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Notice that the examples I gave aren't companies that have been bought out; they're still being led by their founders. The problem is that less and less compani
by abossy 17y ago
Notice that the examples I gave aren't companies that have been bought out; they're still being led by their founders. The problem is that less and less companies are having IPOs and reaching massive size to carry out their original vision properly. Instead, their liquidation option is acquisition, which keeps the CEOs of big, rich companies in power and lets them carry out the visions of acquirees the way they see fit -- which usually isn't the optimal solution.
A founder is much more suited to carry out his or her vision by having millions of dollars in the bank and no constraints, rather than be constrained by the acquiring company in a system that is bloated and become increasingly bureaucratic.