I collected 120 rupees, still tense for rent: the function of Bengaloro Verus

Bangallower businessman Harsh Bucharan, co -founder and executive director of the Digital Ledger Okcredit app, revealed that he was a “living salary” even after collecting 120 rupees in the series A to finance the start of operation in 2019.

“I had no savings and I was not concerned about the rent in Bangalore,” Bucharan wrote in a widely joint post on X.

At the heart of his position, there is a sharp criticism of the culture of investment capital. Buchanerh has argued that many investors prefer to remain financially tense, which is easy to control. “VCS wants the founders to remain poor,” he wrote. “The founder becomes dangerous. It is dangerous enough to say no. It is dangerous enough to move away. Serious enough to build on their own conditions.”

He referred to the hypocrisy in how the investor’s money is processed: “If one of the founders dares to request a little personal liquidity … they were told that they may“ lose their hunger. ”Meanwhile, VCS does not face the same millions in the founders of sequences who have beach homes and pension funds.

This post sparked a wave of responses from the startup founders and investors alike. One of the users answered, “He said very well! Although the mentality is changing quickly.” Another opposition, saying: “The money of the investor who go to the founders is not acceptable … Prepare it for years. Build your legacy!”

Some, like the team behind Fintech Platform Incentiv, gave concrete solutions: “We have built Encentiv to solve this delicate problem. We are currently working to create liquidity for hundreds of customers.”

Pokharna ended his position with a message to his founding colleagues: “The truth is – a little financial security does not make the founders weak. It makes them without fear. So if you are founder, do not let anyone shy you to stay poor. Build your dream. But building your freedom too.”