Tag Archives: founder

TOO MANY FOUNDERS

1989400_orig2 TSeth Temko

A new company is always short on cash and long on tasks. Right from the start an excited pot of people gather together and someone puts a stake in the ground “We’re doing this”.  From that point forward a business entity is formed and shares are issued.  From this, founders are born.

I’ve come across a number of startups with 3, 4, 5 and even 7 founders involved in various startups over the past year. It’s always debatable about the right number of founders but there definitely can be too many.  Too many founders significantly affects the success of the company, the happiness of the founders and the financial results the founders may achieve personally.

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Filed under angel, angel investor, Entrepreneur, Entrepreneurship, High Tech, Low Tech, Startup Companies, Startups

YOUR BUSINESS AND YOUR CHILDREN

Child Executive0001 TBy Nick Arvis

“Why am I doing this?”   That’s the question dominating a President’s Advisory Committee board meeting (PAC).  None of the members—all business owners—intend to give or sell their business to their children.  Instead, in a reversal of traditional social norms, all of them plan to use their wealth to empower their children on whatever paths the kids happen to choose.The members range in age from early forties to mid-fifties. Each of them has done very well. Their children range in age from the early grades to out-of-the-nest adults.

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Filed under Conflict, Education, Entrepreneur, Entrepreneurship, Giving, High Tech, Low Tech, Relationships, Startup Companies, Startups, The Economy