4. Leadership Responsibilities
At Each Stage
Strategic Innovator
Change Catalyst
Organization Builder
Chief of Culture
Team Builder
Coach
Planner
Communicator
START UP
INITIAL GROWTH
RAPID GROWTH
CONTINUOUS GROWTH
Doer/Decision Maker
Delegator
Direction Setter
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5. Leader's Ability to Delegate
Changes As You Grow
Leader’s Ability to Do
Cash
Business Resource
Matching of
Business
and Personal
Goals
People-
Quality and
Diversity
Strategic Planning
Systems and Controls
Critical to
the Company
Important but
Managed
Modestly
Irrelevant or a
Natural
By-product
VALU
TIME5/13/2014 2014lescharm 5
7. SUCCESS RATES OF FOUNDERS
Company
Age
3 Years 4 Years IPO
% still CEO 50% 40% 25%
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8. The Rich-vs-King Tradeoff
$10
$9
$8
$7
$6
$5
$4
$3
$2
Gave up both
CEO and
Board Control
Kept CEO
Position Only
Kept Board
Control Only
Kept CEO and
Board Control
Shareofcompanyvaluation$M)
Older company (n=219)
Younger company (n=230)
Noam Wasserman
Academy 2006 Best Paper Proceedings
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9. The Trade-Off Entrepreneurs Make
Well Below Potential Close to Potential
CompleteLittle
Failure Rich
King Exception
Financial Gains
ControlOverCompany
Noam Wasserman
The Founder’s Dilemma
2014lescharm5/13/2014 9
10. Going back 15 years, stocks in
founder/CEO companies have
surged an average
970% vs. a 222% gain for the S&P
500.
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