Building a startup and raising a child has similarity. You have to nurture both till the end. In the last few years’ crazy funding rounds, we rewrote all the definitions. A founder ended up becoming a celebrity rather than a builder. The incentives ended up being on Forbes or at some conferences. <\/p>\n\n\n\n
As a result, companies ended up becoming disjointed. Building companies became fundraising announcements and secondary sales of shares and cash. There was no sight of revenue or customers. <\/p>\n\n\n\n
It has changed now, and founders are working towards profitability. It might be a short phenomenon because of funding winter. But it’s other ugly sides of entrepreneurship. We are seeing accounts fraud, cashflow mismanagement, kickbacks, and all. <\/p>\n\n\n\n
Due to a few bad apples, the overall ecosystem will have to go through this cleanup. <\/p>\n\n\n\n
“Only when the tide goes out do you discover who’s been swimming naked.”<\/p>Warren Buffett<\/cite><\/blockquote>\n\n\n\n
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Building a startup and raising a child has similarity. You have to nurture both till the end. In the last few years’ crazy funding rounds, we rewrote all the definitions. A founder ended up becoming a celebrity rather than a builder. The incentives ended up being on Forbes or at some conferences. As a result, … <\/p>\n