It's important to remember that the startup world isn't for everyone. Reflecting on my time as a procurement officer for a major bank in Indonesia during the startup boom, I recall many entrepreneurs pitching their services. One encounter stands out vividly—a CEO proudly showcasing his latest project which is something similar in this comic, a shared services for building management, in the deck he included his portfolio that was supposed to show his accountability, which included a list of businesses he had launched.
While this might have impressed some, it didn't resonate with me. In my personal opinion, all the businesses he highlighted shared a common thread: they had failed due to lacked focus. The current business he presented, although packaged in a sleek deck filled with impressive numbers, seemed no different. I declined his proposal and avoided involving our bank, as I didn't want us to be added to a list of potential future disappointments.
Fast forward to today, and it turns out my instincts were correct. The business that was once touted as the next big thing has left no trace behind, save for a few articles about its initial launch. The CEO has since moved on to start two or three more ventures.
While there are certainly startups with real potential, many seem to be riding the wave and burning through VC money without a clear path to sustainability. In some ways, I'm both relieved and a bit saddened to see that the frenzy has subsided, nevertheless still excited to see new tech that will changes how people live. Dear Future CEO, explore AI anyone? *wink wink*
Thanks for this wonderful article The Woke Salaryman
#startup #AI #technology #digitization #entepreneurship #BusinessStrategy #Innovation
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