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When Founders Go Too Far
Blank, SteveArticle HBS-R1706F-EEntrepreneurshipSilicon Valley venture capitalists used to routinely oust start-up founders--who were viewed as green and unskilled--as part of the process leading to an IPO. The author, an adjunct professor at Stanford and a well-known entrepreneurship thinker, describes how VCs gradually came to see founders not as a problem that needed to be solved but as a valuable asset that needed to be retained. In July 2009, when Mark Andreessen cofounded the VC firm And...Starting at €8.20