What Happens If A Startup Founder Gets Hit By A Bus?
from the perhaps-not-much dept
Of course, until now, all of the stories on this were anecdotal. But, Paul Kedrosky points us to new research that was done on what happens if a founder dies early on in the life of a company, in an attempt to determine just how important it is for founders to stick around. It may surprise many (as it surprised me) to discover that, apparently, there isn't much of an impact if the founder passes on. The only real impact is a brief hit to profitability -- but it doesn't seem to have much long term impact. In other words, it really does take a team of folks to successfully implement an idea and bring it to market. While that doesn't necessarily mean founders are "expendable," it does highlight the importance of a strong overall team, rather than reliance on a single "visionary" expected to guide all aspects of the company. It doesn't mean founders shouldn't watch out for speeding buses, however.