Now that Yahoo! Answers is in GA, I have some time to devote to this blog again. Here is one for the Rants About Working in the Valley section.
I’ve seen this happen numerous times in my years in the Valley.
1. Young whipper-snapper creates company.
2. VC funds company.
3. Company enjoys early momentum & success.
4. VC places “veteran” mgmt team above young whipper-snapper.
5. Company becomes corporate and loses momentum.
6. Young whipper snapper gets blamed for losing momentum, is pushed out.
7. “Veteran” mgmt team gets credit for selling company to Big Behemoth.
Repeat
Young whipper-snapper creates another company.
……
While young whipper-snapper probably could use a few key veterans in the industry to grow the company to the next level, it always seems to be a mistake to give up the CEO spot, at least not until you’ve made your billion, and you don’t really care.
