Since yesterday, Blusmart has been in the news. For all the wrong reasons. Fraud, high value real estate purchases, luxury items and what not! This one feels like a movie and is certainly bigger than the Fintech’s own big ouch moment when Ashneer’s news
To seed, build, and nurture timeless, intangible human capitals — such as resilience, trust, truth, evolution, fulfilment, quality, peace, patience, discipline, relationships and conviction — in order to elevate human judgment, deepen relationships, and restore sacred trusteeship and stewardship of long-term firm value across generations.
A refreshing take on our business world and capitalism.
A reflection on why today’s capital architectures—PE, VC, Hedge funds, SPAC, Alt funds, Rollups—mostly fail to build and nuture what time can trust.
“Built to Be Left.”
A quiet anatomy of extraction, abandonment, and the collapse of stewardship.
"Principal-Agent Risk is not a flaw in the system.
"Extra protectiveness about numbers and control, delayed MIS" and "superlative and futuristic talks while being removed from reality, not being tuned into exact numbers". The conservative banker in me has always seen these as red flags and therefore stayed away from the deals and ppl showcasing this behaviour.
While your post delves into the core of the problem ie founder behaviour, we still continue to see investors not only looking for these red flag behaviours but flocking towards them in hoards with chequebooks.
Is it because there have been success stories of such founders too, if yes would love to know about those as well in India context
I think so, yes. There have been some success stories from these kind of founders for sure, but there have been way more from more measured founders. It's like saying drop-outs do well. A few of them might do well, but most don't.
Hello there,
Huge Respect for your work!
New here. No huge reader base Yet.
But the work has waited long to be spoken.
Its truths have roots older than this platform.
My Sub-stack Purpose
To seed, build, and nurture timeless, intangible human capitals — such as resilience, trust, truth, evolution, fulfilment, quality, peace, patience, discipline, relationships and conviction — in order to elevate human judgment, deepen relationships, and restore sacred trusteeship and stewardship of long-term firm value across generations.
A refreshing take on our business world and capitalism.
A reflection on why today’s capital architectures—PE, VC, Hedge funds, SPAC, Alt funds, Rollups—mostly fail to build and nuture what time can trust.
“Built to Be Left.”
A quiet anatomy of extraction, abandonment, and the collapse of stewardship.
"Principal-Agent Risk is not a flaw in the system.
It is the system’s operating principle”
Experience first. Return if it speaks to you.
- The Silent Treasury
https://tinyurl.com/48m97w5e
"Extra protectiveness about numbers and control, delayed MIS" and "superlative and futuristic talks while being removed from reality, not being tuned into exact numbers". The conservative banker in me has always seen these as red flags and therefore stayed away from the deals and ppl showcasing this behaviour.
While your post delves into the core of the problem ie founder behaviour, we still continue to see investors not only looking for these red flag behaviours but flocking towards them in hoards with chequebooks.
Is it because there have been success stories of such founders too, if yes would love to know about those as well in India context
I think so, yes. There have been some success stories from these kind of founders for sure, but there have been way more from more measured founders. It's like saying drop-outs do well. A few of them might do well, but most don't.
You can DM me and we can talk more.