He who pays the piper calls the tune

Is it fair to cast on investors the responsibility that founders build well-governed enterprises, asks G.Sabarinathan

Troubled startups and their financial benefactors are back in the news again for the wrong reason. We first had the issue of a founder who allegedly waxed a little too eloquent on a phone call with his banker.  Enquiry into the said founder seems to have expanded with a few arms of the government jumping into the fray, wanting to know more.  Yet another company’s fund raising efforts seems to have run into trouble with unseemly revelations of their alleged creative financial practices.  Not surprisingly one of the founders is said to have shot off an unpleasant letter to his investors.