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My Lenksart IPO post blew up Well meaning veterans/ founders DMed me about why take a ding on LK For starters, I have no axe to grind, no sell side on stocks, no subscription to sell. Also, I've got nothing against LK & it's not a ding on LK but the utter garbage valuation its being sold at + lies being peddled by the brokerage houses to get investment banking mandates If my post dissuaded even 10 investors from not applying to LK, then my job is done These new age founders while preaching about corporate governance/ playing the long game in podcasts have used Public markets as their personal ATM + dumped their shares on gullible public/ colluding Fund managers at every given opportunity This is exactly like kicking the ladder down, when you use Public markets as ATM, you make it 100x more difficult for the new sets of founders who genuinely want to play the long game and create value for shareholders Let me give you an example, post $FRSH disastrous IPO, Freshdesk founders has SHUT DOWN Nasdaq access to every genuine Indian company out there which wants to list in Nasdaq. Worst of all he quit the company after doing secondary of all his shares Every Indian company will be think 10x before listing in Nasdaq and every fund manager will be super suspicious of these $FRSH type companies One on hand, against ALL ODDS, we have companies like $INFY, $TCS which did ADR and paved way for Indian Software companies to list abroad + Create enormous value for EVERY Stakeholder (Investors, Employees, customers) & on other hand you have companies like $FRSH which has scarred many investors IPOing founders, there are many new companies (us included) who want to build generational businesses in stock markets like how Ramdevji of MO , how Munjals of Hero did, how Godrej , Tata , TVS etc did, pls dont use markets as your personal ATM & kick the ladder u used, you make our jobs insanely difficult.🙏🙏 Forget SEBI, there is Karma and pumping and dumping wealth is ill gotten wealth & no worse than what the promoters did to banks by siphoning off their loans through non existing projects in UPA era + sending their money to Swiss banks One mentor told me, stock markets are like Kamadhenu cow, you take care of her, tend her and she will give 100x more, if you pump and dump like how Vishwamitra did, you may win small games but Karma will get back