What all tech startups need to succeed

ENTREPRENEURS are, by nature, outliers with a strong desire for autonomy and impact. They prefer learning by doing and turn failures into lessons for future victories. But while these qualities allow for innovation, disruption of industries and at times remarkable changes to society, they can also lead to disastrous failures – for themselves, their ventures and even us all.

This is due to one simple reason: entrepreneurship is more of an art than a science and nobody plays a perfect game. That is precisely why guardrails and guidance – two governance pillars – are essential to keep people and organisations in check and allow them to reach their full potential.

Unfortunately, entrepreneurs often misunderstand governance, and regularly neglect to properly manage and implement governance structures and habits, resulting in significant value destruction and lack of long-term sustainability.