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The Founder’s Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup (The Kauffman Foundation Series on Innovation and Entrepreneurship)

Amazon.com Price:  $11.06 (as of 26/04/2019 17:33 PST- Details)

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Description

Often downplayed in the excitement of starting up a new business venture is likely one of the most important decisions entrepreneurs will face: must 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 is the first book to examine the early decisions by entrepreneurs that can make or break a startup and its team.

Drawing on a decade of research, Noam Wasserman reveals the common pitfalls founders face and how to keep away from them. He looks at whether this 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 must exit or be fired. Wasserman explains how to anticipate, keep away from, or recuperate from disastrous mistakes that can splinter a founding team, strip founders of keep an eye on, 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 most efficient resources to grow it, and demonstrates why the easy short-term choice is regularly the most perilous in the longer term.

The Founder’s Dilemmas draws on the inside stories of founders like Evan Williams of Twitter and Tim Westergren of Pandora, whilst mining quantitative data on almost ten thousand founders.

People problems are the leading cause of failure in startups. This book offers solutions.

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