Why integrity matters in the startup ecosystem

What if we ran a poll. Since the next round of funding is not so readily available, what should hyper-funded Indian startups focus on? The list of responses will likely include operating profits, unit economics, product differentiation and customer habit. The hyper-funding of 2014 and 2015 ruined all of the above and it is time to go back to the basics. Yet, the Achilles heel for hyper-funded Indian startups might be something else. Something that we least suspect. The carcinogenic effects of hyper-funding have caused a cancer that could eat us hollow and not allow the body to recover to a healthy state. It’s the integrity cancer.

Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.