Of late, with Koo shutting down, Unacademy in the rafters, I've seen really intelligent, logical folks stand behind the founders of such moronic companies. Is the act of building shit, money burning companies with no use , more important than not building something in today's time?
Nobody invests based on logic. Investment is based on "greater fool theory". But you dont talk about this in open. It doesn't suit to talk the truth when you travel business class and wearing suit/tie in Indian summer. So people make up shit like growing economy, bulging middle class, consumption story.. etc
People invest hoping they can find a bigger fool willing to buy the same shares a higher price in the future.
and of course there i flow of money too. If people with deep wallets believe that money will flow into as there is no better alternative for the time being. This is the reason, when inflation plateaus, FED rate peaks and Start up funding evaporates. and after the first rate cut, equity markets tank and startup funding ceases. Money now moves into Bond market to lock in funds at highest risk fee rate.
Founder Market Fit is thrown out of the window as soon as it's a second time founder. 😂
Everyone knows everyone. No one wants to say the obvious truth in public. Drama create hoga, plus investors might get miffed.
Nothing comes easy especially building from scratch. VCs invest a lot of times based on the founders credentials. Also you never know how acceptable a product can be to the masses.
VCs don't know how to predict if a startup is worth investing in so they look for markers to somehow predict it. If it's a second time founder, they think the founder will be able to succeed, no matter what. And they go gaga and invest. I think that's what happened with Koo.
I am Thankful to the funding winter it has revealed true colors of so called Founders, who would not stop talking about culture, Growth, scale etc on Twitter and LinkedIn
Take Byjus, for instance, they claim to be revolutionizing educa...
Their head of AIML left too, a week ago ☠️
Adding to this: The employees are also going through a similar phase. People with bare minimum experience wants a ton...
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Incredibly myopic and pessimistic view. I'd suggest trying to be a founder yourself once before judging them. No...
I wish I could write more but I know it doesn’t matter. It is what it is. I hope people build resilience to see throu...
Can confirm I worked for a bitsian startup called Legistify as an intern, the experience there was beyond anything I’...
Tldr; Fully support it.
I have 3 points
Self-righteous folks on Twitter and Grapevine wo...
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Stupid post. I am less concerned about work-life-balance and more concerned about discipline and respecting everyone’...
I'm ok with working hard. But I'm not able to understand how these are ok- The founder not being able to get up till...
Possible caveat of the funding?
Half of these founders don't know Jack shit what they are doing and just keep on taking funding to sustain. Shameless!
I have a bunch of things to say out loud - I feel for the employees who got impacted. In no world a layoff is ju...
