IIT grad who quit ₹28 LPA job says startup dream ‘not what it’s sold as’, calls ecosystem ‘deeply broken’

What Happened

An IIT graduate who abandoned a ₹28 lakh annual salary job to launch a startup shared his negative experience online, criticizing India's entrepreneurial ecosystem as deeply broken. After spending ₹10-12 lakh over eleven months on development and fundraising, he found limited returns, claiming the sector operates on connections rather than merit, with consultants extracting significant value from ambitious founders seeking venture capital.

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