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> 1) Founder still has majority voting shares I work at a startup that recently IPO'd and one thing that surprises me is the number of people who have gone thr
by PheonixPharts 4y ago
> 1) Founder still has majority voting shares
I work at a startup that recently IPO'd and one thing that surprises me is the number of people who have gone through several rounds of promotion that have never worked at another organization. You can easily tell who is who by the level of maturity they have in their decision making. Even senior directors that have never work some place else have a very visible lack of understanding that "things are different elsewhere".
I realized the other day that Zuckerberg is one of these employees. He has never worked someplace else, has no idea what other ways of doing things exist, and has only ever known one way of doing things.
Having someone like this have majority voting shares tells me that a essentially a kid is still running the show. Zuckerberg got incredibly lucky in his first job as founder, but has never developed the skills to pivot an existing company into a new space. In every role I've interacted with from software engineer, PM to designer having only experience at one company is a huge negative in solving new problems, I don't know why anyone would think that somehow a CEO would be exempt from this problem.
- gorgoiler 4y agoZuck has had Andreesson and Sandberg at his side for 14 years, in the office and on the board. He partnered with MS under Ballmer and brought Reed Hastings to the board. Regardless of how you feel about these people, personally, it doesn’t make sense to paint him as being naive in any way about business.