Why it’s Bullshit to Keep a Founder Around After His Ouster
Founders don’t often voluntarily replace themselves. It’s usually not their decision to step aside to let someone else take over the...
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Les Trachtman
- Aug 24, 2019
- 3 min
Ruined by Success
It’s the entrepreneur’s dream. An idea hatched in a garage blossoms into a venture that begins to scale and attract mainstream customers....
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Les Trachtman
- Aug 24, 2019
- 5 min
Don’t Delegate Responsibility Unless You Give Up Authority
Just weeks after the attacks of 9/11/2001, we held our regularly scheduled quarterly board meeting with our venture capital populated...
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Les Trachtman
- Aug 24, 2019
- 8 min
I Founded a Company That is Growing Fast; Why Would My Board Replace Me?
You worked hard. You beat the odds. Your company is growing fast. How could your board possibly have any motivation to replace you? If...
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Les Trachtman
- Aug 24, 2019
- 8 min
How Do You Know When It's Time To Go?
No founder ever wants to be replaced, although statistics say that most who run successful companies will be. But how do you know when...
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Les Trachtman
- Aug 24, 2019
- 5 min
A Broken Recruiting Process
There is a dirty little secret that executive recruiters would like you not to discover. It’s one that experienced managers have known...
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Les Trachtman
- Aug 24, 2019
- 9 min
How Lessons from Crossing the Chasm can extend your reign
The Chasm, according to Moore, depicts a difficult-to-cross gulf between early market adopters and main street. According to Moore,...
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Les Trachtman
- Aug 24, 2019
- 8 min
Why The Best Entrepreneurs are Cynical Optimists
I admit that I’m cynical. I come by it naturally, a product of my life experiences. Cynicism is generally not admired. My wife hates my...
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Les Trachtman
- Aug 24, 2019
- 3 min
Does Your Vote Count?
An alarming trend is occurring in a growing number of technology initial public offerings (IPO). Just prior to selling shares to an...
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Les Trachtman
- Oct 9, 2018
- 6 min
Every Founder Must Understand His or Her Inevitable Transition Out of the CEO Role
Diamonds may be forever, but the role of a CEO, even when you are the company founder, can be a precarious one. Most CEOs of venture...
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Les Trachtman
- Jul 25, 2018
- 3 min
What's the Risk of Naming my Company after Myself?
Here we go again! It’s hard to feel bad for the investors and banks who lined up to place their bets on a company whose founder’s persona...
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Les Trachtman
- Jul 21, 2018
- 5 min
You Can't Steer a Sailboat Unless It Is Moving
Just about every business decision, whether it's the launching of a new product, the entry into an adjacent market, an acquisition, as...
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Les Trachtman
- Jul 21, 2018
- 2 min
Why Founders Get Fired?
Despite the remarkable tales we read about founders who dropped out of college and started their ventures in the garages to emerge years...
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