Why startups end up in the governance soup
2 years, 11 months ago

Why startups end up in the governance soup

Live Mint  

In the last few months, there has been a spate of governance issues at startups centered on ‘related party’ transactions, creative accounting, incomplete disclosures, and knowingly violating the law. In the last three years, India’s market regulator, the Securities and Exchange Board of India, initiated 150 new cases, on an average, every year for investigation in listed companies. I would argue that there are four building blocks of a sustainable business, namely, nature of founder ambition, ethics and governance, strategic clarity, and operational excellence. Sure shot indicators of positive founder ambition are ‘intent listening’ coupled with a disarming ability to say, ‘I think I’m wrong’.

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History of this topic

The Art of a Good Unicorn | Interview: ‘BYJUs is a telling example of how not to do things in a startup’
2 months ago

The Art of a Good Unicorn | Interview: ‘BYJUs is a telling example of how not to do things in a startup’

Hindustan Times  

India is the third-largest startup ecosystem in the world, with the landscape continuing to mature at a rapid pace. Shriram: BYJU'S is a textbook example of how a large startup, despite raising millions in funding, can implode due to poor governance. However, once startups raise external funding, it becomes critical to ensure an arms-length distance between founders and their relatives, …

The Importance of Governance in Startup Success in India
5 months, 1 week ago

The Importance of Governance in Startup Success in India

Hindustan Times  

The article discusses the importance of governance frameworks for startup success in India. It highlights the need for strong governance practices to ensure ethical practices, compliance, and financial discipline. The article emphasizes the importance of a focused approach to governance that respects the capital invested and carefully manages expenditures. It also stresses the need for transparency and accountability in corporate …

The Art of a Good Unicorn | Learning from BYJU’s cautionary tale
1 year, 8 months ago

The Art of a Good Unicorn | Learning from BYJU’s cautionary tale

Hindustan Times  

There was a time when BYJU’s was considered one of the coolest and most sought-after Indian startups of its era. It may be that a startup founder could be intoxicated by their vision, leading them to have a blind spot regarding their operational strategies and business models. Here’s what you do As a startup founder, you have to create a …

OPINION | Startup Challenges: Is it the VC who should be hung?
2 years, 11 months ago

OPINION | Startup Challenges: Is it the VC who should be hung?

India Today  

In the last few months, we have seen startups being embroiled in corporate governance issues, typically involving their founders. This is stupendous growth for any economy, and it has been possible to a large extent because of the venture capitalists or VC's providing unflinching financial backing to these hordes of startups. However, it is these very same VC's that some …

Of Startups, God Complex and Hurting the Cause of Entrepreneurs
3 years, 1 month ago

Of Startups, God Complex and Hurting the Cause of Entrepreneurs

News 18  

In recent years, as sweet liquidity has flowed into and from private equity, startup founders, especially those who have got funding, have become the new masters of the universe, a term used by Tom Wolfe in his epic book, “The Bonfire of the Vanities,” to typify the ‘80s Wall Street banker whose hubris stretches longer than a stretch limo. Even …

Businesses have to embed themselves with start-ups
7 years, 2 months ago

Businesses have to embed themselves with start-ups

Live Mint  

As start-ups no longer remain on the fringes of business, working with them is essential to help large firms transform their DNA, top entrepreneurs and business heads say. In a panel discussion at the SP Jain School of Management’s Business-Academia Conclave 2018, panellists—including retail pioneer Kishore Biyani, Nestlé India head Suresh Narayanan, and Team Indus co-founder Rahul Narayan—said businesses need …

A start-up founder’s biggest blunder?
9 years, 11 months ago

A start-up founder’s biggest blunder?

BBC  

A start-up founder’s biggest blunder? 7 April 2015 Share Save Lucy Marcus Features correspondent Share Save Thinkstock With a nod and a wink, a well-known venture capitalist said something that made my blood run cold. Founders and executive teams sometimes chafe at the formality of board meetings during the sometimes frenzied rush to expand, since those gatherings require setting aside …

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