Infosys cofounder Narayana Murthy says VCs responsible for current growth culture in startups

Infosys founder NR Narayana Murthy on Thursday blamed venture capitalists (VCs) and investors – and not so much the founders – for the ‘growth-at-any-cost’ mindset of several startups, saying that it had become like a ‘Ponzi scheme’ where the risk kept getting transferred to the next set of investors.