VC investor confronts startup founder for spending ₹5-crore funding on personal luxuries

Ice VC founding partner Mrunal Jhaveri revealed he had to hold an "uncomfortable" talk with a startup founder who used a ₹5-crore investment to buy a new car and a better apartment. Jhaveri explained that while he wants his founders to be free from worries like rent or tuition, there is a clear line between being comfortable and viewing venture capital as a personal pay raise.

by shortkt.com
3 hours ago
VC investor confronts startup founder for spending ₹5-crore funding on personal luxuries | ShortKT