Secret Leaders with Dan Murray-Serter & Chris Donnelly
My Favourite Failure: Unpaid payments nearly destroyed my business despite UK legal system & rock solid contracts - Neil Ambikar
Dec 7, 2023
Neil Ambikar, Founder of B2Bpay and Narvi Payments, shares his near-loss of business due to unpaid payments, leading him to question the UK legal system. The podcast highlights the challenges of relying on a financial institution partner, frustration with unpaid payments and legal battles, and the importance of trust in business relationships.
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Quick takeaways
- UK startups should prioritize both cyber and physical security to protect against state actors attempting to steal their assets.
- Trust and intuition are crucial factors in forming partnerships, and it is better to cut losses and move on if a partner breaches a contract.
Deep dives
Increasing Risk of Asset Theft by State Actors
UK startups are increasingly at risk of state actors attempting to steal their assets. An example is given of a Scottish renewable manufacturer that had a delegation led by a Chinese official visit them, and later discovered that a Chinese firm produced a virtually identical product. To address this growing threat, the National Protective Security Authority and the National Cyber Security Center in the UK have launched a campaign called Secure Innovation, urging startups to prioritize both cyber and physical security.
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