Pandu Sjahrir (The Jakarta Post)
Friday, November 25, 2022
If you’re reading this, welcome to the unpredictable world of startups. Whether you’re just getting started in the garage or riding high on a well-funded “soonicorn,” navigating this world can be tricky with a 90 percent failure rate, especially for the underprepared.
There are myriad reasons why startups fail. Some include cash flow problems, a lack of working capital, failure to achieve product-market, poor planning and ineffective marketing, just to name a few.
While we often discuss the pros of a startup structure (smaller teams, faster decisions, flexible operations, etc.), I think there are some essential lessons that startups can learn from their larger, publicly-traded counterparts, namely in the context of corporate governance.
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