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The startup cult is wrong about this. It's much better if founders can "keep it in the family" and always work out any issues among themselves, with a trusted p
by thesausageking 9y ago
The startup cult is wrong about this. It's much better if founders can "keep it in the family" and always work out any issues among themselves, with a trusted person not connected to the company, if needed. Once investors and board get involved, they may use the instability against you.
Fred (avc), has done this a number of times in the past. One well-documented example is detailed in Hatching Twitter. While Ev was CEO of Twitter, Fred and the board told Ev he was doing a great job. At the same time, they were secretly meeting with Jack to engineer the plan they would later carry out to push Ev out of Twitter and bring in an outside CEO.