New Delhi: After promoting the view that “hero worship of billionaires is dangerous”, Zerodha co-founder Nithin Kamath has begun a new trend on social media.Following the famous line “hero worship of billionaires is dangerous”, Zerodha co-founder Nithin Kamath has started a new trend on social media. His comments soon drew input from entrepreneurs, investors and the public, and garnered a mix of reactions on the internet.
“People look up to successful businessmen without realizing the importance of timing, luck, market conditions and teamwork in making companies successful,” said Kamath. He said that such a mindset of only thinking about the success of one person alone may set unrealistic expectations and cause individuals to overlook the dangers of entrepreneurship.
Many users concurred with his opinion, stating that, although respecting the achievements of billionaires, they should not be looked up to in every aspect of life. They said it was the fact that each business trip is different, and copying successful businessmen could result in bad financial or career choices.
Another factor mentioned by supporters was that social media platforms often focus on ‘success stories’ and fail to include any information regarding ‘failures’ and ‘challenges’. However, with external factors affecting success, it can appear that becoming a billionaire is easy, if only they are willing to work hard.
But some did not agree with Kamath’s comments. According to them, successful entrepreneurs inspire millions of people to do innovative things, create jobs and solve real world issues. They say no admiration is evil so long as people are thinking independently and learning from a variety of sources.
The discussion, according to business commentators, is part of a broader trend in today’s digital landscape, where powerful entrepreneurs can garner massive audiences online. Their success and failure stories are a great source of learning, but before implementing any investment, business or career decisions, experts warn that it should be analyzed thoroughly rather than being replicated without adequate understanding.
It also brought back into focus to young entrepreneurs how successful stories take many years, a lot of failures and continuous learning.
