I've worked at 2 early stage startups now. The founders are absolutely bonkers. Kids born into business families who think it's beneath them to work for someone and accumulate skills. They have an idea, that's all. Based on that idea they'll raise money. Everything great till here, right?
But what they don't have and mostly don't spend time to develop any sort of expertise in - Industry/ product knowledge Tech Design People management Culture Writing Public Speaking Finance
Nor do they take out time to develop these. They want to micromanage. Always say the right woke stuff but be deeply conservative behind closed doors. They want to make a billion dollars startup with a kirana store mentality.
They don't want to trust anyone outside their community. They'll show this through behaviour. They want to extract 10+ hours of work everyday but not provide you with insurance, leaves, or the opportunity to learn.
They will retain the ability to fire anyone without notice but require 3 months notice when someone wants to leave.
So anyone looking for jobs, please please join and early stage startups ONLY WHEN - The founders have prior work experience. The founders have an expertise in any one domain relevant to the business.
That is it. They don't realize that the only advantage they have is Capital. Funny for them, Capital advantage is already being mitigated out. So they continue to live in denial that they are flagbearers of capitalism, men with no remarkable talent but only know baap ka paisa.
Kirana store mentality is going to gutter. If this country needs to become big then you need to create value not just capture it. Fortunately, these dhandha folks are too stupid to comprehend that.
I swear. They just want a huge pile of cash to sleep on and a few of their founder "friends" to be envious of their achievement.
You know the shocker? I found out that one useless founder who can't take a decision to save his life is mentoring 4 other startups 🤡
Seen this before though. One previous such startup was nurtured completely by CTO who was paid lesser than another loud mouth and was also cheated of his equity once the company was acquired 😅
Obviously didn't bother joining them when they started again
Yeah and the founders who are actually slogging it out doing everything in the company from sales to tech to costumer support to finance do not get the initial capital needed to even nurture the idea into a product 🥲
Good post this.
I recently worked at a startup and it was terrible.
To be honest, I still worked at one of the better ones but it just sucked.
Some of the clear downsides I see
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