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Ravi Handa

Early Retiree | Fina... • 7m

Another well funded startup that is not paying salaries. This time it is the Good Glamm Group. They raised close to 350 Million $. There is a weird form of capitalism that prevails in Indian startups where the rewards go to the top and the risk

Anonymous 1

Hey I am on Medial • 7m

Blaming the founders? but what about the VCs who did due diligence? L'Occitane, Warburg Pincus - these aren't amateur investors. They should have oversight on cash management.

Hari kiran

Insight guru • 7m

VCs and investors are just the capital providers . Ofcourse they should have a clear idea about what's going around but are they legally responsible ?? Ofcourse no. The brunt and blame usually goes to the founder who should, in the first place avoid financial mismanagements and make sure his employees are well provided. It looks slightly off but welcome to the reality , this is what happens

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