PeakXV (sequoia) has a history of firing CEOs and changing leadership when they become an investor.  At least in this case they'll have full support.

PeakXV (sequoia) has a history of firing CEOs and changing leadership when they become an investor.

At least in this case they'll have full support.

PeakXV (sequoia) should by RCB

Product Manager

PeakXV (sequoia) should by RCB- Grapevine

Welcome to Indian Startups's Private Community

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 Software Engineers's Private Community

What is the interview process of Grapevine?

Grapevine

Welcome to Office Gossip's Private Community

The new policies introduced by CFO Subramaniam in last 6 months have dented company's revenue massively.

His decisions will show results in long term, but in short term they are incurring losses. In the last investor meeting held with peak xv and softbank, this is the question investors were putting-
1. Why the personal distribution policy of educators was implemented without concrete plan in place?
2. Why growth declined in some of the most profit making businesses?
3. Why were educators being paid heavily without including S&M cost and Tech cost to their revenue?
4. Why suddenly there was a mass dropout of existing educators who were helping in driving revenue?

Good or for Bad, investors feel that decisions lacked ownership and growth intent.

Peak xv and softbank decided to replace CFO with their internal finance consultant, likely Jai Decosta.

What is your take on the decision?

Why was unacademy CFO fired?

Consultant

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

Did sequoia have an ownership target? How does your team and you feel post the funding? What can we expect as a next step? How soon will the monetisation bug kick in?

https://entrackr.com/2023/10/exclusive-peak-xv-acquires-over-21-stake-in-grapevine/

Grapevine funding analysis

Product Owner

Exclusive: Peak XV acquires over 21% stake in Grapevine

Why do US VCs like Sequoia and Mattix rebrand to PeakXV and Z47 in India?

Is this just a politically correct way of exiting the market after realising India is not doing well for them?

https://techcrunch.com/2024/06/29/matrix-rebrands-india-china-units-for-organizational-independence/

Why do VCs rebrand?

Software Engineer

Welcome to News Discussion's Private Community

It announced fundrise from peakXV (previously Sequoia).

From what I can deduce, they diluted a bit too much. But, I hope that the founding team makes a good one from this!

Cheers Michael bhai!

Badhai ho grapevine!

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

This platform is now gonna scale, but isn’t 21% too much? Thoughts pls.

PeakXV holds over 21% of Grapevine

Peak XV Partners or Peak FRAUD

Finance Consultant

After Unicorns now it's VCs 😁

Any idea whether this happened in India as well for their new entity ?

https://www.forbes.com/sites/kenrickcai/2023/07/24/sequoia-talent-team-layoffs-firm-restructuring/?sh=5d3a78d925f4

Sequoia VC  Layoffs

LFG! Peak Zuckerberg ambition and energy 💜

Corporate Strategist

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?

Software Developer

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

As reports suggest that grapevine is raising money from Peak Fifteen (previously Sequoia), will they allow negative posts about their portfolio companies on the platform?

Peak Fifteen has a record of controlling the media narratives for their portfolio companies before, hope they don't kill this platform!

PeakXV (sequoia) should by RCB

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