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Indian Startups Need To Wake Up 😮
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Indian Startups Need To Wake Up 😮
In the last two years, there have been at least 7 high-profile cases, where startups either lied to their investors about their numbers or there was some other financial irregularity.
This includes cases like BharatPe, Zilingo, Broker Network, GoMechanic, and most recently Mojo Care, where founders lied about their numbers.
Now a major reason behind this is ‘Valuation Greed’. Investors and Promoters of a startup push for higher valuation at any cost, as that will give them a profitable exit.
This forces founders to take such steps and fudge their numbers, which ultimately kills the startup.
And to avoid this, founders and investors have to find ways to grow sustainably and look at the long picture, rather than growing too fast and dying.
#startup #entrepreneurship #marketing #business #money #company #enterprise #indianstartups #india #funding #unicorn #investing #founder #wealth #motivation #businessideas #success
In the last two years, there have been at least 7 high-profile cases, where startups either lied to their investors about their numbers or there was some other financial irregularity.
This includes cases like BharatPe, Zilingo, Broker Network, GoMechanic, and most recently Mojo Care, where founders lied about their numbers.
Now a major reason behind this is ‘Valuation Greed’. Investors and Promoters of a startup push for higher valuation at any cost, as that will give them a profitable exit.
This forces founders to take such steps and fudge their numbers, which ultimately kills the startup.
And to avoid this, founders and investors have to find ways to grow sustainably and look at the long picture, rather than growing too fast and dying.
#startup #entrepreneurship #marketing #business #money #company #enterprise #indianstartups #india #funding #unicorn #investing #founder #wealth #motivation #businessideas #success
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