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You’re working weekends because

You have pending work, you take accountability & you want to get it done with Anything other than this boils down to 1/ Your manager wants you to work weekends 2/ Your business leader wants your manager to make you work weekends 3/ Your CEO wants your business leader to force your manger to make you work weekends 4/ Your Board / Investor wants your CEO to make your Business Leader to force your manager to make you work weekends. See the pattern? DEMANDS. ASK's. Always someones. Why the rant you ask?? Heard a CEO say to his Leaders "Why are you leaders not forcing your people to work weekends, This is so pathetic" I was like ... wait what ...?? But then i realise the grey matter can show some "really" blessed people a loading screen at the most opportune time.

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ScholarlyTreasury

Startup

3 months ago

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Indian Startups on

by RealGenZ

Stealth

People way overestimate the life of founders

IIT grad here building a venture backed startup. I think 99% of folks here believe that venture backed founders are super entitled and in a much "cosier" position than employees Just sharing a few facts about our journey so far if it helps anyone improve their perspectives- 1) Paying ourselves 33% of our campus salary & 60% of what we are paying to our employees (Talking about Pure Base Salary here, not including ESOPs) 2) Insane stress - You basically have to raise money to build (esp if its deeptech because of the high fixed costs) and there are predefined metrics you have to always chase, sometimes just beyond yourselves. Your product will be copied if it's good because well, they always have more money than you. You work 7 days a week for insane hours, chasing metrics required to be "afloat" 3) 99% of venture backed startups result in 0 liquidity gain for founders. So basically in all likeliness, everything is for a net negative return compared to if we took the campus job So, when you wholeheartedly bash founders as if they are sitting On a goldmine while you are toiling for THEIR gold Treasure, just understand that more likely than not, there is not really any gold but rather an irrational hope they are clinging to Also, Yes-we pay above market to our employees (100% hike for the last one) but the truth is some startups just Can't afford it. And ironically, there is a much higher looking down on these startups with meagurely paid founders rather than giants like Tech Mahindra paying peanuts to their employees while having a 1000% salary hike for the executives. Yeah, most startups need to do better but please appreciate if someone is atleast trying to do better because trust me, it's INSANELY HARD.. The number of posts I see about Flipkart making hundreds millionaires is way too less than the ones I see about pinpointing at every single mistake early stage startups do & I just wanted to express my opinion on it Peace!