What secret from a former job can you reveal now that you no longer work there?
Saw this question on a really old AskReddit thread, and it made for a very interesting read. Learnt that Lancome is exact the same products at Loreal but 20% more expensive.
But most of the things were US related. Got me curious what the Indian version would look like.
Looking to learn some industry secrets, TILs, and more :)
Energy domain - my previous company was selling their Software in the name of AI but all they were doing in the background was manual calculation and Power BI methodologies.
Scam 😆
RMG :
Can’t say all, but most RMG companies secretly run an invisible underground gaming ring through agent accounts ( excluded and non interactive with the normal paying user base), where a shit ton of black money exchanges hands and gets converted to white. I have seen crores changing hands within days, via real estate transfers.
Adtech background- 40-50% of paid installs from any affiliate campaigns are fraudulent (majority of the internet companies run affiliate campaigns and spend shit ton of money on it).
Most of the marketers know this. Then again, they're chasing numbers and they are hand in glove with all the agencies who execute these campaigns.
Wow! All audience networks are also scammy, idk how big tech ad companies think it’s okay to fool advertisers by getting cheaper clicks from bots
Worked for a marketing company, where Dunzo was a client. Offline/BTL marketing was the service offered.
We paid suttawalas outside IT parks to force their customers into downloading Dunzo and placing a dummy order for a pack of free suttas.
No wonder why Dunzo struggles with retaining users today. Witnessed the problems in field 3-4 years ago and realised it’s more of a hard sell than an organic one.
Hey this happened in my office too. Novel office
I used to work at a consumer Internet company, I came to know that paisa phenk tamaasha dekh is too real.
Would love to know more details.
VC: No matter how smart or intelligent a person is, they succumb to bad hype cycles like anything. There's heavy research that happens, you form your theses, then decide what to invest or not in.
UNLESS, another top fund is investing rapidly, and then you have fomo, and your bar for thesis building drops significantly
Hence, all bubbles
Looks like a pattern across industries. When the bad time comes, there is no time to evaluate any strategy. To not get impacted by fomo is not common
From my previous RMG company.
A developer secretly put in a an extra referral code in the system which then was used by him, his family and friends to siphon out nearly 2 Cr.
We felt like practically his entire village was in it.
Got caught in a month but damage was done. Board and investors decided to just fire him without pursuing a case.
On my part. Used to be at a B2B startup, learnt that investor DDs are not very thorough and can be easily gamed.
They would speak with our suppliers to understand value proposition etc. We’d just provide a fabricated list, call those people up and promise them rebates/benefits if they give a good feedback 😅