VC model of investment looks like ponzi scheme: N R Narayana Murthy

Murthy believes that ChatGTP provides one with a certain knowledge and they can show their creativity and smartness…but cannot replace the human mind

N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme.

“I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. I think that is completely wrong. In many ways it looks like a ponzi scheme. Investors say they are in series B, then go to series C, and sell shares to others at a profit, but it is the series Z fellow who is