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Founders are dictators at day one. The question is whether they should give up control to an investor run committee. Remember that most investors no ability to
by staunch 12y ago
Founders are dictators at day one. The question is whether they should give up control to an investor run committee. Remember that most investors no ability to run a company and have a portfolio of companies to fall back on.
- wpietri 12y agoI look forward to seeing your stats on that, because that's not my experience. I guess if you're a solo founder who doesn't take much money, you can try to remain some sort of generalissimo. But almost every company of substance is controlled by an investor-run committee; it's called a board. Being a dictator at day one is kinda boring: you're the admiral of a fleet that fits in your bathtub. Most interesting things take collaboration: shared ideas, shared labor, shared capital. And that generally means sharing control. Good people rarely want to work for dictators.
- deleted 12y ago[deleted]
- staunch 12y agoAll being a dictator means is having absolute power. It says nothing about how the company is run. Zuckerberg would almost certainly have been replaced like Steve Jobs was if he hadn't maintained board control.
- derwiki 12y agoI think this distinction may have caused the disagreement in this thread. A dictator as a "call all the shots" is very different than "maintains board control". The latter can mean you don't even work on product at all, but have the assurance you can't be kicked out of your own company.