Its easier to laugh at them now. Its not a foolproof method but their returns talk louder than their failures and at the end of 5 years, thats what matters. 
  
 Every business makes mistakes and this is just one of them rare big ones from Sequoia

Product Marketing Manager

Welcome to Indian Startups's Private Community

Now that SBF has been convicted, good reminder of how much awe Sequoia partners were in of SBF.

Software Engineer

Now that SBF has been convicted, good reminder of how much awe Sequoia partners were in of SBF.- Grapevine

Reason given by investors on Mojocare sounds very fishy. At one end they are blaming the founder for embezzlement while on other end they are blaming market conditions and unsustainable business model for the layoff of employees. Doglapan?

Project Manager

Classplus is falling apart. The CTO, CBO and VP-Business have resigned from the company amidst rumours around financial irregularities. Classplus now joins a long list of Indian startups caught amidst fraud/financial irregularities allegations. Classplus was last valued $600Mn in their last funding round and counts Tiger Global, Falcon Edge, Peak XV (formerly Sequoia India) as their investors.

Classplus is going belly up. Big news to come out soon.

Founder

Sequoia rebrands to Peak XV Partners. They are giving a positive spin in the press but not hard to connect the dots.

Program Manager

Welcome to News Discussion's Private Community

These charges carry a maximum sentence of 110 years.

Mr. Bankman-Fried’s sentencing is set for March 28.

The FTX founder became a symbol of crypto’s excesses last year, when his company collapsed and he was charged with stealing as much as $10 billion from customers to finance political contributions, venture capital investments and other extravagant spending.

Here’s the latest on the trial.

SBF found guilty on all 7 charges of fraud

Corporate Strategist

Brace yourself everybody. Another big fraud coming and this will be bigger than what we have seen so far. Sequoia (Peak XV) portfolio company.

Finance Consultant

Just wanted to give some updates now that it has been 1 month since the last post

1) Senior Leadership from Tech (3) , a senior director from Product , Finance Head have all resigned. Strategy team has been dissolved. 
2) There are more people in the pipeline and will get more clarity by month end.
3) Everyone over the CTC of 60 lakh has been asked about the revenue that they bring in and based on that, their position is being reconsidered.
4) All contract workers have been terminated. Interns have been told that they won't be receiving PPOs.
5) Senior Management Has been asked to take 20% paycuts. 
6) Even at Junior level, people have been asked to take pay cuts or resign.
7) Lots of tools used in tech are being removed and AWS subscription has also been revised.


Meanwhile HRs have been celebrating on slack channels that Yubi has been ranked in Top 25 companies for career development :/

Rampant Negativity at Yubi Part 2

Growth Manager

Paytm is becoming the Enron of India with so many allegations of fraud and compliance issues.

Paytm might've committed forex fraud

Software Developer

GoMechanic cooked the books 😐

Cloud Architect

I will go first: 
Supam Maheswari, 3 unicorns, 2 of them are profitable (FirstCry, Xpressbees) (Globalbees)

Kishore Biyani, founder BigBazaar

Who are the people in Indian Startup space you greatly regard to?

Sequoia in trouble. Major shake ups.

Things like this make startups sound like a ponzi scheme

know of a Sequoia backed founder who moved from edtech to crypto to AI over last 3 years. Should Founders also chase just what is hot in the market?

willl try my best to be honest, ask me anything

AMA - I work at a VC fund

Analyst

This comes 2 weeks after the appraisal cycle with 10% standard hike and multiple promotions. The management doesn’t see the macro economic scenario change in next 1 year. Consulting/strategy role referrals would be appreciated.

Binny Bansal’s xto10x lays off 40% workforce

Engineering Manager

Strategy & Operations

Indian founders should pay the price for frauds. Ashneer Grover driving his Ferrari bought from stolen money and becoming a hero on television has set up a very bad example for the youth.

Elizabeth Holmes (Theranos) is in jail in the US for frauds she committed. Why aren't any Indian founder in jail for cheating investors and employees? How are Indian founders able to get away with shit? Its sets a very bad example

Another one bites the dust. Alpha Wave is too big, and this is fucked up for the ecosystem. They were really one of the heavy weights. Another big wallet with growth funding ability, just gone...

Alpha Wave Global to stop startup investments in India 🚨

They have big pockets but very cunning and power hungry people. They promote cut-throat ruthlessness. They are being smart now and backing out early so that later they can wash off their hands form being one of the primary players to have destroyed the startup ecosystem. The OG falcon had at least little bit of honesty, business savvyness and heart. From the time it became alpha wave and some terrible incompetent people took up important roles, it has been a downhill.  
  
 Someone from alpha -  be the whistleblower. But unlikely there would be anyone who has the guts to speak up. Their leaders have ensured to hire only weak yes-people.

Now that SBF has been convicted, good reminder of how much awe Sequoia partners were in of SBF.

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