In emerging markets, there are simply not enough risk-taking startup buyers to absorb the value of venture capital money that pushes for high growth and returns within 5-7 years. We should aim to build big businesses that can acquire and spin off new businesses, rather than build startups that will exit to traditional businesses or private equity funds. Focusing on building big businesses will also prevent the counterfeit capitalism coined in light of the WeWork news. Building big businesses means ambition is important, and it also means founders need to have a healthy mix of optimism balanced with realities on the ground. This means knowing that great companies, especially in emerging markets take time to build.

Source: Forbes October 15, 2019 06:11 UTC