Research Catalog
The founder's dilemmas : anticipating and avoiding the pitfalls that can sink a startup
- Title
- The founder's dilemmas : anticipating and avoiding the pitfalls that can sink a startup / Noam Wasserman.
- Author
- Wasserman, Noam, 1969-
- Publication
- Princeton, N.J. : Princeton University Press, [2012], ©2012.
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
Not available - Please for assistance. | Text | Request in advance | HD62.5 .W375 2012 | Off-site |
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Details
- Description
- ix, 480 pages : illustrations; 25 cm.
- Summary
- Often downplayed in the excitement of starting up a new business venture is one of the most important decisions entrepreneurs will face: should they go it alone, or bring in cofounders, hires, and investors to help build the business? More than just financial rewards are at stake. Friendships and relationships can suffer. Bad decisions at the inception of a promising venture lay the foundations for its eventual ruin. "The Founder's Dilemmas" examines the early decisions by entrepreneurs that can make or break a startup and its team. Noam Wasserman reveals the common pitfalls founders face and how to avoid them. He looks at whether it is a good idea to cofound with friends or relatives, how and when to split the equity within the founding team, and how to recognize when a successful founder-CEO should exit or be fired. Wasserman explains how to anticipate, avoid, or recover from disastrous mistakes that can splinter a founding team, strip founders of control, and leave founders without a financial payoff for their hard work and innovative ideas. He highlights the need at each step to strike a careful balance between controlling the startup and attracting the best resources to grow it, and demonstrates why the easy short-term choice is often the most perilous in the long term. "The Founder's Dilemmas" draws on the inside stories of founders like Evan Williams of Twitter and Tim Westergren of Pandora, while mining quantitative data on almost ten thousand founders.
- Series Statement
- The Kauffman Foundation series on innovation and entrepreneurship
- Uniform Title
- Kauffman Foundation series on innovation and entrepreneurship.
- Subject
- Bibliography (note)
- Includes bibliographical references (pages 451-465) and index.
- Contents
- Introduction -- Career dilemmas -- The solo-versus-team dilemma -- Relationship dilemmas: Flocking together and playing with fire -- Role dilemmas: Positions and decision making -- Reward dilemmas: Equity splits and cash compensation -- The three Rs system: Alignment and equilibrium -- Hiring dilemmas: The right hires at the right time -- Investor dilemmas: Adding value, adding risks -- Failure, success, and founder-CEO succession -- Wealth-versus-control dilemmas.
- ISBN
- 9780691149134
- 0691149135
- 9780691158303
- 0691158304
- LCCN
- 2011037954
- 9937046
- OCLC
- ocn753468492
- 753468492
- SCSB-9024920
- Owning Institutions
- Columbia University Libraries