When it comes to venture capital and private equity investment, a founder’s vision, management style and industry knowledge are just some of the things investors must consider in their due diligence when probing for that elusive, entrepreneurial 'X factor'.
But one risk element is often latent and sometimes overlooked personal integrity.
Roadstar.ai, a Chinese autonomous driving system developer, issued a statement this week in which it announced the dismissal of its co-founder and chief scientist Zhou Guang. It was an extremely rare case of a boss being fired.
According to the statement, Zhou was dismissed for embezzlement during the firm’s $128...
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