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I think that's exactly what they used to do with many founders of companies. Over time though, the conventional wisdom on founders has started to change: << T
by kanamekun 15y ago
I think that's exactly what they used to do with many founders of companies. Over time though, the conventional wisdom on founders has started to change:
<< The conventional wisdom says a startup CEO should make way for a professional CEO once the company has achieved product-market fit. In this post, I describe why we prefer to fund companies whose founder will run the company as its CEO. >>
http://bhorowitz.com/2010/04/28/why-we-prefer-founding-ceos/ http://bhorowitz.com/2010/04/28/why-we-prefer-founding-ceos/
I think the Parable of Steve Jobs has actually had a lot to do with that reversal.