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Anonymous
Hey I am on Medial • 1y
Just watched wecrashed and i cant stop but think how similar it is to byju's (worked there since its growing phase) using investment to scale and using that to get more investment in a viscous cycle by losing money their goal has never been to make profit but to show false growth to get more investment they have no plans to make profit in future either just to continue this cycle and hope it'll become the new google or apple on its own. And then we look at Bengaluru : thousands of startups and only single one of them was profitable rest all burning money What if the wave of startups is a huge scam? Not planned but accidental We have not seen any startup earn as much as industries.
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