The exit cul-de-sac: why Japan’s unicorn dreams require a cultural pivot to M&A

With yesterday’s announcement of Mistral AI’s acquisition of Emmi AI, the French decacorn’s second acquisition in three months, I am reminded of the unspoken, structural inertia holding back Japan’s venture ecosystem. Walk through the sleek tech hubs of Toranomon Hills or listen to the conference panels at SushiTech, and you will hear a familiar, well-intentioned [ ] The post The exit cul-de-sac:…