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Anonymous

Anonymous

Hey I am on Medial • 1y

Oyo is raising funds at $2 billion valuation now (it is a drop of 80% from $10 billion). Founder is on Shark Tank, the business has tanked, but he has made his money. Their bad service is well known. Your thoughts?

Rajan Paswan

Honorary Mentions - ... • 1y

It's bad news for investors bcz this kind of things scatter trust of investors in founders and whole startup ecosystem. Yet this happen due to reasons such as prior investors push for higher valuation to get there return. Founder starting to be believe the higher the valuation of the company the good they are doing. Which might not be the case always.

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A business must have the potential to generate income for society as well. Just raising funds should not be the criteria for higher valuation. does it change the lives of people..

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