The ongoing feud between the two founders of InterGlobe Aviation Ltd that runs India\u2019s largest airline IndiGo over issues that many others could have resolved over a glass of Chianti may be a cue for budding entrepreneurs to re-examine the idea of co-promoting new ventures. Conventional wisdom, of course, suggests that what you need when starting up is a team with complementary skills, and every venture capitalist and angel investor has since endorsed that. But a look at co-promoted ventures over the years reveals that co-promoters falling out with each other is a fairly common occurrence, and as the destruction of shareholder wealth in IndiGo shows, it can spell disaster for shareholders.<\/p>\n
According to Noam Wasserman, Harvard Business School professor and author of The Founder\u2019s Dilemma, 65% of high-potential startups fail due to co-founders falling out. The reasons range from differences over money, business strategy and leadership style. But equally, the differences get compounded by the very nature of such partnerships. <\/p>\n","protected":false},"excerpt":{"rendered":"
The ongoing feud between the two founders of InterGlobe Aviation Ltd that runs India\u2019s largest airline IndiGo over issues that many others could have resolved over a glass of Chianti may be a cue for budding entrepreneurs to re-examine the idea of co-promoting new ventures. Conventional wisdom, of course, suggests that what you need when starting up is a team with complementary skills, and every venture capitalist and angel investor has since endorsed that. But a look at co-promoted ventures over the years reveals that co-promoters falling out with each other is a fairly common occurrence, and as the destruction […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-282952","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=282952"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282952\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}