Bhatakti_Aatma

Founders couldn't Figure Out fund raise

This influencer with a massive following on YouTube laid me & my team off within a week of hiring since apparently they have deferred their Series A. Bro, why didn't you figure it out before I joined. They bumped off Sourcing, D2C sales head, Finance, Offline Sales head, etc as well. Apparently - they still have the HR head drawing the salary of probably more than 50L pa since they need to build 'culture' for a team size of less than 25 ppl now.

Business model: D2C business launching products in partnership with Influencer to leverage their following

12mo ago

TallTales69

Unemployed12mo

Bro there's Sham in the name. What else did you expect.

Bhatakti_Aatma

Stealth12mo

Lol.. Also the co-founder is from Trell. Plus had a start up focused on Cryptocoins during the hey days..
Jokes aside, they may be honest & can become big, it's just that my + few others' experience was shit. I even had to follow up a few times for my pay post lay-offs. Hope they learn something from this, become matured & 'figure out'

TallTales69

Unemployed12mo

Look at the bright side, its just a week of your life gone.

And what a life lesson in return!

AlphaGrindset

Series A Startup12mo

Is this RS?

Bhatakti_Aatma

Stealth12mo

Yes

PoorCoders

Rapido12mo

RS?

salt

Gojek12mo

"Figuring Out with" fellow couldn't figure out basic decency. Don't you do the hiring post-Series A and not before that. 🤔

Bhatakti_Aatma

Stealth12mo

Bro had told me that they have sufficient bank balance. Series A term sheet is on the verge of closing etc. I know founders paint optimistic picture always, but this sounds like way too much now. They could have just deferred the hiring by a couple of months if things were so uncertain.

salt

Gojek12mo

@Bhatakti_Aatma I completely agree. This is pure bullcrap

PyareNolan

Zepto12mo

I like the house of X idea but it need serious execution.

Classic example of Podcast dekhne se dhandha nahi banta.

@Bhatakti_Aatma fee bad for what you and your team had to go through.

Bhatakti_Aatma

Stealth12mo

Right. The idea sounded exciting to me. They were hiring folks with relevant experience. And that's why I was gung-ho about joining & doing the execution part. After this burn, don't think I'll be looking to join a seed stage start up now unless I see their bank balance!! Won't just take the founders word on face value anymore.

Ajmonk96

Stealth12mo

What's house of x idea?

AlphaGrindset

Series A Startup12mo

Sorry that this is happening to you They really should’ve toned town hiring if fundraise was a question

Unfortunate, given it would’ve been clear much more in advance

Bhatakti_Aatma

Stealth12mo

Exactly. What irks me is the incident happening sooo soon. I brought team-mates with me, and I'm responsible for their situation now. It sucks to be jobless, especially during this festive period.