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Great post Victoria! I asked myself a fairly similar question. Your suggestions are great. However, I feel that there is a delicate balance between founder’s personal ambitions (not to get fired) and doing what’s best for the company (which actually might be stepping down/ getting replaced by someone more experienced). On that note, I’d be interested in hearing your thoughts on preparing for the moment when a founder realizes that it is time to step down.
Great post Jay! I wonder to what extent your points #1 & 2 drive your point #3. In other words, one could posit that (at least some of) these companies are still ran by their founders precisely because the companies (i) have transformed our lives, and (ii) are the winners. I’d argue that (for at least some of these companies) these two factors contributed to major up rounds of valuation, which in turn allowed the founders to maintain significant share and control of their companies. Thoughts?