Don’t go .. worst company toxic ppl company will shut down soon

Data engineer

From what I learned from ex- PMs, the experience was horrific. They strongly recommended to not join and said that they have a culture of hiring and firing. Also really talented and celebrated PMs have been put on PIP to create pressure.

Product Manager

@ObeseSoap32 did you get any idea about the culture at Velocity? I'm interviewing with them and considering if I should join or not?

Do you approve of the product team and the culture at Velocity? They are into RBF Funding for D2C startups.

Welcome to Product Managers's Private Community

Velocity Product Culture

Velocity Product Culture- Grapevine

Welcome to Indian Startups's Private Community

Considering joining Velocity (HSR, Bangalore) in the capacity of a product manager but I have read a lot of negative reviews about the company on Glassdoor. I also checked their LI and saw that a lot of employees had left Velocity in less than a year. Can someone give me reviews on -
1) Work culture and WLB
2) Product culture and company strategy 
3) CEO/CTO review (since I'll be working directly with them)

Work and product culture at the RBF startup Velocity?

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Analyst

Heard 20% of workforce is laid off in velocity this week.

Layoffs in Velocity ?

Consultant

Does anyone how is velocity as a startup? Any idea?

Velocity startup - does anyone know?

A big challenge for arguably most early stage startups is going from 2-3 lakhs per month to 5-10 lakhs per month and more in revenue. Market is willing to provide credit or loans for the latter but not the former.

It's the former that need it more but there are no collateral free loan options in the market that are reasonable. Even though India collects hefty tax and revenue from global businesses with digital platforms and products, it's unwilling to provide collateral-free loans to startups born in India.

The best you can get is from NBFCs or private lenders at more than 12-15% interest (which is often more than the net profit for a lot of startups, hence impractical). Most govt loans and schemes aren't applicable to a large portion of startups because of their criteria.

Even setting up the company can often take months. GST and taxes are a nightmare. Where is this "ease of business" that people talk about?

Unless entrepreneurs bankroll everything from their own pockets, there is almost no way for bootstrapped startups to build and grow sustainably in India.

I've never met a single entrepreneur who availed a govt scheme to get loans for their business in India. I wonder where all that budget money went.

Startup India is a sham

Generalist

How's the product culture and pay like for APM level roles at a few Unicorns like now that the company has established themselves?

- Inmobi/Glance
- Flipkart
- Myntra
- MakemyTrip
- Zepto
- Ola electric
- Blusmart 

Thoughts on any of the above would be really appreciated!

Product culture at companies?

Program Manager

In your opinion, which companies in your opinion have one of the best product management culture in India? Why do you think so? You may name your current company too.

Companies with best PM culture

Software Engineer

I'll go first.

1. even healthcare
2. Hike/Rush
3. Spartan Poker
4. Ultrahuman
5. Invideo

Mention the reason too if possible.
Let's discover some hidden ones. Brownie points if you mention startups that only a few have heard of.

If you know a less-known Indian startup that is doing some crazy shit (not so obvious ones), do mention.

Your turn.

What are some cool startups (Indian) you would love to work with?

As an ex-Ultrahuman employee, I can confirm that you don’t want to work there. 
  
 The culture is cut throat. I was there for an year and I got a total of 3 weekends where I didn’t touch my laptop. 
  
 Credit where its due, founders and people are amazing, it’s just that the expectations are so high that you are constantly overworked.

Marketing Associate

Looks like they finally changed things up for the better. I had posted about them before, was pretty sure they'd shut soon because their RBF+escrow model just didn't make sense as a business owner.

 You cannot justify taking money yourself first and then transferring to your client after deducting your charges. Cash flow is everything for a small business, becoming a gatekeeper is stupid when bank loans and even informal loans are an option. I even told this to their team upfront.

Looks like they still have it but NACH option is good and rate of interest is almost at par with banks and nbfcs now (quoted 1% per month). Was checking out Kinara capital recently, they charge 24% annually which is double the cost.

I hope velocity can turn things around with their lessons, and it's not too little too late. Let's see how it goes.

Velocity changing their model

How's the culture in Cred? Especially in Product/Data teams? And where are they from layoff standpoint?

Culture at Cred

Hi folks, 

I'm Kashish, the CEO of EquityList and Founder of Cloud Capital which I run as a solo GP.
A little bit about what we do: 

EquityList is a full-stack equity management platform by AngelList India. Companies across India, US and Singapore use EquityList to manage their cap table, stock options (ESOP/SAR), shareholders, and related compliances. Managing equity for 10k+ stakeholders, 250+ companies and ~$1B in stock options.

Cloud Capital has deployed $8M+ in 55+ startups such as Airmeet, Rupifi, Orange Health, DevRev, ZET (OneCode) and others. I've also angel invested in startups such as OSlash, Atlys, Chronicle, Even Healthcare and others.

Excited to do this AMA, and look forward to answering any of your questions about ESOPs, cap table management, investing, entrepreneurship, and more!

LinkedIn: https://www.linkedin.com/in/kashisharma

Live AMA: Hey everyone, I'm Kashish, CEO of EquityList. Ask me anything!

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

Had heard good things about Go Jek engineering team in Bangalore but things have deteriorated now

Razorpay had an excellent engineering culture too at one point of time.

What are some upcoming startups that can match these?

Which startup has the best engineering culture?

How is product culture of cashfree Payments?

Hi

Which are some true product focused companies in India?

Product focused companies in India

Founder

Welcome to Software Engineers's Private Community

Hey I was put on pip in my current organisation, I am looking for a new job , but don't want to join another place where I am bound to fail. I will be some taking time in finding the next job, not in a hurry. Let me know which companies have a decent culture and also pays good.
TC: 32 lpa
YOE: 3

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Folks, any idea about culture at verse innovation? How is the company doing in terms of product, vision, profitability etc?

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