#startup the word has lost value since the 2020/21 era and employees/founders are actually feeling it now. #Founders felt like Sugar Daddies and employees started asking for it. What is a real startup? no actual chair to even sit, that is a startup, you don't have loads of money, hence the word (we are a startup)
During 2019 end to 2022 people got ridiculous amounts of funding, funds beyond the actual numbers, 44x revenue multiples and what not, like bro, do you have a proper GTM, nobody fkin knows, but are you the founder that know that other guy? yes, here here take my money, strip my VC fund and take all of it.
Employees were looking for Sugar daddies not companies, fkin 2 off sites/ quarter, #bmw bikes/cars, 5X salary competitions, unlimited time offs, (Do you know how many actual leaves are ideal in an actual #startup? 0). Joining bonuses going upto $10k in India. Are you serious? is that a startup, or a sugar daddy?
Most of these startups went bankrupt or have lost value because they deserve it, They were working in startups because the leadership is a young team, it's real chill and all those bs. founders were doing it because it was trendy and cool. Nothing actually converts into value. These employees are all out there looking for same packages now, obviously they ain't getting it, so taking paycuts. Those founders are in some corner of some city, building their next idea!
