Startup founders are mafia bosses!
Most startup’s are not founded with great altruistic purpose to elevate human condition. Most startup’s are founded where founders know they can make money or earn status points through little schemes of leveraging their network of investors.
Most of them know they can earn more income by just raising some money from friends or VCs. Build a small tech tool and burn through money trying to acquire and retain customers. All this while hiring 100s of employees selling false narratives.
What bugs me the most isn’t the thousands of people getting laid off, salary corrections or bankruptcies, it is the mafiaesque organisation built to “create wealth for some by exploitation of countless others”
Most startup founders use brute force of content and media coupled with ignorance of people to perpetuate this cycle.
It’s the virtue signalling and holier than thou attitude of most founders and VCs justifying all their mindless brutality in the name of strategy and growth which destroys aspirations and outcomes for the many. It’s more relevant in India because of large scale ignorance about money and large scale trust on educated individuals with the right college tags!
If you have seen sopranos, most founders are like Anthony soprano - summarily violent, manipulative and ruthless behaviour primarily driven by selfish greed but juxtaposed with moments of vulnerability and struggle justifying his action with a facade of providing for his family.
Replace Anthony soprano with your founder/ceo name
- VSS was playing fast and lose with rbi regulations resulting in stock crash and layoffs
- Byju’s systematically destroyed his own company and wealth of his employees just to ensure he retains majority control
- Ashneer G and his wife manipulated company books
- Zerodha founders cheated in chess match or lied about their system failures which lost a lot of capital
PS: I refer to most founders because there are few exceptions who don’t fit into this narrative.
