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65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million
- Jay Chaudhry, founder of Zscaler, turned 88% of his SecureIT employees into millionaires by selling the company to VeriSign for $70 million in 1998.
- Chaudhry, now CEO of Zscaler, sold his first startup in an all-stock deal that benefited over 70 of his 80 employees as VeriSign's stock price soared by 2,300%. Many employees bought new homes and cars, and one took a six-month road trip.
- Chaudhry's bootstrapping approach allowed him to distribute more equity to employees, significantly impacting their financial futures. This mirrors Mark Cuban’s practice of rewarding employees with bonuses after selling companies.
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‘Elon Musk never really wanted to be a CEO’: Tech billionaire reacts to X post
- Elon Musk acknowledged an X post claiming he never aspired to be a CEO, affirming it with a simple "True."
- The post highlighted his intense work ethic, citing his history of rewriting code and working 120-hour weeks. Musk's earlier statement expressed a preference for focusing on product and technology rather than CEO responsibilities.
- X users responded with admiration for Musk's humility and work ethic. This incident adds to Musk's online presence, known for candid interactions and insights into his mindset.
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Elon Musk reportedly took ketamine, had affair with Google co-founder’s ex-wife
- According to a New York Times report, Elon Musk had an affair with Nicole Shanahan, the ex-wife of Google co-founder Sergey Brin, in 2021.
- This affair reportedly led to Shanahan's separation and divorce from Brin, with Shanahan receiving a $1 billion settlement. The report also revealed that Shanahan and Musk took ketamine together during a party. Despite denials from both parties, the revelations have caused a stir.
- Shanahan, now Robert F. Kennedy Jr.'s vice presidential pick, has a history of using various recreational drugs and frequently socialized with Silicon Valley elites during her marriage to Brin.
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Man’s post on ‘unnecessary family ties’ at Indian workplace strikes a chord with people
- The viral post by X user Siddharth sheds light on a prevalent phenomenon in Indian workplaces – the manipulation of employees through "unnecessary family ties.
- Siddharth's assertion that employers exploit these ties to extract more work without adequate compensation resonates deeply with many. His call for professionalism underscores the importance of maintaining clear boundaries in professional relationships, rather than succumbing to emotional coercion.
- This conversation reflects a growing awareness among workers about the need to prioritize their own worth and not fall prey to tactics aimed at undervaluing their contributions.
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Man joins interview link for HR round, ends up losing ₹2.5 lakh; here's what happened
- Product designer Naved Alam fell prey to a scam on Twitter, losing $3000 (₹2.5 lakh). Initially approached about a design role by @crankybugatti, the conversation shifted to Discord for an HR call.
- Unbeknownst to Alam, the call link was a trap. He continued, "I downloaded what I thought was an in-house communication app for the call. Instead, it was malware that drained my @phantom wallet and liquidated my staked assets on @KaminoFinance."
- "In a matter of moments, I lost $3000 to scammers who prey on unsuspecting individuals looking for legitimate opportunities, He wrote on X.
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Elon Musk shares his secret work method for being productive 120 hours a week
- Elon Musk, the CEO of Tesla and Twitter (Now X), maintains a staggering work ethic with a meticulously planned routine. Rising at 7 am after six hours of sleep, he divides his day into five-minute slots for maximum productivity.
- Despite skipping breakfast, Musk ensures time for emails, meals, meetings, and even social media. Workouts aren't his favorite, but he utilizes a treadmill with TV distractions and practices martial arts.
- Strategically dividing his week between SpaceX and Tesla/Twitter offices, Musk optimizes efficiency. Prioritizing discipline and structure, his approach emphasizes both hard work and smart planning, though balance remains crucial to avoid burnout.
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Elon Musk's X new feature takes on LinkedIn with new Job search feature
- X, formerly known as Twitter, is expanding its horizons yet again with the introduction of a new job search feature.
- This addition aligns perfectly with Elon Musk's ambitious vision of transforming X into the "everything app."
- Users can now search for job openings directly on the platform, utilizing filters to narrow down their options based on roles, experience levels, and more.
- With this move, X enters the realm of professional networking and job hunting, directly competing with established platforms like LinkedIn. This latest feature underscores X's ongoing evolution into a multifaceted platform catering to diverse user needs.
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OYO's Ritesh Agarwal's advice to young founders
- X users lauded OYO CEO Ritesh Agarwal's advice, emphasizing the importance of making mistakes for personal and professional growth.
- One user remarked, "That's a great advice! Someone who isn't making mistakes isn't trying anything new." Another added, "We must normalize making mistakes. It states that you are trying so that you're making mistakes and learning from that."
- Several users commended Agarwal's willingness to mentor and guide young founders, acknowledging it as a valuable contribution to the startup community.
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These Indian Startup Founders Were Batchmates
- In a remarkable convergence of fate, the startup world witnessed the rise of four industry giants, all hailing from the same 2000 batch at the illustrious Indian Institute of Technology (IIT) Delhi.
- Sachin Bansal, the brain behind Flipkart; Deepinder Goyal, the visionary founder of Zomato; Ashneer Grover, the driving force behind BharatPe; and Albinder Dhindsa, the mastermind behind Blinkit, were all classmates whose destinies intertwined in the halls of their alma mater.
- Deepinder and Albinder's bond, forged in 11th grade, led to Zomato and Blinkit. Albinder's stint in Zomato's global ops culminated in marriage to co-founder Akriti Chopra.
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Twitter layoffs: Major allegations against Elon Musk by former employees
- Former Twitter employees have leveled serious allegations against Elon Musk, the owner of the social media platform.
- A former employee has requested a US federal judge to compel Musk to undergo a seven-hour deposition regarding his involvement in a mass layoff following his takeover of Twitter in 2022. Allegations include violations of Worker Adjustment and Retraining Notification (WARN) Act, with nearly 2,000 arbitration actions filed.
- Musk's direct involvement in setting policies and strategies to reduce workforce size has been highlighted. Executives have struggled to provide clarity on pre-acquisition layoff plans, leaving Musk squarely under scrutiny for his role in the layoffs.
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Billionaire Elon Musk is worried the US will go 'bankrupt' for this reason
- Billionaire Elon Musk voiced concern over the United States potentially facing bankruptcy due to excessive overspending, particularly on interest payments for the national debt.
- "Overspending must stop or America will go bankrupt," he wrote early on March 13. Musk was responding to a post by X user @WallStreetSilv who warned that over time 100 percent of US taxpayer monies would be used to pay interest on national debt.
- With projections indicating that a significant portion of taxpayer money could soon be consumed by debt servicing, Musk emphasized the urgent need to curtail spending.
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Elon Musk says will drop lawsuit if OpenAI changes name to ClosedAI
- Elon Musk has proposed a ceasefire in the legal battle with OpenAI, suggesting a name change to 'ClosedAI' as a condition to drop the lawsuit.
- The conflict erupted over alleged breaches of contractual agreements in AI development. OpenAI refuted Musk's claims, citing disagreements on transitioning to a for-profit structure and rejecting Musk's proposals for control.
- Musk criticized OpenAI's stance and eventually parted ways, emphasizing the need for competition in AI. The dispute highlights diverging visions in AI development and corporate governance. The resolution remains uncertain as both sides stand firm on their positions.
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X aims to be a job-search platform, Elon Musk says over 1 million positions in job listing
- X, once envisioned as an "everything app" by Elon Musk, is now transitioning into a job-hunting platform, boasting over 1 million job postings across various industries.
- Initially part of a broader strategy to diversify offerings, X Hiring has rapidly expanded since its inception in August 2023.
- Recently, the platform introduced audio and video calls for all users, previously exclusive to Premium subscribers.
- This move aligns with Musk's vision of X evolving beyond its social media roots. With its multifaceted approach, X is reshaping the landscape of job searching and social networking.
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Elon Musk: "Can't Use PC Without Microsoft Account, It's Messed Up"
- Elon Musk voiced frustration on Monday, expressing his inability to use his PC laptop without creating a Microsoft account, stating, "[This would mean] giving their AI access to my computer! [It's] messed up."
- Musk highlighted the absence of an option to skip signing into or creating a Microsoft account, emphasizing that there used to be such a choice available.
- In another post, Musk criticized Microsoft, stating, "This isn't cool of Microsoft," indicating his displeasure with the mandatory account policy.
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Techie with Rs 43 lakh salary seeks 'companies with great protein food'; Grapevine founder shares post
- In a recent viral post on Grapevine, a techie with a staggering Rs 43.5 LPA package sparked intrigue with his unique job requirement: a company that provides "great protein foods" for all four meals.
- Founder Saumil Tripathi lauded the clarity of the individual's priorities, emphasizing his simple reason for seeking a new job: good food. However, the post left many perplexed, with one user questioning their life choices upon reading the enquiry.
- Another joked about the irony of a high income but concerns about food costs. Despite the bemusement, suggestions ranged from joining Zomato for food benefits to starting a fitness brand with such a substantial income.
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