this post was submitted on 18 Nov 2023
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Seen this story time and time again. "Founder of company kicked out of own business they created". Why does this happen so often?
When you go public its not really your company anymore, its shareholders company.
That doesn't really answer my question though. Why would anyone kick out the people responsible for creating the business in the first place? The people who imagined and thrust the business into life and massive success? Seems like they would be valuable people to shareholders...
Founders are big thinkers and risk takers. When a company has found success, the owners prefer to focus on scaling that value rather than doubling or tripling down on the next big thing but the founders often want to keep betting it all.
Put another way, if you bet 100 and have turned it into 1,000,000 would you want to get your money out or play roulette?