Tech3 | Narayana Murthy blames investors for startup woes; Swiggy sells cloud kitchen business; and more
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Narayana Murthy blames investors for startup woes
As corporate governance strategies plague several well-funded startups, Infosys co-founder NR Narayana Murthy said that he doesn’t hold young entrepreneurs responsible, but rather venture capital (VC) firms.
It’s the older people who have to tell them to accept deferred gratification, he said while criticising "mature" VCs, the Board of Directors as well as advisors
On ChatGPT
Will ChatGPT steal the jobs of coders? Murthy responded emphatically in the negative, saying that the technology should be welcomed.
He referred to program generators that came up in 1977-78, which gave rise to similar worries.?
“..the human mind is the most flexible instrument. It can adapt very well. And all that happened was people start solving bigger and bigger problems which these program generators could not handle,” Murthy said.
On onboarding delays?
Onboarding delays are currently dominating the conversation in the IT Services industry.
Weighing on this topic, Murthy said during the dotcom bust, the Infosys Board and its executive leadership decided to take pay cuts in order to honour the job offers made to new graduates.
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Freelance Content Creator
2 年Interesting perspective from #NarayanaMurthy Sir on the challenges facing startups and the role of venture capital firms. It's important to strike a balance between top-line growth and bottom-line profitability, and to have a long-term view that emphasizes deferred gratification. Murthy's comments on the adaptability of the human mind in the face of technological change are also thought-provoking. Finally, his example of how Infosys handled onboarding delays during the dotcom bust is a reminder of the importance of putting people first, even in difficult times
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2 年I think this is
Sales Associate at American Airlines
2 年Thank you for sharing