Info Edge just wrote off its investments in 4B Networks citing excessive cash burn. Do you think early investors should have a say in the way companies burn capital? Would you advocate strengthening the role of observers on boards of your portfolio companies?
Corporate Governance Begins And Ends In The Founder’s Head: Sanjeev Bikhchandani
Corporate governance and its relevance at a start-up depend on the founder, according to Sanjeev Bikhchandani, co-founder of Info Edge, a pure play internet company. Both the credit for the success and accountability for failures in a start-up lie with the management. When investors trust a start-up enough to invest in it, wanting the latter to be honest and responsible with their money is a fair expectation, he tells Outlook Business