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Startup Bros are net negative to society.

What has startups done that has added value to a normal Indian's life? Other than a few. Obviously, apart from fellow tech bros.

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Gems_Bond

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9 months ago

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Indian Startups on

by boredcorporate

Others

Startup founders are mafia bosses!

Most startup’s are not founded with great altruistic purpose to elevate human condition. Most startup’s are founded where founders know they can make money or earn status points through little schemes of leveraging their network of investors. Most of them know they can earn more income by just raising some money from friends or VCs. Build a small tech tool and burn through money trying to acquire and retain customers. All this while hiring 100s of employees selling false narratives. What bugs me the most isn’t the thousands of people getting laid off, salary corrections or bankruptcies, it is the mafiaesque organisation built to “create wealth for some by exploitation of countless others” Most startup founders use brute force of content and media coupled with ignorance of people to perpetuate this cycle. It’s the virtue signalling and holier than thou attitude of most founders and VCs justifying all their mindless brutality in the name of strategy and growth which destroys aspirations and outcomes for the many. It’s more relevant in India because of large scale ignorance about money and large scale trust on educated individuals with the right college tags! If you have seen sopranos, most founders are like Anthony soprano - summarily violent, manipulative and ruthless behaviour primarily driven by selfish greed but juxtaposed with moments of vulnerability and struggle justifying his action with a facade of providing for his family. *Replace Anthony soprano with your founder/ceo name* 1. VSS was playing fast and lose with rbi regulations resulting in stock crash and layoffs 2. Byju’s systematically destroyed his own company and wealth of his employees just to ensure he retains majority control 3. Ashneer G and his wife manipulated company books 4. Zerodha founders cheated in chess match or lied about their system failures which lost a lot of capital PS: I refer to most founders because there are few exceptions who don’t fit into this narrative.

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Office Gossip on

by GloomyCent67

MakemyTrip

Some observations after 10+ years of being in the system

- Most VCs are fraud, they never make any money and keep shifting from one fund to another to hide that they never made anyone any money. They also have usually no real input to add. They are no subject matter except negotiations which too mostly they just prey upon any founders. It's a thankless asset class. Most founders will always hate it as they will never get a dollar and most investors hate it as they will never net a dollar. Never chase VC, they are supposed to find opportunity .. Chasing them is useless, they judge you for it. So treat them from first day like your ex. Gf/bf. - Most tech startup founders are fraud, they never make any money and keep shifting from one idea to another to hide they never made anyone any money. it usually takes 20 years to make a real $100 million dollar revenue company, but 20 months to be a unicorn. Any unicorn today is priced according to what they would make after 5-10 years... Yeah right. - Making real money is hard. Making fake money is easy. 99% of startup Esops are fraud If the company is homerun, then they won't get you stock easy. If the company is maybe homerun, they won't give you cash easily. If you get free cash and esops, just imagine it's an 18 month project. - Most of the humblebrags are fraud as half of them don't even understand the fine print of what they think is real money but not. - Most of the people who usually ask for change have no intention for it. They want to be seen as leaders, change is hard, negotiated and cried for. - you only live once. Go hard.. No one like people who have too much to talk but nothing to show.