Bengaluru CEO’s Rent Woes: The Irony of High Salaries and Low Affordability
In a surprising revelation, Harsh Pokharna, co-founder and CEO of Bengaluru-based OKCredit, opened up about his financial struggles despite securing a whopping Rs 120 crore in startup funding. In a heartfelt LinkedIn post, he shared that he was “broke” in 2019, living paycheck to paycheck. Pokharna’s story highlights a common issue among entrepreneurs: the financial pressures that can accompany startup success.
The VC Dilemma
Pokharna argues that venture capitalists (VCs) often prefer founders to remain financially strained. He claims that a founder without money is easier to control, while those with financial independence can build their businesses on their own terms. “A founder with money becomes dangerous,” he stated, emphasizing the need for personal liquidity.
Breaking the Taboo
In his post, Pokharna encouraged fellow founders not to feel ashamed for seeking financial stability. He pointed out the irony that while VCs may throw millions at seasoned founders with financial security, they often discourage new entrepreneurs from asking for personal liquidity. “Apparently, money only kills ambition when it’s in your hands. Not theirs,” he quipped.
A Viral Message
Since sharing his thoughts, Pokharna’s post has resonated widely, going viral on social media. Many users echoed his sentiments, highlighting the often-glorified struggle of being a founder. Comments ranged from acknowledging the silent financial anxiety many entrepreneurs face to affirming that financial security can enhance creativity and ambition.
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