Esop tales

Risk begets rewards. That is the fundamental principle that undergirds any business venture.

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But regulators have been more than leery of brash whizz-kids with lightning fortunes. The founders of new-age technology companies are dream merchants with brilliant ideas and a burning desire to make it big. Their hopes are yoked to two Panglossian realities: an incentive called sweat equity and a flurry of crazy funding rounds that have unhooked the valuations of start-ups from any realistic measure of business performance. At some point, these unicorns aspire to go public, enabling the founders to rake in even more moolah by cashing out a significant part of their holdings when these entities list on the bourses. However, listing brings its own set of challenges and the nouveau fat cats often chafe at the new set of rules that they m