THE FOUNDER’S DILEMMA
“Every would-be entrepreneur wants to be a Bill Gates, a Phil Knight, or an Anita Roddick, each of whom founded a large company and led it for many years. The reality is that “by the time the ventures were three years old, 50% of founders were no longer the CEO”
“Founders don’t let go easily, though. Four out of five entrepreneurs 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.”
Just keeping things real!