Morrie the Toupee Salesman

Warning: Stultifying academic prose at all these links.
Learning to Govern? Venture Capitalists and the Replacement of Founder-CEOs in IPO Firms (MS Word Doc :-()
Rites of Passage: Managing CEO Transition in Venture-Backed Technology Companies (This one includes an annoying “please spam me” form before you can get to the paper [...]

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I feel some kinship. Though I don’t have a car as a keepsake:
“As many of you know, I am no longer associated with Tesla Motors other than as a shareholder and as the customer of Founders Series Roadster number 2. I am sad not to be part of Tesla anymore, and I believe that Tesla [...]

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An article about mature entrepreneurs. Interesting how many people cited age discrimination as a motivation.

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From Stowe Boyd, whom I met briefly last month. I’ve believed for a while what Gary Hamel is saying - it’s obvious to most people that technology allows for fewer managers (or more properly, for more self-management). But, business innovation is a lot harder than technology innovation, and the cult of Taylorism is long established. [...]

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An article from the NYT about websites for kids. I think they must be talking about the demands on parents’ credit cards.

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An article on abuse of shareholders by “professional” CEOs. I’ve believed for a long time that the best thing many companies can do to improve their bottom line is to find a nearby cliff, take the CEO out there and push him or her off. Though escorting him to the door probably is less dramatic [...]

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An excellent article from the last bubble. For a little context, it’s important to know that Philip got > $8 million out of Greylock. There were other founders, I believe they got squat.

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36 Tips for Entrepreneurs. The first one and the last one are the best.

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And a dotcom that actually is willing to mention that it employs people over 40. Refreshing!

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From Startup Company Lawyer: “There is some risk of claims against the founders that sell (and the board) if the company never reaches a liquidity event. The other stockholders (including disgruntled employees) might argue that the company should have issued new shares to the investors and received the funds that the founder received from selling the [...]

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