Honestly the investing team lacked grit and commitment towards a founder or an investment. In late 2019 they finalised terms with us while an international investor was leading the round, they pulled out last minute because some random fuck company raised 2X the amount of our round from tier 1 vc. Now that company doesn’t exist anymore but I guess neither the fund…me too can never be an investment strategy but sadly this is pretty much how Indian vcs think. We’re still alive and growing 😁
Folks are only seeing the portfolios which have not made it but actually in terms of returns Omidyar has one of the best in the country. They were investing in ed tech, health tech etc even before these things became main stream.
But then, why would they shut down if their returns are actually that good>
Nope. Seriously low DPI, whereas Flourish, its sister concern raised a new 350mil fund. No reason why anything other than returns to be a deciding factor.
Very few hits from the portfolio, look at the capital it would have deployed and what did it return.
Bijak - struggling Brands of Bharat - ? Bounce - was significant once, not anymore Blackboard Radio - Shut recently Doubtnut - poor exit Dealshare - almost over Otipy - Struggle Vedantu - struggle
In fact, all over the portfolio, I see a few small-mid wins, but mostly losses. A VC fund does not perform basis few small-mid wins, it's the 4 or 5 big wins that make of breakf you
https://share.gvine.app/tFvkHPuQd6dUnmAq9
Looks like you'd smelled it a month away. GG>
In your experience, what are some early signs that help detect incoming layoffs at a startup?
It could be company-wide, team specific or in a particular function only.
Hiring freeze, decreased marketing spend, founding team retreating away from day to day activities and meetings
The new policies introduced by CFO Subramaniam in last 6 months have dented company's revenue massively.
His decisions will show results in long term, but in short term they are incurring losses. In the last investor meeting held with p...
A lot of people at Unacademy have already resigned, and they are unable to hire replacements from the market( for who knows what reasons). Now as we all know people who are left in the organisation are going to have a tough time.
Leave...
Deals are not happening as it used to. Macros uncertainty is keeping clients on budget tightening. The pre-sales cons...
It was a pretty tense situation at the office.
Nearly all engineering managers were laid off, most of the SDE-2s who were not the core engineering team and a lot of SDE-1s who had just joined this year. Even the interns were let go t...
