Third World Business Founders

Is this how we treat founders and entrepreneurs? What's the reason for the removal? Is it that anytime you build your company from scratch and decide you want to raise public money in Jamaica you put your own company at risk?
If we are following wall street and activist shareholders we need to be careful. Those are multi-billion US dollar companies many with fat cat managers living off shareholders for decades. The managers being removed didn't build those companies in a harsh third world business environment.
Further, those countries don't need to convince entrepreneurs to trust public markets, as they have thriving venture capital and angel investor communities that routinely exit their investments and cash-out through public markets or IPO's.
Jamaica on the other hand desperately needs to convince small business owners that they won't be eaten by the vultures when they trust the system. Is this how we go about it?
-RG

SVL is a case study for business students

Comments

Post a Comment

Popular posts from this blog

Barbados Election and the Change Vote

The English speaking Caribbean is very similar culturally and politically among its member states. So when the old "politicos" see a country throw out one entire side of parliament (and the incumbents at that) they start looking around to see which country is next. The current opposition in Jamaica has formed government for so many years over the last generation that the JLP is still basically the opposition here. Notice how Andrew painted them as such in his recent speech, talking about their 22 years in power. If I was one of the experienced election watchers at Old Hope Road, I wouldn't be too happy to see the apple cart turned over in that violent fashion so close to home. -RG In response to: Attorney elected new leader of Barbados opposition party
Read more

Corruption and Growth

5 in 4 is dead. Crime and corrupyion robbing 'Prince Anju' of 3% to 5% growth every year. He knows he can't afford to lose that much longer if he wants another term. Somebody is going to jail. But who? Imagine the shock when they go to Anju to ask for protection and realize he will choose a second term over them in one second flat. Every time. -RG In respponse to: Brazil's Lula negotiating surrender — ally
Read more

Chinese Infrastructure Funding

We don't have any talk in that particular deal. The Chinese put up over $700 million in hard currency and we gave them less than $50 mil worth of land. The question is not this deal. The question is when they come to collect for all that they have given us, what will the price be? These are eastern cultures you're dealing with, they are very patient and think long term. By the time they come for the things, it will be to take what's theirs, not to ask for permission. -RG In response to: Thursday, May 11, 2017
Read more