News Post

Investors back top execs venturing out on their own

Livemint

· 7m
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Early-stage investors are increasingly investing in CXOs who have left established startups to pursue their entrepreneurial ambitions, leveraging their experience to navigate challenging business environments. For instance, Farid Ahsan, the co-founder of Sharechat, has launched General Autonomy, a startup aimed at automating factories, with backing from IndiaQuotient and Elevation Capital. This trend of backing experienced executives-turned-founders has gained traction in recent years, as they possess a deep understanding of customer problems, scaling-up experiences, and networking abilities. Additionally, they are well-versed in handling investors and fundraising, making them attractive investment prospects.

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