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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 -
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.
Recruiter: …
Dev: …4 -
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.
https://cred.club29 -
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.
https://readosapien.com/how-to-valu...8
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