That is not a headline you would expect in Silicon Valley.
It is expected in China and other parts of the world.
So what's the importance of this to startup founder CEOs?
Simply that you have an unfair advantage if you live in a country where you can be subjected to public, unfettered criticism. From the most mild to the most wild. From truth to lies (sorry, that should be "mis-information"). Where media, tweeters, bloggers and the mob of social networkers say the most outrageous things about you and your precious startup. Magazines, newspapers and television say terrible things -- about you. And even the politicians and government. About you and your precious, fragile new enterprise.
You are in the crucible of public criticism. That is where it gets hot! Very hot. There are no nice guys there, no libel laws (as in sensitive Singapore) to protect you.
And then of course there are your investors, board of directors, employees, customers, suppliers, strategic partners, and well I think you can see the pattern.
It can be hell.
So don't sign up to do your startup if you are not able to stand up to the attacks on your character, your startup and more. It comes with the territory.
It is where unfair advantages are born.
It is the stuff of greatness.
Because that's where the founder CEO can become the great leader. The person fashioned and formed by the pressures from the critics. To use an overused metaphor, "There, on the blacksmith's anvil the pounding starts, and goes on and on and on. Day after day. Painful, yes. But with each blow, the metal gets stronger and stronger. Until it emerges as tempered steel, strong, flexible, and very sharp. Able to do work in amazing ways, under demanding circumstances." Yes, that's the classical metaphor but hey, it works, it really is that way. Day after day.
It is central to why Silicon Valley is great for startups that want to become great. Like yours?
And why countries who cannot endure public criticism will never catch up.
BOTTOM LINE: If you are thinking about doing a startup, think about how you will stand up when the pounding starts. If that is not your idea of fun, then try a different line of work. Because it comes with the territory in places where great startups are made. Go there and you'll boost your chances of converting your initial idea into a world-class new enterprise. It is central to building an unfair competitive advantage.
I wish you The Best on your Adventure!