This is actually very well written. Can you share more such publications?
WeWork India could be very big.

@salt Very difficult to find good writing! Will definitely share anything that I find. This particular one is boringmoney.in BTW you can subscribe to it.

Product Manager

WeWork India could be big but it's not what the original WeWork wanted to be. Even at this scale, WeWork India is valued at only about $450m. WeWork Inc wanted to be a moonshot in the tens of billions at the very least.

WeWork US is selling at a lower valuation, Embassy is selling at a higher valuation!

Welcome to Indian Startups's Private Community

Two valuations of the same company at the same time can apparently coexist

WeWork gets a crap deal but Embassy gets a great one

WeWork is exiting India and losing money on its investment even though WeWork India is doing well

WeWork is exiting India and losing money on its investment even though WeWork India is doing well- Grapevine

Welcome to News Discussion's Private Community

Let me down slowly 🎶

Growth Manager

WeWork, once at 47 billion $ valuation, at brink of bankruptcy

Software Engineer

Hi guys, I have taken a virtual office at WeWork and now I see that Wework is filing for bankruptcy. Would that affect my membership at WeWork BKC office?

We Work 📉

Analyst

Welcome to Software Engineers's Private Community

I have interviews scheduled for a sde 2 frontend role

Has anyone interviewed with WeWork India? How was it like?

Now that we are hearing WeWork could file for bankruptcy are there any good alternatives that are as high quality compared to WeWork? 

The india business is likely to not shut because they’re still solid. But still just asking

Alternatives to WeWork?

Business Development Manager

Absolutely crazy stuff. To summarize what I read: 

1) Byju's apparently transferred $533Mn to Camshaft Capital - a random hedge fund in Miami that was started by a 23 year old, with barely any investing experience. 
2) This hedge fund is run out of a building that has an iHOP (yes the food chain). When asked about the whereabouts, nobody even recognizes if the fund actually exists there
3) This fund typically accepts only upto $50Mn. How come Byju's transferred $533Mn to them?
4) 2023 Ferrari Roma, a 2020 Lamborghini Huracán EVO, and a 2014 Rolls-Royce Wraith -> All registered on this fund's papers 
5) Now, Byju's lenders have filed a case against Camshaft in the US.


Link to original article: https://www.bloomberg.com/news/articles/2023-09-12/byju-s-hid-533-million-in-hedge-fund-camshaft-run-from-miami-ihop-lenders-say#xj4y7vzkg

Byju’s Hid $533 Million in Fund Run out of an IHOP outlet 🤯

The games that the rich and wealthy play. We're way to far away from it. And we'll probably never get it? 

Fuck it

I have been following the Indian startup scene for a while now, and I have to say that I am not impressed. It seems like most of the startups here are nothing more than people chasing quick bucks and the entire scene is a circlejerk of people doing everything, attending these stupid conferences and gatherings than actually building something game-changing.

Every founder is chasing nothing more than a valuation just so they can exit and there’s nothing wrong with it but don’t sit on a moral high ground talking about building business etc. There’s a reason we don’t see startups here penetrating west because most of the founders in the Indian ecosystem reek of ego and it’s all because we don’t judge business on merit but based on the degree the founders have. We all can count stupid startups draining money all because they are from some IIT or IIM or now some fancy degree from Ivy and yes it takes effort and hard work to reach there. Still, it automatically doesn’t translate to you naturally being better than a guy working his ass off to make up that difference.

Also, just because you used your dad’s money to start a 'Venture Firm or be an angel investor after college doesn’t mean you’re an expert at everything. You’re just adding to the noise and the hype that is already too much in this space. You’re not helping anyone but yourself and your ego.

So a friendly reminder can we all actually focus on building things based on hard work and merit instead of glorifying this circlejerk. Can we stop being obsessed with funding rounds and valuations and start being obsessed with solving real problems and creating value for customers and society? Can we stop being influenced by the media and the hype and start being influenced by the data and the feedback? Can we stop being part of the problem and start being part of the solution?

Startup scene being a complete circlejerk.

With big corporate giants like Google, Apple, Bain, Tesla, Amazon etc. laying off staff in the name of cost reduction, automation&innovation and restructuring while at the same time tech companies like Accenture not awarding any yearly hikes to professionals for 2 consecutive years now, where do you see the IT/Tech/Consulting industry heading towards in next couple years down the line? By when is the market expected to revive? Which companies are still committed to ensuring job security along with high pay standards or is that a thing of the past? Please enlighten me😊

Layoffs everywhere?

Senior Consultant

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Some finance person needs to explain this

Software Developer

Which startups founders and their partners behave like those of Theranos - product doesn't work, founder avoids solving core issue and sells his dream, raises funds, works on logos/websites. Also, founder's partner supports all shenanigans.

Budding Theranos in India e.g. AgNext

Consultant

Offer : E4 175k pounds
Current: L4 56 Lakhs
YoE: 1 year 7 months

Here's what I have considered:

- Living in London is going to be costly, on an avg I'll be saving 1.2x of India.
- Meta London created a bad reputation for itself when last year it laid off people from India just 2 days after joining
- it's not worth it going from L4 to E4, I probably should switch only when getting a higher level or a big big pay bump (this is probably not a big pay bump considering the cost of living)
- I am not very good at making friends, and I have quite some friends here now... I don't just want to leave everything and be alone in a new city so far away from home.

- the only pro point I see is that..  it is London.

Do you think I should reconsider my decision?

I have decided to reject Meta London offer

Dude, take risk. I know staying in Google looks like safety net but You might not be able to do adventures stuff later in life. Moving to a new country, new food, new culture. You WILL meet new people. Those things can’t be bought.

Rumor mill is fired up since a week and all meetings with senior leadership this week have been removed from calendars without any notice! Also noticed that several leaders are WFH today. Guessing that is to avoid nervous conversations and to engage in private meetings over phone calls to decide which heads they are going to chop off. 
The 🔔are going off! Prepare yourselves!

Wayfair Likely Doing a Mass Layoff Tomorrow

After PeakXV, Matrix now changing to Z47 in India

Investment Associate

After reading replies in grapevine for dystopian policies, HR policies, work culture, companies to avoid(looks like all companies should be avoided), related questions I'm kind of regretting as I took the decision to stay back in India and not pursue masters abroad to live with my parents.

Given how pathetic the work culture is in almost all the startups(I'll go with 99.99%), politics and poor work life balance and living in a country where I don't get any tax benefits even after paying 30+% direct income tax, is it really worth living in this country anymore ? I'm feeling very sad, looks like I missed the opportunity to go abroad as I'm 25 now. Only my love towards my parents is holding me back since they both are around the age of 60 and I don't want to be the son who will make crores of money abroad and not be with them in case of any emergency. I'm don't want to leave them alone. Looks like there is no hope working in India. 😔

Is living in India worth it?

Backend Engineer

Third Wave has only 1 year of runway left, with 70% of it's outlets being loss making 🤯

When you compete to serve the top 1% of India, obviously it will end up in losses

WeWork is exiting India and losing money on its investment even though WeWork India is doing well

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