16 upvotes, 1 direct replies (showing 1)
View submission: Reality Of Startup Founders and Myths
IIM-Ahmedabad here. Worked in a startup abroad and then as the professional CEO of a B2C startup in India. I agree with what you say. To add a few more:
- VC's have a herd mentality in chasing hot sectors. The lazy approach to choosing companies is filtering by IIT/IIM pedigree.
- Very difficult to get back the job market in conventional industries if you leave your startup, particularly if it does not work out.
- Many founders are dumb, or financed by daddy's money, OR street smart and want to misuse VC money, because they have figured that the startup isn't going to work.
- Easier to chase fame by paid PR, or valuations, or being high profile, than actually trying to make money.
Comment by Agitated_War6153 at 01/02/2025 at 10:34 UTC
2 upvotes, 0 direct replies
People don't understand that the majority of the PR is paid for and fabricated by PR growth agencies. I completely agree with the fact that the majority of the founders are dumb. I have attended multiple startup summits and although you do not want to think too highly of yourself, you can't help but notice the clowns with a broken B plan, horrible model but raised those checks just because they know someone from the VC space.
It hurts me to the core, but I guess that Is the reality.