"Three years after Temasek decided to start building its own companies, three of the investment firms' startups are in trouble. GoodWorker has shuttered, while Trustana and Affinidi have lost a large number of staff.
12 Dec 2023"
"Trustana appears to have lost over 40% of its staff this year, while over one-third of Affinidi’s staff apparently exited the company, according to LinkedIn data.
In addition, the staff count of LemmaTree – the parent firm of these three startups – has dropped by roughly 50% to 16 people, with departures mainly from the HR and other compliance teams, Linkedin data shows. The few that remain in LemmaTree are largely working in its investment team."
Temasek want to play startup? What for?
"
278 of the biggest, costliest startup failures of all time
August 29, 2023
Share 278 of the biggest, costliest startup failures of all time on Facebook Share 278 of the biggest, costliest startup failures of all time on Twitter Share 278 of the biggest, costliest startup failures of all time on LinkedIn Share 278 of the biggest, costliest startup failures of all time via Email
From financial fraud to just running out of money, we scanned our database to identify 278 of the most expensive startup flameouts in history."
https://www.cbinsights.com/research/bigg...%20history.
.
Highest paid may not necessary be the smartest
(27-01-2024, 07:55 PM)Scythian Wrote: [ -> ].
Highest paid may not necessary be the smartest
Once Tamasick invest in a company, it will get into trouble or go bust
(27-01-2024, 07:08 PM)Scythian Wrote: [ -> ]"Three years after Temasek decided to start building its own companies, three of the investment firms' startups are in trouble. GoodWorker has shuttered, while Trustana and Affinidi have lost a large number of staff.
12 Dec 2023"
"Trustana appears to have lost over 40% of its staff this year, while over one-third of Affinidi’s staff apparently exited the company, according to LinkedIn data.
In addition, the staff count of LemmaTree – the parent firm of these three startups – has dropped by roughly 50% to 16 people, with departures mainly from the HR and other compliance teams, Linkedin data shows. The few that remain in LemmaTree are largely working in its investment team."
Typical model that works is ask these new startup bid govt projects to do. So many are like that and I work in one of them. Black and white is Pte Ltd but 95% of their projects are govt projects. Go figure.
It’s tough to hear that startups are struggling, especially when they’ve got big backing like Temasek. I once worked with a small startup that faced some serious challenges early on. They had great ideas but needed help with their business model. After some brainstorming and adjustments, they found their footing and started to thrive.
If you’re thinking about starting your own venture, it’s crucial to have a solid plan and be ready to pivot when needed. There are resources that can help you get started and learn from others’ experiences. You might want to check out this
site for some insights and ideas on launching a business.