It's a thankless asset class. Most founders will always hate it as they will never get a dollar and most investors hate it as they will never net a dollar.
Never chase VC, they are supposed to find opportunity .. Chasing them is useless, they judge you for it. So treat them from first day like your ex. Gf/bf.
Most tech startup founders are fraud, they never make any money and keep shifting from one idea to another to hide they never made anyone any money. it usually takes 20 years to make a real $100 million dollar revenue company, but 20 months to be a unicorn. Any unicorn today is priced according to what they would make after 5-10 years... Yeah right.
Making real money is hard. Making fake money is easy. 99% of startup Esops are fraud If the company is homerun, then they won't get you stock easy. If the company is maybe homerun, they won't give you cash easily. If you get free cash and esops, just imagine it's an 18 month project.
Most of the humblebrags are fraud as half of them don't even understand the fine print of what they think is real money but not.
Most of the people who usually ask for change have no intention for it. They want to be seen as leaders, change is hard, negotiated and cried for.
you only live once. Go hard.. No one like people who have too much to talk but nothing to show.
which are some real companies that came out of VC boom in last 10y in India?
Flipkart, Freshworks, Ola, InMobi, Zomato, Swiggy? (i know they're handful but it's still good)
Don't you think these are good businesses, and wouldn't have grown/ mature this fast without VC funding.
All of them are in red.
Some may never recover ala inmobi, ola.
They are not great business, they don't make much money. It's ok. Same with multiple such attempts outside or anywhere.
They are great startups, made exactly 100 people rich, not great business that made 50000 people rich.
Vcs are fraud everywhere. In India just a little more.
No, that’s a poor take
MercadoLibre makes profit. Shopee is EBITDA profitable.
In fact, a lot of Indian consumer tech startups are also profitable in core markets, they burn now to grow in newer markets
Most VCs and startups are problematic. Some have done great stuff and will make formidable companies.
Where's the 4 yoe VC expert giving Gyan on startups?😃
There are many VC apologists, atleast they get paid for it.
As a founder if you meet an analyst, your chance of deal went to 0% immediately.
VC mid folks have 30 mins slots in their calendar for market research “which they do here” ;-) 🫠
I might agree with other things but if you think VCs don't make any money you are seriously wrong and I doubt you know anything about startups ecosystem.
If VCs never made money, LPs aren't stupid to give them millions of dollars. They give great returns and most VCs beat the Index over the long term. Checkout the returns of top VC funds in the world and you'll be surprised 🙂
But I agree that VCs don't know anything and don't add any value.
I think you should read available data and you will be surprised.. As usual, it all shines always in VC world.
VC business is less than 10% allocation for LP.
It's a relationship business.
It looks like a rant more than anything else. I know atleast 5 indian unicorns which are profitable and aren't really fraud.
Op seems to be excessively negative.
Who said all business are fraud.
Dude, even I run a startup.
I am not negative, but yes VC don't impress me. When I was younger, I paid my dues to them.
There are some awesome companies out of india like zoho, zenskaar, atlan.
Will always be, we are a fighting group
I have no clue about VCs since I've never worked in that domain. I'm commenting purely from the perspective of Indian startups and their ideas.
Startups like Billdesk, Zeta, InMobi, Postman, Zerodha, Zoho are quite good. All of them are making good money in their core sector and have good ideas.
Although i agree that their are quite a few indian startups which are just glorified aggreator platforms like Flipkart/Zomato/swiggy/mmt.
I’m exploring a career in venture capital and was wondering what seasoned VCs wish they knew before they started.
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