000 02318 a2200229 4500
003 OSt
020 _a9780691158303
040 _cIIT Kanpur
041 _aeng
082 _a658.4
_bW283f
100 _aWasserman, Noam
245 _aThe founder’s dilemmas
_banticipating and avoiding the pitfalls that can sink a startup
_cNoam Wasserman
260 _bPrinceton University Press
_c2012
_aPrinceton
300 _aix, 480p
440 _aThe Kauffman foundation series on innovation and entrepreneurship
520 _aOften downplayed in the excitement of starting up a new business venture is one of the most important decisions entrepreneurs will face: should they go it alone, or bring in cofounders, hires, and investors to help build the business? More than just financial rewards are at stake. Friendships and relationships can suffer. Bad decisions at the inception of a promising venture lay the foundations for its eventual ruin. The Founder's Dilemmas is the first book to examine the early decisions by entrepreneurs that can make or break a startup and its team. Drawing on a decade of research, Noam Wasserman reveals the common pitfalls founders face and how to avoid them. He looks at whether it is a good idea to cofound with friends or relatives, how and when to split the equity within the founding team, and how to recognize when a successful founder-CEO should exit or be fired. Wasserman explains how to anticipate, avoid, or recover from disastrous mistakes that can splinter a founding team, strip founders of control, and leave founders without a financial payoff for their hard work and innovative ideas.He highlights the need at each step to strike a careful balance between controlling the startup and attracting the best resources to grow it, and demonstrates why the easy short-term choice is often the most perilous in the long term. The Founder's Dilemmas draws on the inside stories of founders like Evan Williams of Twitter and Tim Westergren of Pandora, while mining quantitative data on almost ten thousand founders. People problems are the leading cause of failure in startups. This book offers solutions.
650 _aFounders (Entrepreneurs)
650 _aBusiness Failures
650 _aNew Business Enterprises
650 _aDecision Making in Business
942 _cBK
999 _c567265
_d567265