Co-founders reaching new low for personal Wealth Creations
Today’s startups are using the interns/employees to the point of exhaustion(taking work of 12-14 hours) but returning in penny without any job security, you just do a small mistake(actually which may not be called a mistake also) and to fulfil their ego the management will kick you out anytime. It’s we, the employees, who are helping organisations show upper trend so that they can bag Series A, B etc. Whereas the co-founders and higher hierarchy members are enjoying limitless wealth in form of salary and also going every then and now on holiday trips.
Today’s co-founders are not leaving any stone unturned in reaching a new low.
Due to easy availability of capital and investors betting on new and outrageous ideas. Also, the founders idea of business is for exit focus and not for value/profit creation.
True. Many co-founders are initiating startups so, that they can take a exit in some ears selling the company to investors and itself making big wealth in such a short time.