VCs’ Strange, Instinctual Need to Replace Founders – HBR

A must read for all entrepreneurs and startups — need-to-know.    Due diligence of VC before seeking funding is important but not fail safe in this instance of CEO replacement.

Excerpt:  The weirder, more important instances come when a company is doing well. Frequently, VCs disagree with a key element of strategy, often how aggressively monetize the company at the expense of other growth. The downsides to doing so are several-fold. ….

Read full article via VCs’ Strange, Instinctual Need to Replace Founders – Bruce Gibney and Ken Howery – Harvard Business Review.

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