PerkyDonut
PerkyDonut

Let's discuss toxic VCs

I'll start - One of the older VC firms with an office in Indiranagar (also probably planning to shut their scout vehicle fund after a few employee exits) reels of toxicity at the helm. GP who comes from a rich family has the habit of arm twisting employees and putting them down even on the smallest of the mistakes. What's your toxic VC story?

15mo ago
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ZippyPretzel
ZippyPretzel
Meta15mo

I don’t think VCs have been successful in India. They took wrong bets, followed their US counterpart like sheeps, and created a completely rotten ( growth at all cost) ecosystem in India. If there is someone whom I would like to remove from startup ecosystem in India even before founders, it would be VC operating from India

BubblyMuffin
BubblyMuffin
Student15mo

What is your read on Indian PE market? Have they followed their VC counterparts in the way you've mentioned?

JazzyWaffle
JazzyWaffle

Lmao, do you work at swiggy Uberdouche? And do you see the irony in that?

GigglyPancake
GigglyPancake
Student15mo

My experience with lightspeed has been very very bad

WigglyBanana
WigglyBanana

Really? What happened?

GigglyPancake
GigglyPancake
Student15mo

Partners are very condescending. Have interacted with 3 of them on separate occasions and never get a good vibe. And i have interacted with most top Indian and global VCs

GigglySushi
GigglySushi

Can u name this VC? Unless they have funded grapevine, I doubt the fund head will find out your details

SillyMochi
SillyMochi

They can find out anyhow

QuirkyQuokka
QuirkyQuokka

Are they toxic towards their portco?

GroovyWaffle
GroovyWaffle

Yes. LSVP kind of blackmailed one of their portfolio companies to agree to an acquisition offer else they won’t sign the board resolution for normal working of the company.

QuirkyQuokka
QuirkyQuokka

I meant, the Indiranagar VC being quoted in this specific post.

SqueakyQuokka
SqueakyQuokka

There's Antler in Indiranagar

CosmicLlama
CosmicLlama

This has nothing to do with "VC". This is normal lala mentality. You will see this normally in places where the second gen rich people are the boss. Or people who came from very tough industries like FMCG.

ZoomyDumpling
ZoomyDumpling

Have heard some horror stories about LSVP

SillyJellybean
SillyJellybean

There was a review on Bestvantage posted in company reviews category.

It's rare to find genuine people in VC, most of my interactions have been with slimey a- holes.

BubblyQuokka
BubblyQuokka

Is it IQ?

DancingWalrus
DancingWalrus

rich family, older VC firm- is this 3one4 capital?

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