this post was submitted on 18 Nov 2023
241 points (96.9% liked)
Technology
59607 readers
3417 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
Generally the type of people who make good founders have to be dreamers to believe that their crazy idea not only can work but can change the world.
These people do not make good leaders as the company matures, as it now needs certainty for investors and detailed plans and structure instead of moonshot fantasies.
The same traits that make them good founders also make it difficult for them to let go of their position, or recognize that they should transition control to a better suited candidate, so often they must be removed by the board.
Source: Software Engineer in a tech startup
I've worked at tech startups and I've always hated seeing the good founders removed. It feels like such a scummy, sterile move. The board doesn't care that the founder/s did a nearly insurmountable amount of work to elevate the company and would rather have some career CEO take over so they can maximize profits rather than do right by the company. It's a perversion of the company's original values and people all so that some rich assholes can make more money.
Capitalism is all about perverse incentives. It's unavoidable