While the whole euphoria around startups, funding, techie demand salary hike is great – I also hear a few voices trying to make some sense of the whole noise. This noise is great almost like RocknRoll, a new culture emission – but how disrupting it can be in an undesirable way also need to be assessed and addressed. So these voices need to be heard and make sense of.
Am all for startups especially technology startups – I did my Btech & MBA with some %of thoughts over starting my own business someday. This phase where people are leaving their corporate jobs for startups is quite encouraging.
Though there are 90-95% of such people who have a sound financial backing in the form of their parents, spouse, savings, etc. So it is a jump but more of a calculated jump which again am not against but just trying to break the myth of the whole daring concept being so great.
Some of them are doing great in terms of generating employment, new business models, creating new desired customized roles, serving customers at large, etc. even though profits remain far fetched.
However I want to draw attention to two aspects which have repetitively been discussed lately :
- Food startups going a bust including other Rocket ventures : We have all read about the story of Foodpanda, Eatlo, Freshmenu as well Jabong hitting rock bottom. What do you think went wrong here exactly?
- Housing, Tinyowl forced to cut down team sizes in 3 figures : What do you think happens to these fresh kids and their families? How do they feel about startups, founders and these companies?
These two points are some waterfall developments to what a lot of people have felt while working with in these startups including myself.
I again want to reiterate if I have haven’t – the learning is great almost exponential, the ownership is bigger than ever before, the possibilities of doing so many things even better.
But at what cost? This needs to be analysed well by everyone before joining the wagon – if you are ready to pay any cost including health, wealth, family, career then yes please do try this. It is a RISK/GAMBLE – how well you will come out from it is driven a lot by your personal credentials.
Startups just should not aim to get bigger with stories and words, words, words. That is all the fancy stuff that needs to be ignored even by the puniest minds.
Startups become companies when they are more mature, sustainable, process oriented, long lasting, consistent and above all encompassing.Their decisions impact economy and societies at large – this fact can not be ignored and when startups start behaving in this acceptable fashion they shall be deemed SUCCESSFUL.
Right now including the biggies are just trying to be one!
My concern though 0 with the founders (as they will definitely end up earning loads), is a lot for the crowd who are getting pulled towards it simply for words like startup, e-commerce, etc. Time to Open Your eyes!