Raised Rs 120 crore, still stressed about rent: Bengaluru founder’s viral post exposes harsh startup truth

Bengaluru’s entrepreneur Harmur Pokharna, co-founder and chief executive of Digital Ledge App Okcredit, revealed that he was even funding for his startup in 2019.

“I didn’t have savings and I was still worried about the rent in Bangalore,” Pokhar wrote. “I’m only my story.

His post is based on sharp criticism of venture capital culture. Pokharna claimed that many investors prefer that the founders remain financially tense, making them easier to control. “VCS wants the founders to remain poor,” he wrote. “The founder of money becomes dangerous. Dangerous not that not that no. dangerous to walk away.

He pointed to the hypocrisy of how the investor is doing. Meanwhile, the same VCS has no problem throwing millions to serial founders who have beach houses and retirement funds. Apparently, money is only in your hands.

The record has caused a wave of answers from the founders and investors. One user answered: “Well said rude. Although the mindset is changing rapidly. ” One did not agree to say: “The amount of investors that goes to the base

Some, like a team behind the Fintech Platform, offered tangible solutions. “We built Incentiv to solve this exact problem.

Pokharna ended her position for fellow believers. “The truth is.