Matt Levine had a good bit about this in his most recent newsletter: > For instance, when you fund a company in its early stages, > you might want a founder w

Matt Levine had a good bit about this in his most recent newsletter: > For instance, when you fund a company in its early stages, > you might want a founder who will microdose LSD at work, > because that’s just the sort of imaginative, aggressive, > independent thinking that might change the world or whatever. > (“Narrative violation: This CEO drops acid,” etc.) > But when you are looking to take that company public, > you want a CEO who would never microdose LSD at work, > because that’s the sort of thing that stodgy > institutional investors and regulators will find unsettling. > If the founder-CEO has been microdosing acid all along, > and you have been encouraging him to do so, > there will be an awkward transition when you tell him to stop. (The whole section is good, but this is a good summary paragraph)