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Nic Brisbourne’s view from London on venture capital and exploiting change in technology and media
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Founder transitions

Started by brisbourne · 6 months ago

Fred Wilson has a great post today on The Human Piece of the Venture Equation. It is a long post covering topics including the age of founders and the rise of new incubator models (like Y-Combinator), but for me the best piece is towards the end, where he talks about founder succession.
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7 comments

  • Many I'm being naive, but I just don't "get" this one. As a founder, and acting CEO I look forward to the day I can hand over and step aside, don't get me wrong I love it, but...

    A good coders aim is to make himself redundant, always. If what he/she builds is so good they're no longer needed on that problem that's a job well done. You move onto a hopefully harder, and currently unsolved challenge/problem/etc

    Now, isn't it similar? When a business hits the point where your work on that problem is done. Not to say the problem is solved but your work on it is no longer needed, no longer the right person to have at the helm isn't stepping aside a compliment to you?
  • Thanks Dave. Not everyone looks on it the same way as you though. It sounds like ego and control/power are not important concepts for you.
  • Possibly.

    I imagine it's actually highly specific to the situation, with far too many variables to *know* how you'd react... but when you get onto "I", I'm obvious bias.
  • I liked this bit of advice for founder CEOs...
    http://cerdafied.typepad.com/cerdafied_voip_mob...
  • Hey Henry - great link. I will add it as an update.
  • Hello Nic,

    I work with Newstex.com and we think your blog might be a good fit for syndication with Newstex. I tried finding contact info on your blog and saw your info card to e-mail you but could not find your e-mail address. Please send me a msg. at ncelli@newstex.com if you're interested in reviewing our proposal. Look forward to hearing from you!


    Regards,
    Neccia
  • Good post Nic. We need a lot more open debate on this topic, as it creates a lot unnecessary tension. At our end of the patch I think it's even more complex, see http://maxbley.typepad.com/maxs_blog/2008/08/fr....

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