Until three-four years, media was all about funding news and showcasing startups yoga rooms or beer cafes. In some instances, the price of furniture and real estate. All social media platforms had element of celebration for joining a startup, and newly joined members sharing selfies with office coffee mugs, laptops, stickers and what not.
A lot many such companies have shut now or on verge of shutting. In most instances there have been mass layoff. They had no business fundamentals. They were mostly copy cats or hype driven.
The concept of team was temprory. There was no long term view by founders of stakeholders. It was all about making most in now. So was the team’s mentality: draw as much salary in boom time and leave for better pastures at bust.