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Search - "valuation."
Recruiter: Hello I’m recruiting for an exciting opportunity at a rapidly growing company with loads of potential
Dev: *Looks up company on google*
Dev: Their stock has been declining for the past 2 years. 3 months ago their valuation just dropped by 80%…. How are they growing?
Recruiter: Oh that happened to every company at the end of 2021.
Dev: …I guarantee you it did not.
My annoying 19-yo nephew wants to drop out of CompSci to "create the next billion-dollar startup".
I told him I would give him 10 rupees (USD 0.10) for 0.000000001% percent of his "pass me the butter at the diner table" company.
He accepted. Thus, his "heritage protein logistics startup" had an series-A valuation of a billion American dollars!
Hopefully he will stay in college now.2
Happy that Facebook “lost” 230 billion in valuation (got off that toxic platform years ago as well as Instagram). Should I stop using React Native as well?16
CRED, an Indian start-up with valuation worth Billions doesn't even have a business model.
Hear me out, countless start-ups don't have a business model but everyone can think of something that will be introduced and the most basic one is good and services in exchange of cash.
CRED, on the other hand, is popular primarily because it does not have a business model and hipsters are encouraging it because it is innovative to run without a business model.
I mean, I can't even... Damn this is beyond dumb.
Also, they only hire people from Tier I (IIT and IIM).
I once applied and got a rejection in literally 5 minutes stating that since I am not from top college, they are not interested in my profile.
I don't even know what to make of this. This boggles my mind.
For anyone interested, they were invite only and created a hype of waiting list, but then hipsters started inviting each other in masses so I guess they made it public.
Did you know 2021 saw 44 unicorns startups? For people who don't know what unicorns are, unicorns are startups having billion dollar valuation. This made me wonder about startups with no revenue, how are they valuated? So researched a bit on it and penned down my learnings in this article.
update : we are at hr round baby!!!
part 1 : https://devrant.com/rants/5528056/...
part 2 (in comments) : https://devrant.com/rants/5550145/...
the tech market is crazy mann! it's one of the top indie fintech companies in our country and has a great valuation.
i totally felt that they i am crashing the interviews , and am seriously not trying to be humble. before the dsa round , i was trying to mug up how insertion sort works 🥲
now my dilemma is should i switch if i get the offer. in a summary:
- small valuation but profitable (haven't picked funding for last 3 years , so poast valuation is some double digit million $, but can easily be a unicorn company)
- very major b2b player in my country. almost all unicorns (including this fintech company) and some major MNCs are their client and they have recently acquired a few other companies of us and eu too, making them- a decent global player
- meh work : i love being a cutting edge performer in android but here we make sdks that need to support even legacy banking apps. so tech stack is a lot of verbose java and daily routine includes making very minor changes to actual code and more towards adding tests , maintaining wrapper sdks in react/cordova/unity etc, checking client side code etc.
- awesome work life balance : since work is shit and i am fast enough, i am usually working only 2-4 hours a day. i joined gym, got into shape , and have already vsited 5 places in last 6 months, and i am a guy who didn't used to have time even on sundays. here, we get mote paid leaves than what i would usually need.
- learning opportunities: not exactly from the company codebase, but they provide unlimited access to various course learning platforms like linkedin learning, udemy and others, so i joined some web dev baches and i now know decent frontend too. plus those hybrid sdks also give a light context to new things
new company :
- positives : multi billion valuation, one of the top players in fintech , have been mostly profitable ( except a few quarters)
- positive : b2c so its (hopefully) going to put me back into racing shoes with kotlin, jetpack and latest libraries.
- more $$$ for your boy :)
- negetive : they seem to be on hiring spree and am afraid to junp ship after seeing the recent coinbase layoffs. fintech is scary these days
- negetive : if they are hiring people like me, then then they are probably hiring people worse than me 😂. although thats not my concern what my main concer is how they interviewed. they have hired a 3rd party company that takes interviews of people FOR THEM! i find that extremely impolite, like they don't even wanna spare their devs to hire people they are gonna work with. i find this a toxic, robotic culture and if these are the people in there then i would have a terrible time finding some buddy engineer or some helpful senior.
- negetive : most probably a bad wlb : i worked for an year for a fast paced b2c edtech startup. no matter how old these are , b2c are always shipping new stuff and are therefore hectic. i don't like the boredom here but i would miss the free time to workout :(
so ... any thoughts about it?4