sales folks

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