2023 Year in Review: Meet the executives who donned the founder hat
executives from leaving their well-paid jobs and taking a dip into entrepreneurship in 2023.
Senior executives across functions of technology, engineering and product took the plunge into exploring the next frontier in fintech, healthcare and even artificial intelligence.
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In partnership with executive search firm Longhouse Consulting, ET has put together a list of high-profile executives who launched their own ventures this year.
Several of these executives are still tinkering with and developing their startups in stealth mode.
Anshuman Das, founder and CEO of Longhouse Consulting, said there was an accelerated trend of executives from large companies or unicorns becoming founders.
«Capital availability for an early-stage venture — seed capital and Series-A capital (both abroad and domestic) — is adequate, which is aiding several of these large company or unicorn executives to take the entrepreneurial risk,» Das said.
Early-stage VC firms value the experience of the executives who have built successful and scalable businesses.
“Beyond the pull factor of capital availability and right talent with ideas, there is a slight push factor also," he said, pointing to the limited growth opportunity for such executives at unicorn companies amid a slowdown in funding, which has also created a crowding at the top management levels.
Executives turn founders
This year, former Flipkart senior vice president Prakash Sikaria, who was heading its social commerce
