The Founder’s Dilemma
hbr.org
Choosing power: Founders motivated by control will make decisions that enable them to lead the business at the expense of increasing its value The dramatic broadening of the skills that the CEO needs at this stage stretches most founders’ abilities beyond their limits. By contrast, founders who unde
6 Users
0 Comments
48 Highlights
0 Notes
Summary
The Founder's Dilemma is a book about the challenges faced by entrepreneurs when they try to balance the need to make money and the desire to maintain control of their company. It discusses the trade-offs between these two goals and how to make decisions that will maximize value for the company.
Top Highlights
- Choosing power: Founders motivated by control will make decisions that enable them to lead the business at the expense of increasing its value
- The dramatic broadening of the skills that the CEO needs at this stage stretches most founders’ abilities beyond their limits.
- By contrast, founders who understand that they are motivated by control are more prone to making decisions that enable them to lead the business at the expense of increasing its value.
- Four out of five entrepreneurs, my research shows, are forced to step down from the CEO’s post. Most are shocked when investors insist that they relinquish control, and they’re pushed out of office in ways they don’t like and well before they want to abdicate
- Angel investors may allow entrepreneurs to retain control to a greater degree than venture capital firms do, but in both cases, outside directors will join the company’s board
Tags
Startup
Best Practices
Domain
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.