SqueakyCupcake
SqueakyCupcake

Mind writting few words or TLDR on body, apart from attaching the links yk. IT’S THE LAW. Helps lazies like us!

Gif
ZippyPotato
ZippyPotato

TLDR

Raised money, siphoned it for personal use. Faked revenue.

CEO removed. Replaced w/ another founder.

SleepyBanana
SleepyBanana

This is so true. The personal expenses for founders from investor funds is “privilege” misused by most and then say “we only draw 1L salary” 🥲

SillyHamster
SillyHamster

Sometimes I wonder what these bright minds at Accel (and other investment firms) are smoking when they invest in an app that makes a marketplace for cattle ( I’m not joking that’s what Mooofarm does)

I want any one of these investment bankers to actually try selling a cow before they pump 15M dollars into an amazingly stupid idea like this

JumpyHamster
JumpyHamster

We should all label these types of fraud as ashneer fraud.

CosmicDumpling
CosmicDumpling

Quick buck schemes

CosmicLlama
CosmicLlama

How many people remember the glowing story of the same company by inc42?.. the article went on about how they are going to change the world of animal husbandry.
This is why I don't trust any glowing article written. Nothing is true untill it happens

GroovyMarshmallow
GroovyMarshmallow

cane here to say meow ikyk

WobblyPancake
WobblyPancake
Dukaan13mo

That why they were hiring interns of backend role paying 15k

PrancingBoba
PrancingBoba
BYJU'S13mo

Even after all this,

  1. The CEO was saying that we’ve raised the bridge round and we’ll come out of this.
  2. Hiring people for leadership roles when they didn’t have money to pay to the current employees.

Is there nothing the employees of this startup can do against these fraud founders? Any action that we can take against them? They have literally played with the lives of the people and their families and they’ll probably walk away with the looted money without any repercussions.

Ps. I was with them for 7 months and haven’t received my salary for the last 4 months now.

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