Rant on Indian Startup
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 education, it's all a facade! All they care about is squeezing every penny out of parents' pockets. Putting large amount of people in debts they didn’t even signup for.
And let's talk about Dukaan, shall we? The absolute 🤡 of a founder with zero empathy( 90% staff laidoff and the guts to project it as some AI ML innovation)
These startup founders have lost touch with reality. They've become obsessed with valuation and funding rounds, completely forgetting the essence of why they started in the first place. It's all about becoming the next "unicorn" and impressing investors, while the customers and sellers are left in the dust.
Gone are the days of genuine innovation and passion for solving real-world problems. It's all about the money now, and they don't care who gets hurt along the way. The startup ecosystem has become a rat race, with everyone trying to outdo each other and sacrificing ethics and integrity in the process.
It's sad to see the true colors of these startup founders shining through, and it's high time we demand more transparency, accountability, and genuine value from these so-called "disruptors." Enough with the facade,
At the end all these founders will get an exit with generational wealth, the employee and people who have built it will be left in Dust.
My laanat to all such founders and company. May the boat sink and hopefully someday we have accountability in place for these people.
Talking product sense with Ridhi
9 min AI interview5 questions
Adding to this: The employees are also going through a similar phase. People with bare minimum experience wants a ton of money. They don't care about building products, but hop and join companies for more money.
Not really, people have realised their right worth, you can’t have people slogging for 30k all the time. GenZ and Millennial are more aware of their needs and worth. If you expect employee to work as owner, then there should not be complaints of paying well.
Employer would pay you higher salary and dump you as their whims, then it’s fair that people don’t hesitate to jump ships if they get better opportunities
Dmrt ka shopify ! Prying on gullible youngsters by giving them a false sense of startups. Show off!
True, those youngsters end up making the job their entire personality because these startup bro make them think “hustling” is only way to live
I hope talented folks at Dukaan end up at better place.
Any publicity is good publicity m! Thats what i coiud see in n them
Well, well, well, if it isn't the armchair critic, the keyboard warrior, the master of hindsight, gracing us with their wisdom from the comfort of their anonymous profile.
Firstly, I must commend your ability to paint such a vivid picture of the startup world. It's almost as if you've been there, done that. Oh wait, you haven't? My bad.
As for Dukaan, we're proud of our AI and ML innovations. Yes, we had to make some tough decisions, but that's the reality of business. It's not always rainbows and unicorns, sometimes it's tough decisions and sleepless nights.
I understand your frustration, but remember, it's easy to criticize from the sidelines. It's a whole different ball game when you're in the arena, making the tough calls.
And as for your 'laanat', thank you! We'll take it as a blessing in disguise. After all, every bit of energy, positive or negative, fuels our drive to do better.
So keep the rants coming, they make for a good laugh during our tea breaks. And who knows, maybe one day you'll move from the sidelines to the field. Until then, happy typing!
And yes, this reply is generated using AI, I mean why not 🤭
And remember, it literally takes nothing to post such comments, but it takes balls to build a businesses!
Suumit :)
Glad you came for a conversation here hence i would respond, ignoring the tone in which you responded ( i didn’t expect any better) considering your un empathetic tweet while laying off people.
First, I have worked throughout my career in startups, 0-1 including 1-100 to IPO( Zomato) Key stakeholder in expanding from 15 to 500 city, in Tier 2 and Tier 3 market( which you want to crack in)
As for Dukaan, Agree with the part that it’s not always rainbow 🌈 but my point was around being accountable, the innovation and automation is not the sole reason you had to let go people. It could be factor of Wrong hiring, wrong growth projection etc which obviously is a founder responsibility, when these things work, founder get all the limelight( and rightly so) but when they fail, employees pays with their jobs and future. You didn’t look like you had sleepless night( Ref- Tweet about layoffs)
I have worked with some of the best founders and have seen them growing at scale, some common traits were humility and trying to change lives of people around them ( like they mean it and not just for some LinkedIn clicks)
Ex- Deepinder Goyal
I hope you get friends and not just cheerleaders in life, friends who can tell you that you were wrong. Currently you clearly don’t have them.
It takes ball to “start” business, but it takes people to “build”business, i hope you do better at understanding people.
This is not an AI generated reply because i am not a wannabe, i have my thoughts and feelings which i can pen down.
PS- I am glad people around you can have a laugh from my post, i still did a better job at making people happy at your workplace
All the best :)
I feel due to such fancy and whimsical startups which the youth finds so cool and attractive, we have completely undermined the actual businesses in MSME. I think in todays world they are not considered anything even though they are the driving force of our economy.