Oyo head getting married. Softbank head guest

Investor

@Elon_Musk that guy is one of the biggest investors in the world

Business Development Manager

Founder

Software Engineer

Ritesh is one of the brutal person you can meet. He’s good with you till things are in his favour, he has ruined so many people ( startup’s founder, hotel owners ) life and nothing comes out because of his PR agencies and connections.

Analyst

You can read about Manish Sinha and zostel vs OYO. Zostel founder have to struggle a lot because of the pressure from OYO but eventually zostel won.

https://www.livemint.com/Companies/7CN7u5d4i3bfYgBAZLdLpM/Will-the-real-Ritesh-Agarwal-please-stand-up.html?facet=amp

Team Lead

Heard that they’ve actually had a fallout

Corporate Strategist

Hahah he’s getting something more than that 🤣

Product Marketing Manager

Welcome to Indian Startups's Private Community

Next round Term Sheet as a wedding gift?

Next round Term Sheet as a wedding gift?- Grapevine

This influencer with a massive following on YouTube laid me & my team off within a week of hiring since apparently they have deferred their Series A. Bro, why didn't you figure it out before I joined. They bumped off Sourcing, D2C sales head, Finance, Offline Sales head, etc as well. Apparently - they still have the HR head drawing the salary of probably more than 50L pa since they need to build 'culture' for a team size of less than 25 ppl now.

Business model: D2C business launching products in partnership with Influencer to leverage their following

Founders couldn't Figure Out fund raise

Bro there's Sham in the name.  What else did you expect.

Sales Manager

Consultant

Know a cousin who is a founder. Tells me with experience that VCs in India only operate in FOMO. Unless you tell them another VC is looking to invest in you, they will NEVER invest in you. 

They need fomo to operate 

Only exception is ex CXO founders (high profile), where they know they'll get funded so it's fastest fingers first!!

People should call this out more. What are examples around you where VCs have done something bad to a startup?

Growth And Strategy

Welcome to Business Roles's Private Community

Hey everyone. 

Thought I could do an AMA. A bit about me - have 4 years of work experience and graduated from a non engineering college. Was at a startup before (from Series B to Series D) before becoming a VC

Personally look at consumer and B2B investments here 

Happy to answer any questions around life as a junior VC, startup ecosystem, career growth etc.

AMA: I work at a large VC Fund focusing on early stage investments

This is the biggest problem with VC ecosystem 4 yoe kids taking calls on experienced, hardworking founders. Dude first learn the game then invest , judge people playing the game. VCs know nothing about how to run startups. Unless they have been entrepreneurs themselves. IMO It's a colossal waste of talent to become a VC for young PPL.

Investment Associate

Hi I am working in a pre-seed startup. The product is good and the industry has scope to grow. 
I am their first hiring, as well as the only Backend Engineer till now. I am about to complete 1 year.

Company's current valuation is 2M at 11% and I have recieved 5Lakh as Esops vested in 4 years in last year's CTC.

I want to negotiate for a direct equity handover apart from my ESOPS at Uniocorn valuation of the company with my CTO in coming months like 1% equity. I want to ask if anyone else had done such contract with their founders and negotiation tips to succeed with negotiation

Equity negotiation

Is wedding insurance really a thing or a scam, in India? Lemme know folks!

Wedding insurance?

Human Resources

Is there a massive information asymmetry among VCs as well ? What is the level of fluidity in the system when it comes to information sharing ? What is the extent of damage, a few VCs opinion of a startup does to the start-ups fundraising capabilities?

What is the level of collusion among Indian VCs when it comes to passing confidential information as a gossip ?

Investment Banking Associate

Cleared all rounds and feedback was great, before releasing offer letter, HR sent an email asking for lot of documents - current company’s offer letter, increment letter, other offer letters that I hold, resignation acceptance letter citing last working date, etc.  
is this normal?

HR asking infi docs before offer letter

Software Developer

I hope we never get to this level 😅

Product Manager

Moengage is hosting a “flagship” event in their “home turf” and are asking employees not to come so they can save money on the number of plates served during lunch and the amount of beer bottles served. 

What’s the cheapest cost cutting measure your company has taken so far?

The irony is that Moengage called an investor to whitewash their financial condition in a recent town hall.

What’s the chindiest cost cutting measure your company has taken?

I'm seeing so many posts where startup employees are cribbing about things like layoffs, work culture etc etc. Doesn't seem like they have perspective on everything it takes to build a startup. I've built a failed startup myself and have immense respect for founders who are grinding it out there in such difficult recessionary circumstances. 

And then you have so many of the engineers and PMs cribbing about basics without talking about important things like learning growth, building for the future etc. Why such myopia? I work at a big tech and envy the speed at which startups move, the big responsibility everyone gets to handle, the fast career growth. All these things are being cribbed about. They crib about founders wanting more. Their job is to ensure success, not to give lifetime jobs to entitled people. They have more headaches you can imagine. In my small startup I had a million headaches. I can only imagine how hard it must be to run larger ships. Is everyone joining a startup these days looking for a get rich quick scheme?

Why are startup folks so entitled?

If you can’t run a business that lets people have a normal life then you’re the one who thinks they’re entitled to employees. 
 Businesses must take risk, employees don’t. Stop your whining that people won’t support shitty business plans

Growth Manager

Hi, what are some average salary of CPO, Head of Product, SVP of Product at mid to late stage startups? I understand it will be a mix of cash + equity. What are those levels?

Salary of CPO, SVP product

Today’s my wife birthday and need unique ideas to celebrate. Suggestion?

Gift for the lady

Strategy & Operations

Welcome to Office Gossip's Private Community

https://anonymfile.com/NEEXl/tiger-global-draft-of-new-yorker-story-doing-the-rounds-in-nyc.pdf

TLDR: Tiger Global may pass soon.

Leaked NewYorker Article on Tiger Global

A few summary points:
- LP risk is over exposed to VC funds (Tiger, for these LPs)
- Tiger has had abysmal investments and returns these last few years
- They've actively looking to pass on their assets to buyers where they can find them 
- Lee Fixel, the most prolific investor they had left a few years back
- The fund has been led by Scott Shleifer; who has reported to been an alcoholic, hosts drug parties, and invests with very little DD/deep dive.

All in all, this is scary stuff. With Softbank and Tiger both seeing difficult times, this feels like the Lehman moment for the VC industry.

Best ideas/ places for proposal in Bangalore - friend just planned a surprise trip from Delhi and is thinking to surprise his girlfriend and propose her for marriage tonight. Need ideas asap.

Proposal ideas?

29,M. I am planning to get married this year. My parents have not accumulated much money, plus i don't want to burden them with the expenses of my marriage, hence I will be sponsoring the marriage on my own. Same is the case for my partner, and we will split all expenses equally.

Now, here comes the twist, our parents wish to retain the "izzat" that they have in the society and want to do a big wedding. The budget that I have been told is minimum 20L. Tbh, I don't want to spend this much. I was looking for something ~ 5L.

People on grapevine, especially the members who married recently, what do you think is a decent budget for marriage. Additionally, could you help out in some money saving hacks.

Budget for marriage

Guys suggesting court marriage, please read the OPs question again. He isn't confused between court marriage or a grand wedding. He wants to understand what the budget should be.  
  
 Groom side expenses 
 Clothing: 70k 
 Jewellery gifted to girl: 2~3L 
 Return gifts (Usually sweets): 1L 
 Stay for guests (30rooms, 2 days): 1.5L 
  
 Bride side expenses  
 Clothing: 1.5L 
 Gifts to guy: 2L 
 Jewellery: 3L 
 Makeup: 30k 
 Return gifts: 1L 
 Stay( Same as groom): 1.5L 
  
 Common expenses 
 Photography (2 days): 3L 
 Venue + Food (2 days): 6~8L (Per plate ranges between 1k to 2.5k in tier cities) 
 Parents shopping: 4L (2L per side) 
  
 Total expense= ~30L for both sides. Now you can decide what to cut and what to spend on.

Welcome to News Discussion's Private Community

This is major. $1Bn round, while getting a premium in valuation.

Welcome to Personal Finance's Private Community

Govt of India is best at killing Middle Class. What percentage of your total CTC did you pay in tax. Income Tax department id the new Sahukar.

Percentage of Total CTC did you pay in tax ?

I have recently received an offer from a startup and my offer letter says that I will receive esops (post round). 

What does post round here mean?

Next round Term Sheet as a wedding gift?

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