You've built a team of talented people, yet you're still the one chasing deadlines, filtering client feedback, and resolving daily project friction. That's not a time-management problem. It's the Founder-as-PM Trap: a structural design failure that destroys margins and stalls growth. Here's how to get out.

The Marico–Skinetiq deal closed at roughly VND 1,000 billion. The real story isn't the multiple, it's what the multiple was actually paying for: a D2C operating model, customer data architecture, and a repeatable growth engine that Marico couldn't build faster than it could buy. Here's what Vietnam founders need to understand about how operational maturity now affects valuation in lower mid-market M&A.