Why do people like Dukaan's founders receive funding so easily? Don't we have brilliant minds or promising startups in India, or is it the fault of short-sighted VCs who have money but lack vision?
Confidence in Bullshitting (aka charisma) is more often the determinant in funding success than actual skill or experience.
Combine that with a good market cycle and it's pretty easy to get stories like these. Happens every cycle.
With dukaan it was more hope and hype. Remember it was khatabook and ok credit who has launched shopify like digital stores along with bookkeeping. Dukaan’s founder built the app for khatabook. At the time yc had funded on theme of shopify for india so investors hoped there is a market and somebody figure it out. Pagarbook got the money around the same time.
Reportedly, sequoia tried to hijack the deal. Lightspeed convinced the dukaan folks to take their money. In a typical Indian fashion, these guys just hoped there would be a big enough market and invested based on hype. The enthu died down after six months. Almost all of the above mentioned startups are no longer on a rocket ship trajectory (not dissing on them, but they are not in that high growth zone that was expected)
That founder su**s
What’s the deal with Udaan? I thought they were doing well off
Dukaan is a great idea but twitter behaviour is something VCs any judge. Honestly it was mostly driven by FoMo for VCs as well. VCs are bunch of MBA grads looking to spend their portfolio money in the hopes of recovering 10X+ at some point in time.
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 educa...
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...
What can be improved? Not people specific, but what you feel is wrong about us consistently across most conversations you've had?
Go ahead, ask if we pushed founders to commit fraud.
What stops you from *stealing* an idea that you found mind-blowing from a pitch of a startup trying to get a seed fun...
Kya dikat hai bhai, udane do paisa. Tumhare thodi hai.
Good firms genuinely perform well and return money. The ecosystem is not forgiving -- you don't survive very long if you don't create any big wins. It's an extremely high stress ...
VCs kill many startups with unrealistic targets that the main problem. Not every business is designed to give ultra q...
