Majority of Indian startups are shit.
Majority of Indian startups has toxic work culture and the same is not true for any US or Europe based startup. Indian startups just copy paste ideas from the west and apply it to Indian context. We don't have original product barring few such as Postman and all. Why is it so and how we can improve the situation?
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Majority of folks here only know basic aggregator platforms like Swiggy, Zomato, Flipkart as indian startups and then say "INDIAN STARTUPS ARE SHIT" !
Yes they are majority of them are in loss and has very much toxic work culture. It's not true for every startups such as Postman, Zoho and Zerodha and all but 90% of them are. Indian startups are cringe.
And you know about 90% of indian startups ? Your profile says you are a student? 😅
And you said it isn't true for "any US startup"? Really?? Just talk to anyone working at unicorns like Rippling, Rubrik, Harness to get a reality check.
Most of the unicorns 🦄 look from top to bottom .
They go for problems which doesn't even exist.
Instead of solving they create newer ones. Ex. Byjus.
We need founders with bottom to top approach like fix problems which exist at core and then build on top.
Ex postman, Zoho, mmt, zerodha, grow etc!
🤣
In India starting up is the business. There are many HNI and wealthy IT crowd, that want to become investors. Many see that instead of bank FD's and stock market they can make more thru investing in start ups.
There are so many "consultants" who help in "rising" funds and finding such investors. That's the reason most western ideas get copied here as there is proof of concept readily available. These start ups, usually "fail".
The filters as employees have, is -
- Join the one that pays the highest. Join with a plan to quit in 2 years. Whether we have a job or not.
- Join preferably boot strapped startup or profitable start ups. only. How to identify a profitable startup?, ask them If they say "yes" they are, anything other than that is "Run fast".
That is a bad shortcut approach. Always trying to go for highest salary makes one unemployable very fast. There is no doubt most startups are hot gas and if you are trying to grow by stacking one hot gas over other in your CV, you are just one economic crisis away from becoming unemployable ever. The very high salary people who are getting fired these days aren't finding a lot of offers ( and will have to possibly work for lesser than their previous salary even after the crisis ). You always need to be 10 to 20 percent above your justified market salary to be getting the most robust trajectory, both learning and doing the right thing.
Taking your critique at face value, and having seen the VC and startup world closely, there are three main reasons
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Lower risk capital and apptettite from investors. Very few investors in India are comfortable entertaining ideas outside their existing thesis, and few do so without asking "oh, who is doing this outside India and how is that working out?". No competition in India and no parallel outside is a red flag in the checklist.
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Fewer people build great software for India, because it is not enough to build a sustainable business. Not enough people pay for software for you to imagine $100Mn ARR or huge scale. We scale operational businesses better, and that is what Indians pay for.
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We, Indians, are usually pretty poor at communication, and especially short talk. This leads to poor conversations, office politics, and poor cultures.
The 3rd point. Bang on. Especially in tech space
Haha joke - Try Revolut, Remitly, Better, etc.
Majority of Indian talent is equally shit - 80%
Most of the companies are running because of top 20%
Horrible work ethic, pathetic ownership, shit with time management- work for less than 2-3 hours give a feeling that they work for 10 hours. Get almost nothing done on time and always crib about every little thing.
Oh yeah, irrespective of what they have achieved , everyone expects a fat hike every year and post hike most want to switch expecting more hike.
Startup’s are reflection of people in it.
M
US startups don't have toxic work culture. That's not true at all ! What you are talking of are larger companies.
You are a student and still you have worked in so many Indian and US/Europe startups that you can form such an opinion? Please don't tell me that you have heard it or read somewhere.