Zomato CEO Deepinder Goyal thinks this is a bad reason to start a company: 'I don't think that works at all'

Deepinder Goyal said that starting a company just for money cannot work as it may lead to “bad governance calls”. Here's his advice for entrepreneurs

Zomato CEO Deepinder Goyal said that he strongly believes that wanting to make “a lot of money” is a very bad reason to start a company. At the Startup Mahakumbh in New Delhi, he advised entrepreneurs to be led by passion and drive when they are starting to build a company. He said, "I see a lot of founders starting a lot of companies, and I ask them why did you start this company, and the answer is 'I want to make a lot of money'... I don't think that works, because that leads to bad governance calls… that's not the purpose with which you should start a company.

Zomato CEO Deepinder Goyal talked about the company and what he thinks is a not a good reason to start a business.

Starting a company just for money cannot work as it may lead to “bad governance calls”, he said.

Zomato CEO's advice to entrepreneurs

If you wish to become an entrepreneur, Deepinder Goyal has an advice for you. He said, “You should be so passionate about something, you should be willing to risk your life for it, only then you are able to build a company of your dreams. That's the only piece of advice I have... do it with passion, don't do it for money.”

Deepinder Goyal on Zomato's success

Talking of Zomato, he said that the company has a culture of embracing disruption and being paranoid in order to evolve and stay ahead and the reason for the success of the company is always thinking “how do we disrupt our own businesses”, he said.