Intern Leaves High-Paying Opportunity for Smaller Startup Stipend, Cites Unclear Motivations
Matiks Startup Attracts Attention with Unconventional Internship Decision
Matiks, a Bengaluru-based startup, has made headlines in India's startup scene with the story of Ritesh, a third-year student who turned down a Rs 25,000 per month internship to join the company for a stipend of Rs 5,000.
Ritesh's decision has sparked a discussion about early-career priorities, learning opportunities, and the realities of working in a fledgling startup. Co-founder Sudhanshu Bhatia shared Ritesh's story on X and LinkedIn, highlighting the young professional's commitment to learning and growth over financial gain.
According to Bhatia, Ritesh joined Matiks in September 2024, a time when the company was still in its early stages and its founders were working 7 days a week. Ritesh has since become an integral part of the team, with Bhatia describing him as a "younger brother" who has learned significantly from his experience.
Ritesh's decision has received both praise and criticism on social media, with some users commending his commitment to mentorship and others expressing concerns about the low pay and long working hours. Bhatia has clarified that the intention behind his post was to appreciate Ritesh's dedication to the company and its mission, rather than to brag about the company's compensation practices.
The story highlights the trade-offs that young professionals face in the startup scene, where financial gain may not always be the top priority. Matiks' experience with Ritesh serves as a reminder that learning and growth can be just as valuable as a high salary.
Key Figures:
- Rs 25,000: Monthly internship stipend offered to Ritesh
- Rs 5,000: Monthly stipend offered to Ritesh by Matiks
- September 2024: Month in which Ritesh joined Matiks
- Sudhanshu Bhatia: Co-founder of Matiks
- Ritesh: Third-year student who joined Matiks for a stipend of Rs 5,000
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Investor Takeaway
Consider the value of learning opportunities over high-paying offers.
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