Krutrim AI to raise 50M $ at 1B $ valuation
I mean how does this guy do it? He literally has half baked products that are just a copy of products innovated outside India. All the horseshit talk these founders do about innovation.
That guy knows to raise capital, he doesn't know to run a comoany so he hires for the rest
Repeat after me : Raising Money≠Building a company
End product matters irrespective of fund raised
Everyone wants to bet on the winning horse. It's difficult to raise huge funds unless you have a really good & unique problem and having a startup background, IIT/IIM tag may help
I mean how does this guy do it? He literally has half baked products that are just a copy of products innovated outside India. All the horseshit talk these founders do about innovation.
Krutrim has become a unicorn after securing $50m in funding, making it the first Indian AI startup with a valuation of $1bn. It seems like an extremely overvalued company being built yet again. Thoughts?
Are we going back to good golden days of insane salaries. I am really curious on how was the valuation decided. On wh...