10-year old Saas start-up with ~150 employees dominated the market for the last 7 years with notable clients. Trying to pivot to get more profitable.
Raised series B in March’22 and went on a hiring spree. During that time period, they've also fired one third of the sales team due to "performance" but 0% of reps have attained quota in the last 4 quarters.
Which startup?
When they don’t have a clear business model
Sometimes you’ll have gut feeling after talking to founders/ executives. Stick to it. Esp in bear markets, you’ll be able to smell if something is bad quickly
First, they had a layoff. Lot of good people quit including great people Then, they had a second lay off Some great people in the leadership quit. Middle management people are quitting every day. Only engineers and other people who are...
Hey everyone, when do you think is a good time to move on from a startup and start looking out for a new role ?
To give you a background, I have been part of this startup in a sales closing role for more than 3+ years. Being a Hardware ...
Rebel foods Pvt Ltd (formerly faasos), which became unicorn has done layoffs in tech and product. ( We have no idea about kitchen staff layoffs) The number of people let go forms a considerable % of the total strength
Beware of joining...
Start ups are not for weak heart and ...