The Art of a Good Unicorn | Interview: ‘BYJUs is a telling example of how not to do things in a startup’
1 month, 3 weeks 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, clearly defining compensation structures and roles based on qualifications. Going public introduces new investors and public disclosure requirements, making corporate governance even more critical. What advice would you give to founders, particularly those with technical backgrounds who may lack corporate governance experience?

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History of this topic

The Importance of Governance in Startup Success in India
5 months 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 …

How can India become the No. 1 nation for startups? Amitabh Kant has some advice
11 months, 3 weeks ago

How can India become the No. 1 nation for startups? Amitabh Kant has some advice

India Today  

In the past eight years, India has transformed from having just 300 startups to becoming the third largest startup ecosystem globally with over 1,12,000 startups, said G20 Sherpa and former Niti Aayog CEO Amitabh Kant during the inaugural keynote address at the 'Startup Mahakumbh' held in New Delhi between March 18 and March 20. Here are the five pivotal things …

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 …

Why startups end up in the governance soup
2 years, 10 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 …

OPINION | Startup Challenges: Is it the VC who should be hung?
2 years, 10 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 …

Entrepreneurs should not make the unicorn status the measure of their success, says InfoEdge co-founder
5 years, 1 month ago

Entrepreneurs should not make the unicorn status the measure of their success, says InfoEdge co-founder

Firstpost  

At a time when startups are imploding globally and facing questions about inflated valuations, lack of governance and robust business models, Sanjeev Bikhchandani, co-founder of InfoEdge that owns Naukri.com, warns entrepreneurs against making the unicorn status the measure of their success. “Company founders should not benchmark to unicorn valuation,” said Bikhchandani, who has invested in startups like Zomato and Policy …

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