The one who puts up with the risk doesn't have a boss. - Investors don't have a boss. - A founder/CEO who owns 100% of a private company doesn't have a boss.

The one who puts up with the risk doesn't have a boss. - Investors don't have a boss. - A founder/CEO who owns 100% of a private company doesn't have a boss. But (s)he is putting up with very high risk, betting on self, and living with the consequences.