The vicious circle in venture capital network

On July 1st 2024, we hear this news about Koo shutting down which was touted as India’s Twitter-like social media app.

On July 3rd 2024, Social media startup Pepul which is touted as India's secured FB-like app raises USD 4.8 million and has raised over 9 million till date.

Read the above two lines again and you will figure out.

It's not about what you are building, it's all about my connections.

Pepul app will FAIL.

I'm not being pessimistic about Pepul's success but being realistic.

Pepul is not backed by Vangaurd, BlackRock and State street. If it had, then its a joyful ending.

It's only the top management in Pepul who will get rich and all other employees will be sacked someday.

Mark my words, this will happen.