Towards a Systemic Approach to Business

Ram’s career has spanned over 40 years, during which he has donned multiple avatars: corporate leader (CEO), business builder, government advisor, angel investor and runaway monk internship. He is presently a systemic leadership coach. In this article, he argues that Indian leaders are schizophrenic. On the one hand, they are torn between the inherited cultural values of harmony and family obligations, and on the other hand, a product of imbibed Western B-School concepts of professional management and profit above all else. This dichotomy leads to hypocrisy and duplicity in Indian business. This is evidenced by treating people as means to an end rather than resources, much talked about, but not practised. Unlike their more forthright Western counterparts, who make no bones about profit making, Indian business leaders pretend to be of service to society and the system; yet acting only for personal gains of wealth and power through manipulation and lack of transparency. Ram shares his experiences on Indianness and the Indian business leaders. He explores where the hypocrisy may possibly emanate from, how this behaviour is at odds with changing generational needs and what are the likely fallouts even while pointing to emerging trends of systemic approach moving from diversity to unity, built on people engagement and collaborative teamwork in leadership. Indian companies and leaders, he argues, have what it takes to be far better and greater than they are now.

Grants, Funding, Awards and Recognition in Healthcare Innovation

For an idea to be validated, prototyped and tested, adequate financial planning plays a major role in the long journey of the idea from the brains to the market. There are various ways of getting funds for the startup. The founders usually start with their own money from their savings or some borrowings from family and friends which is called bootstrapping and is very common and crucial, akin to doctors starting their own clinics and small nursing homes. As they start to grow, large funds are needed in the early stage to set the foot firm with the help of an angel investor/ seed investor which is like starting a full-fledged hospital. The Venture capitalist comes in at a stage when the idea is proven and started with operations, early-stage customers and has a major potential to expand, just like when more branches of hospitals are planned. Private equity companies and investment banks are those who are keen to invest in companies who have proved themselves beyond doubt with strong leadership in the market and are looking for a major return on investment by making the company bigger, which is like planning a pan India network of the hospital chain. These investments happen multiple times or rounds at various stages of the company usually termed series A to series D or E and ultimately leading to the Initial Public Offering when it goes public from private holding. This funding journey is a well-planned effort quite specific to the investment stage, investor type, and their preferences. The recognition of the startups and their ideas plays a major role in them reaching to market and access to funding opportunities. The funding and national recognition from various govt. and private agencies such as BIRAC, FICCI, NASSCOM, Wellcome trust, and Villgro and international agencies such as CAMTech, Bill and Melinda gates foundation, Grand Challenges Canada, Stanford, and Harvard gives the much needed attention from the potential investors and is a major advantage which should be utilized well. Social media recognition plays a major role in recent times which has the potential to make an innovation “viral” and reach millions of customers and make relevant investors and govt. agencies notice, which can be a huge breakthrough for the company if the innovation has a social impact. We would like to make this article more practical, experiential, and contextual for better connect with pediatrician colleagues.

Policies to Promote Angel Investment in Startups in Some Countries in Southeast Asia

Angel investor plays an important role in the startup ecosystem, and is a factor that fills the capital gap for startups and also brings many benefits to startups when they can accompany and support expertise, management and consulting for startups. In the early stage of establishment and development of the startup ecosystem, the role of governments was important in issuing policies and providing solutions to promote angel investment. For Vietnam, encouraging angel investors to invest in startups is an important policy in developing the startup ecosystem. With research on policies to promote angel investment in startups in some countries in Southeast Asia including: Singapore, Thailand and Malaysia, the article summarizes some experiences to promote angel investment in startups in Vietnam. Keyword: Angel investor, startup. References [1] Investopedia, Angel Investor, https://investopedia.com/terms/a/angelinvestor.as, 2020 (accessed on 03/9/2020).[2] Startup SG, Overview Singapore’s Startup Ecosystem, https://www.startupsg.gov.sg/, 2020 (accessed on 03/9/2020).[3] WTO and International Trade Center - VCCI, research report: Mechanism to support Innovative Startups: International Experience – Proposed solutions for Vietnam, https://wtocenter.vn/an-pham/13265-study-mechanism-to-support-innovative-startups-international-experience---proposed-solutions-for-vietnam, 2017 (accessed on 03/9/2020).[4] Kam, W.P. Overview of angel investing in Singapore, Tech in Asia, https://www.techinasia.com/overview-of-angel-investing-in-singapore/, 2011 (accessed on 03/9/2020).[5] Enterprise Singapore, SEEDS Capital - Enterprise Singapore, https://www.enterprisesg.gov.sg/financial-assistance/investments/investments/seeds-capital/overview, 2020 (accessed on 03/9/2020).[6] Guide Me Singapore, Singapore Tax Deduction Scheme for Angel Investors, https://www.guidemesingapore.com/business-guides/taxation-and-accounting/personal-tax/tax-deduction-scheme-for-angel-investors, 2020 (accessed on 03/9/2020).[7] Startup Angels, Bangkok Startup Angels, https://startupangels.com/market/bangkok/, 2017 (accessed on 03/9/2020).[8] Embassy of the Kingdom of the Netherlands in Bangkok, Startup Ecosystem Thailand, www.nederlandenu.nl›startup-thailand-factsheet, 2019 (accessed on 03/9/2020).[9] DFDL, Thailand Tax Update: New Tax Incentives for Angel Investors, Jonathan Blaine, https://www.dfdl.com/resources/legal-and-tax-updates/thailand-tax-update-tax-incentive-for-angel-investor/, 2018 (accessed on 03/9/2020).[10] Ajagbe Akintunde Musibau, Ismail Kamariah, The Financing of Early Staged Technology Based Firms in Malaysia, Middle-East Journal of Scientific Research (2013) 18 (5): 697-707, DOI: 10.5829/idosi.mejsr.2013.18.5.11747[11] Malaysian Business Angels Network, 2018 Annual Report, https://mban.com.my/wp-content/uploads/ 2019/05/Annual-Report.pdf, 2019 (accessed on 03/9/2020).[12] Malaysian Business Angels Network, Angel Tax Incentive, https://mban.com.my/angel-tax-incentive/, 2020 (accessed on 03/9/2020).[13] Malaysia Business Angel Network, Angel Investor Application Explanatory Notes and Guidance Note, https://mban.com.my/wp-content/uploads/2017/04/Angel-Application_ Explanatory-Notes.pdf, 2017 (accessed on 03/9/2020).

In search of angels: the first bucket of gold for entrepreneurs

Purpose This paper aims to explore the allocation of the exit value of a start-up company in market equilibrium between an angel investor and an entrepreneur in the very early-stage financing market. Design/methodology/approach The theoretical model is established based on the two-sided random search theory and the model’s ability to match the empirical data is evaluated via simulation. Findings The model indicates that the allocation of the final investment outcome is not proportional to the initial investments by the angel investor and the entrepreneur. The simulation results show that the continued investment by the entrepreneur and the private benefit acquired by the angel investor have a more profoundly negative influence on the angel investor’s share of the exit value of the start-up company. Moreover, the market search structure represented by the matching probability of an angel investor to an entrepreneur has a more significant impact on the angel investor’s share than the other model parameters. Originality/value The importance of market search friction in the very early-stage financing market is emphasized. The concepts of continued investments and private benefits are introduced and quantified for the first time under the framework of angel investment. The impacts of such model parameters as the matching probability of an angel investor to an entrepreneur, the success rate of a start-up company, the bargaining power of an angel investor and the discount rate on the allocation of the exit value of the start-up company are investigated as well.