Startup founders are mafia bosses!
Most startup’s are not founded with great altruistic purpose to elevate human condition. Most startup’s are founded where founders know they can make money or earn status points through little schemes of leveraging their network of investors.
Most of them know they can earn more income by just raising some money from friends or VCs. Build a small tech tool and burn through money trying to acquire and retain customers. All this while hiring 100s of employees selling false narratives.
What bugs me the most isn’t the thousands of people getting laid off, salary corrections or bankruptcies, it is the mafiaesque organisation built to “create wealth for some by exploitation of countless others”
Most startup founders use brute force of content and media coupled with ignorance of people to perpetuate this cycle.
It’s the virtue signalling and holier than thou attitude of most founders and VCs justifying all their mindless brutality in the name of strategy and growth which destroys aspirations and outcomes for the many. It’s more relevant in India because of large scale ignorance about money and large scale trust on educated individuals with the right college tags!
If you have seen sopranos, most founders are like Anthony soprano - summarily violent, manipulative and ruthless behaviour primarily driven by selfish greed but juxtaposed with moments of vulnerability and struggle justifying his action with a facade of providing for his family.
Replace Anthony soprano with your founder/ceo name
- VSS was playing fast and lose with rbi regulations resulting in stock crash and layoffs
- Byju’s systematically destroyed his own company and wealth of his employees just to ensure he retains majority control
- Ashneer G and his wife manipulated company books
- Zerodha founders cheated in chess match or lied about their system failures which lost a lot of capital
PS: I refer to most founders because there are few exceptions who don’t fit into this narrative.
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Incredibly myopic and pessimistic view. I'd suggest trying to be a founder yourself once before judging them.
Not every startup needs to elevate human condition, plus you still need money to make that happen.
Most founders don't actually earn much compared to jobs they could've had in companies. All you see is the flashy idiots like Kunal Shah and Byju. Not the bootstrapper shutting down their 10th project for xyz reasons. Because no one likes talking about their failures, and no one listens to people who fail. Only those who succeed.
You have a problem with the human condition buddy, not founders. Humans can be real shitty given the right kind of conditions. Everyone's fallible, even you.
If you think you can be a better founder than some of the names you mentioned, then you're only indulging in holier than thou behaviour, which you allegedly hate about founders.
I do agree with some of the things you said, but much of it is way off.
Can confirm I worked for a bitsian startup called Legistify as an intern, the experience there was beyond anything I’d imagined, i was literally called, “tumhari stipend jitna hai utne ki mai sutta phukta hoon”. “I don’t give a fuck intern kya kaam kr rha” and all this time I was like bro why did you hire me then ?
I have multiple disturbing things about this organisation, will probably write a detailed post someday
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 through bull shit narratives.
You sound like Tanmay 😅
You’re actually right A lot of founders at the top are psychopaths, it’s true
There’s a cycle of improper funding, improper growth, more improper funding, until the chicken is too fat to survive
It keeps on happening
It needs to stop for sure
I'm not a founder or want to defend them or anything but this post just portrays your fuck all mentality. Looks like you're just filled with jealousy and envy. If you're capable of doing what they are trying to do, please do it. But I feel you're highly non-competent so don't bother. You need help lol
I think this is not fair on them. Did they threaten anyone to work for them?. Did they not pay as they committed when the times were good?. Employees should not expect founders to treat them on par.
Some of them did do those things, and employees still showed up to work like idiots.
I worked in a high end real estate firm (total environment) in Bangalore that didn't pay me salary for two months, i basically stopped going on time and focused on other things and resigned in the third month when they got frustrated with me and asked me to quit. Realised there were other employees who didn't get 3-4, even 5-6 months salaries in some cases.
All they had to do was resign en masse and bring them to their knees, or even talk to reporters/journalists. But even employees like to maintain status quo.
I was shocked at the herd mentality tbh. Hundreds of people working without pay with no complaints or protests, just because well paying job and good company name. Not even a startup per se.
Yeah, true that.. recently the real color has started coming out
Agreed. All these are black mark towards indias growth
Welcome to human world! ❤️