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My hustle mindset backfired and Lost all,but am happy

I got into a startup (informal) and invested my savings and also took loan from friends and family. It would take a couple of years to clear up but I am happy thwt I didn't let go.of the opportunity and the learnings also realised the following. 1.I enjoyed the thrill 2.When something has to go wrong,It will 3.My priorities changed (family,health,mental peace) 4.I am enjoying what I have more than ever and not cribbing about what I don't have. I am about to touch 40 and lose all savings(instead loans on the head) but I have never felt so calm ;) Anyone with a similar life altering experience 😉

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Guddu2507

Stealth

a year ago

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salt

Gojek

a year ago

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Angrybirdd

Mentor/Advisor

a year ago

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Ambani

Jio

a year ago

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Angrybirdd

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a year ago

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Guddu2507

Stealth

a year ago

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arbitdxc

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a year ago

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Angrybirdd

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a year ago

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arbitdxc

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a year ago

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SteepHost15

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bruh7

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a year ago

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PersistantEndeavour1

Government of India

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Angrybirdd

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arbitdxc

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TechBro

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OnADietCoke

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Angrybirdd

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AmpleHawk1

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Angrybirdd

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AmpleHawk1

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BlankStareIntoSoul

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HappyFeet92

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Kuchup

Optum

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Indian Startups on

by Royalflush

Stealth

PSA: What 8 years in startups have taught me

I've been in startups for the last 8 years. From Series B/C onwards to even a unicorn, over time worked at 3. One of them was an outright scam, raised many millions of $s from top investors, and then ultimately died. Also close with CXOs at decent sized startups, and there is a pattern out there. A few thoughts: 1. Being a startup founder is tough. There's pain. Some people thrive in pain. AKA Masochists. Know how to spot a founder who works 15 hours a day because they love their vision vs. somebody who works 15 hours a day because they're masochists. These people thrive in pain, and hence love to see you miserable as you slog away the hours under their leadership. There is absolutely no vision for the future that they have. They do it for the fame, money, and cause a lot of pain in the process. Nothing good comes out of it. Investors love this breed. 2. I wish I'd done more than just leave the scammy startup. At the point, I decided against whistleblowing. Because I thought there's so many people employed here, they would all be impacted. Over time, 200-300 people more joined after I left. Once the scam was caught, all of them lost their jobs. 3. I'm not a coder. I'm a generalist. Over time, my pay grew but not in line with my peers who went into consulting/VC and then came back to big tech/startups. Over time, you disadvantage yourself if you stick around as a generalist in startups for too long. The next team pays you at some premium over the last one, there's no step jump. You need to somehow find a successful startup early, and genuinely, that is impossible to game - even VCs have to bet on 20 to get it right. These are a few disjointed thoughts. I hope they give some insight. My only takeaways: - If you work at a scammy startup, don't stand it. At least, don't stick around. - I earn lesser than my peers (tier 1 undergrad), but I regret nothing. I love my work, and I'll never get over the kick. I cannot imagine working at a larger company ever again. - Ultimately, you have to be optimistic. Believe that India will grow, good founders will come around, magic will happen ❤️