🪁 Takeoff #17: The bankruptcy race, reputation and personal brand, ace the interview process and much more..
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🦄 The bankruptcy race
Unicorn may be a term of the past. Look, we are not discouraging or stating anything ourselves. The market and experts are predicting this. All these months, your Twitter feed and news sources were flashing the tales of startups raising millions of dollars rapidly and bestowing their employees with high salary packages and a lot of cool stuff. Money was pouring in, everyone was bloated and the party was on!
Until the music stopped...
Cry time
It seems like Warren Buffet’s quotes find relevance in every corner of the argument. We found the most suitable one for backing this scenario “Only when the tide goes out you discover who's been swimming naked”
In other words, reality would come in front of everyone and story-telling skills won’t be enough any longer. The market has finally decided to open the mysteries and remove the curtain behind which these fancy glittering valuations once stood.
So, what do you do when the money is not pouring in and you aren’t expecting to turn profitable any time soon? You cut down costs. That’s what we are seeing, startups are laying off people to lessen their pain. Everyone seems to think that the golden days are gone or that “we are in a bear market”
Value creation
There may be a blessing in disguise here though. Finally, value creation would be celebrated instead of valuations. The upcoming players would get a tight lesson on market brutality or a quick reality check. We are not yet sure how it will turn out but the fundamentals of good business are not gonna change. Good businesses will bloom and the bad will be rooted out.
So sit tight and enjoy the show...
📖 An interesting article for your tranquil Sunday afternoon
The Gap Between Reputation and Personal Brand
According to the author, personal brand building takes continuous effort, whereas reputation is simply the result of our actions over a long period of time.
“Lose money for the firm and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”
~ Warren Buffett
🧐 Food for thought
“Life is really simple but we insist on making it very complicated”~ Confucious
It may be difficult to be simple. And hence, complexity comes at the expense of delaying the execution.
💫 A recent discovery we found fascinating
This week, we came across this insightful thread which can help you nail and ace interview processes. This thread is really useful for someone who wants to work at a place known for its competitive interview process
✨ Signing off with some wisdom
“Life is not short, you just gotta do more”
Things can change when we start embracing life from this angle.
Alright folks, that’s enough for this week, see you again next week. Thank you so much for reading.
Until then….