Time to Leave
October 8th, 2006 by uday
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Everyone realizes the amount of effort an entrepreneur puts into his startup. His time and energy can only be measured in blood & sweat. Even more so, in a multi-dimensional, competitive world of today where we have online portals thriving entirely on startup news !
However, is it possible that a successful entrepreneur could be working himself out of a job ? Atleast, Noam Wasserman’s research published in HBS suggests so.
I like the common man’s analogy that the best captain for speed boats in the world may not be the best resource for running an oil tanker. To support his argument, Wasserman’s presents a case study of Lew Cirne, the founder of Wily Technology.
I am a personal witness to the change in pace that affects an organization’s thinktank after the company hits breakeven or gets bought over or just plain survives the first three years.
However, I also witnessed the extraordinary metamorphosis that some of the founding members went through after deciding to stay put. Some of them even went on create a project to identify a core set of ‘values’ that would not change with a changing face of the company and its financial prosperity.
Personally, I feel that it is time to reconvene a company’s priorities and leadership goals once the tipping point arrives. Beyond this line, it is impossible for each and every employee to continue to thrive on caffeine shots and weekend work for pizza slices.
I may not agree that it is hard for an entrepreneur to change or ’slow down for a change’ because ‘change’ is something he deals with everyday. However, it was certainly interesting to see someone bring up the change in atittude that needed to be displayed.
Posted in In the News |
October 8th, 2006 at 7:39 pm
A very interesting post uday.Liked it really much.
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It takes me to interview i heard from Steve Jobs of apple (founder) long time ago. He was asked to leave Apple to when the CEO he had appointed asked steve resign from board.It was very confusing to accept that ,how could he be out of the company he started.
I finally got some nice read for that question
Although its difficult to accept this kind of situation,but i think any entrepreneur would accept ,the most creative period or the most ejoyable part of the whole process is when you are small and just about starting ,the heaviness of success is replaced by the lightness of a beginer again and it could well give you an idea to something better
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I think this is atleast better than a situation where you just have a founder simply passing the leadership passed on to his children as it happens usually in our country .
taggy –
April 11th, 2007 at 1:40 am
[…] And even if you were to grow from being a startup to a large organisation.Then it also true That the best captain for speed boats in the world may not be the best resource for running an oil t… At some point of time you need a regular MBA who can do the daily chores and lets you think about […]
April 15th, 2007 at 6:27 pm
[…] And even if you were to grow from being a startup to a large organisation.Then it also true That the best captain for speed boats in the world may not be the best resource for running an oil t… At some point of time you need a regular MBA who can do the daily chores and lets you think about […]