Another startup founder giving generic gyaan

So again Unacademy has asked people to leave, and asked them to resign. Leadership is so clueless about what they are doing, they fired 3-4 people whom they had hired a month ago. Imagine the situation 😂 And I don't see this stopping at Unacademy anytime soon They are aching left, right and centre. Still some people are making advt videos with Sachin. And the nalla has time to tweet and enjoy vacation, I pity the investors who funded them.

Of late, with Koo shutting down, Unacademy in the rafters, I've seen really intelligent, logical folks stand behind the founders of such moronic companies. Is the act of building shit, money burning companies with no use , more important than not building something in today's time?

This dude always wants to be in the headline for everything outside of his own company doing well, generating profits 🤡😂

I am Thankful to the funding winter it has revealed true colors of so called Founders, who would not stop talking about culture, Growth, scale etc on Twitter and LinkedIn Take Byjus, for instance, they claim to be revolutionizing education, it's all a facade! All they care about is squeezing every penny out of parents' pockets. Putting large amount of people in debts they didn’t even signup for. And let's talk about Dukaan, shall we? The absolute 🤡 of a founder with zero empathy( 90% staff laidoff and the guts to project it as some AI ML innovation) These startup founders have lost touch with reality. They've become obsessed with valuation and funding rounds, completely forgetting the essence of why they started in the first place. It's all about becoming the next "unicorn" and impressing investors, while the customers and sellers are left in the dust. Gone are the days of genuine innovation and passion for solving real-world problems. It's all about the money now, and they don't care who gets hurt along the way. The startup ecosystem has become a rat race, with everyone trying to outdo each other and sacrificing ethics and integrity in the process. It's sad to see the true colors of these startup founders shining through, and it's high time we demand more transparency, accountability, and genuine value from these so-called "disruptors." Enough with the facade, At the end all these founders will get an exit with generational wealth, the employee and people who have built it will be left in Dust. My laanat to all such founders and company. May the boat sink and hopefully someday we have accountability in place for these people.

Link: https://inc42.com/buzz/unacademy-fires-another-250-employees-to-turn-profitable/

As we can see only 3-5% Indian startups become profitable and rest of are still in the loss. But Cred , Zomato, Paytm and many more loss making companies are still in the market with tag of "Unicorn". Ye kaise possible ho paa rha hai.. investors ab bhi Paisa lagaye chale Jaa rhe hai .. Why ????????

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.

What an absolute shit show https://www.moneycontrol.com/news/technology/fraud-threats-sexual-harassment-zilingos-ankiti-bose-files-fir-against-co-founder-ex-coo-12706929.html