this post was submitted on 18 Nov 2023
239 points (97.2% liked)
Technology
58713 readers
3995 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Seen this story time and time again. "Founder of company kicked out of own business they created". Why does this happen so often?
When you go public its not really your company anymore, its shareholders company.
That doesn't really answer my question though. Why would anyone kick out the people responsible for creating the business in the first place? The people who imagined and thrust the business into life and massive success? Seems like they would be valuable people to shareholders...
Founders are big thinkers and risk takers. When a company has found success, the owners prefer to focus on scaling that value rather than doubling or tripling down on the next big thing but the founders often want to keep betting it all.
Put another way, if you bet 100 and have turned it into 1,000,000 would you want to get your money out or play roulette?