Found a company and you can be in control or you can be rich. It’s hard to be both: you need to figure out what motivates you, and what’s important to you, and then act accordingly.
According to Noam Wasserman, a professor at Harvard Business School, if you’re an entrepreneur then you will often face situations where you need to confront this dichotomy.
When you start up, do you set off on your own (and stay king), or find a co-founder (losing control, but increasing the odds of success)?
Do you choose investors who stay in the shadows (remain king), or ones who are hands-on (get rich)?
When you reach your limits, do you remain CEO (and stay king) or take a back seat and hire somebody in to take your place (get rich)?
You can read more at Noam’s blog.
Get your Fall BoS Conference Ticket
27 - 29 September 2021, Online
BoS Conferences are the events professional CEOs and serious founders attend to learn how to build, run, and scale successful software companies.
First batch of speakers and sessions have been announced. Attendance is limited to 300 spots.