'With a heavy heart…': Bengaluru CEO on why he wants to leave the start-up capital

'With a heavy heart…': Bengaluru CEO on why he wants to leave the start-up capital

Jul 28, 2023 - 15:30
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'With a heavy heart…': Bengaluru CEO on why he wants to leave the start-up capital

Amidst calls of ‘Peak Bengaluru moments,’ with people touting start-up capital as the one-stop solution for their firms’ expansion, a capital-based CEO has come forward with woes associated with a basic company registration process. Brij Singh, founder of Snow Mountain, a Human artificial intelligence teaming firm, wrote a heartfelt post about the troubles he suffered in registering his firm. Singh, who has worked in the technology and financial sectors for several years, reasoned ‘solution feedback loops’ as the main cause of the delay, with it taking him two months to register his company.

Brij Singh further added that although he loves Bengaluru and the country, what he has learnt in the Bay Area within three days is much more than he could learn in a month’s time back home. “Time may be coming for me to move back to the US,” he announced on the microblogging site X.

Posted a day ago, the note garnered attention with over 6 lakh views and 1,400 likes. One user, while encouraging Singh not to give up, wrote, “Come now Brij. That’s a low bar to set. Everything is tough here and yet people build. That is the point.”

To this Singh replied, “Just stating the facts. That is reality.”

Another individual had some advice. “I formed my LLP in a week. You have inadequacies in CA. Quite frankly you can register a company yourself. It takes a couple of days max.”

“Can’t get a name approved for weeks”, a user commented. “They keep rejecting for reasons that are from the past.”

A person wrote, “Bay Area has a different energy, and environment that lets original thinkers thrive.”

An account called the experience “strange”. “Seems strange! Registering an upcoming company in India is very easy now and the ecosystem for starting up is better now. Bay Area is downhill.”

The Department for Promotion of Industry and Internal Trade (DPIIT) listed Karnataka on top last year in their Ease of Doing Business ranking of states/union territories. On the contrary, Singh’s experience reflects the struggles entrepreneurs endure during the state’s registration process. The challenges here have forced many like Singh to think about opting for the conducive business environment in San Francisco and the Bay Area.

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