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VCs responsible for current growth culture in startups
NR Narayana Murthy, Co-founder of Infosys, pointed out that, more than the company founders, venture capitalists and investors were to responsible for this topline-driven growth attitude, which often came at the expense of other critical considerations.
Murthy stated at the Nasscom Technology and Leadership Forum that this had become a Ponzi scheme, with the risk being transferred to the next generation of investors. It’s not the younger generation, but I hold the older generation – the venture capitalists.
Clients who value your work will return. Similarly, if employees respect the organisation, they become brand ambassadors and are more likely to remain on for a longer period of time.
For startup founders unsure of how long to pursue an idea and when to give up, Murthy said that it was time to give up only when you discovered a fundamental weakness in the idea – in terms of the market – that you had no means of overcoming, Murthy adds.
This could be related to a procedure or a piece of technology. Lastly, he stated that competence and value systems are the two most important aspects of any professional. BW Disrupt
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