QuirkyNarwhal
QuirkyNarwhal

Prediction - The next startup to fall will be Jar

This is just a prediction based on what I've been observing recently. Founder is publishing a lot of self ego boosting articles and aggressively hiring currently.

This has been going on for quite some time and they recently did some layoffs too!

These are some of the early signs when things start to go wrong.

Not sure about their numbers. And even though Indians really love gold it's not an investment. It's a hedge.

Let's see what happens in the next 12 months.

18mo ago
GroovyNoodle
GroovyNoodle

Genuine question: Why do startups hire "aggressively"? Is it VC pressure?

GroovyJellybean
GroovyJellybean

reply.observe()

QuirkyNarwhal
QuirkyNarwhal

Yup VCs need you to hire to show growth in employees too.

DizzyMochi
DizzyMochi

One of the founders viewed my profile today👁️👁️ is it a sign?

FuzzyNoodle
FuzzyNoodle

Bro you're on a streak 👀, byju's, now jar

SleepyBanana
SleepyBanana

I misread- “You’re on a Steak” 😏🥲

GoofyBurrito
GoofyBurrito
PayTM18mo

Work Culture isn’t good either :(

QuirkyNarwhal
QuirkyNarwhal

Are you a Jar employee?

GoofyBurrito
GoofyBurrito
PayTM18mo

Yes

DerpyPancake
DerpyPancake

I sent a connection request to the founders, one of them accepted, the other one has viewed my profile 3x but still not accepted. What, I'm good enough for your Co Founder, but not you? I wish death unto your project 😤😤😤😤😤

FuzzyNoodle
FuzzyNoodle

Lol

DizzyWaffle
DizzyWaffle

Haha. Dil pe le liya aapne

SleepyBanana
SleepyBanana

Founders cashed out decent chunks recently in secondary 🥲🫠

QuirkyNarwhal
QuirkyNarwhal

Woaah..At series B? Isn't that too early?

BubblyBurrito
BubblyBurrito

source?

CosmicLlama
CosmicLlama

what is the point of these apps? too many of them and offer no use. A lower working class non techie, who wants to invest in gold, will prefer to invest in the scheme offered by jewelers. A middle class techie with bare minimum idea about gold investment will do it thru SGB's. People with enough corpus, would prefers SGb's or even go for Bullion/jewellery.

These finance apps are destined to die. when the bull market ends, so will they. Why would anybody invest 10/- for gold? i guess they are targeting smokers and khaini users. Buy gold , instead of that.

SwirlyNoodle
SwirlyNoodle

Founder is publishing a lot of self ego boosting articles and aggressively hiring currently.

Just by this, you are predicting they will fall? Kuch bhi

QuirkyJellybean
QuirkyJellybean

They are hiring extensively because the culture is so bad that most of the folks leave in 3-6 months. It’s a very bad place to work. Too toxic. There is so much power struggle in the leadership that it just becomes very suffocating for people working under them. The numbers are also not looking good however founders are trying to create false image by quoting some random numbers in public.

QuirkyNarwhal
QuirkyNarwhal

Were you an ex employee?

QuirkyJellybean
QuirkyJellybean

Yes

JazzyDonut
JazzyDonut

Buying digital gold is the worst investment product - you directly lose 3% commission+ gst.

Jar is a flop product. They show acquisition of users at low cac by depositing Re 1 gold in their account. They don't have any business model, they will collapse.

GoofyNoodle
GoofyNoodle

finally someone realized this

PrancingMarshmallow
PrancingMarshmallow

Yeah, two of my friends who work at Jar told that Jar hires and fires in the guise of PIP. The culture is shitty.

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