What is More Important – The Founder or the Business?

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I read this article this morning in the Atlantic.  It suggested the importance of a founder to a company’s success.  It analogizes the success of Steve Jobs and Apple, as a jumping off point for a stronger correlation.  The underlying argument is that founders worry about the company’s best interest, while “professional” CEOs worry about the interests of the financial investors.  This is not a new trope, and very much plays into worn out saw that VCs grab the company and steal it from the founder.  In my experience, this dynamic is much more nuanced and deserves a clearer approach.

The relationship between the founder and the investor (particularly the lead investor) goes a long way to defining the ultimate success of an investment and the company.  There is not much debate about that – the challenge is…

 

Read entire blog from September 3, 2011.

 

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