When your startup fails – and most of them do – having to let go of staff is tough, but managing investors may be just as bad or even worse, writes Gabey Goh.
It’s hard enough convincing people to work for startups because of the uncertainty, it’s double hard in this part of the world where parental say-so is still a cultural force, writes Gabey Goh.
A discussion with Infocomm Investment head Alex Lin about entrepreneurial inclinations in youth got Gabey Goh thinking about what it takes to be a startup employee.
Perhaps before Malaysia gets to claim its place as an investment-ready startup destination, some attention must be first put towards becoming business-ready, writes Gabey Goh.
What happens when startups up-and-leave the country after getting their Series A or B funding, especially after getting their start via public funds?
The startup journey is full of milestones, and one of them is landing your first employee, a particular pitch requires a different twist from the one aimed at potential cofounders or investors, notes Gabey Goh.
It is time now to take a serious look into what happens after, and to reach a consensus on how to conduct ourselves in this changed reality – and it is a conversation that everyone needs to join in, and not something you leave to ‘the IT guys, to sort out, writes Gabey Goh.
Some websites have articles by bloggers on how to engage journalists, but what works for bloggers doesn’t necessarily work for journalists, notes Gabey Goh.
Startup failure rates are high, and they’re supposed to be Propping up mediocre enterprises should not be the concern of govt
Perhaps a government-driven accreditation process for startups to evaluate their readiness in fulfilling requirements and providing adequate support might prove useful, but within a Malaysian context, it is hard to discount the general mistrust and lack of faith that persist when such grand goals boil down to execution, writes Gabey Goh.