Factors like control, wealth, and relationships shape decisions from "summary" of The Founder's Dilemmas by Noam Wasserman
Factors like control, wealth, and relationships are critical in shaping the decisions of founders of new ventures. Control issues arise due to the desire to maintain power and authority over the direction of the company. Founders may be reluctant to give up control as they fear losing their vision or being pushed out by investors or other stakeholders. This fear of losing control can heavily influence decisions related to seeking funding, partnerships, or even hiring key employees. Wealth considerations also play a significant role in decision-making for founders. The desire to achieve financial success can drive founders to make choices that prioritize short-term gains over long-term sustainability. For example...
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