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137:, either as an entirely symbolic post, or as a position with some power, such as a permanent position on the board of directors. A drawback to such an arrangement is the possibility that the founder will clash with the person who has replaced them as leader of the organization, and that such a conflict will affect the performance of the founder emeritus as a board member.
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practical way to cope with overreliance on a founder is to distribute management duties so that others are clearly responsible for important operations. If the founder is on the nonprofit's board, part of the solution is to make sure that the board is diverse, balanced, and regularly infused with new blood".
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A number of specific issues have been identified in connection with the role of the founder. The founder of an organization might be so closely identified with that organization, or so heavily involved in its operations, that the organization can struggle to exist without the founder's presence. "One
152:
identified this problem as the founder's dilemma, noting that in most successful companies, the founder is pushed out of control by investors within the first few years after the formation of the company. In some cases, a company may have multiple founders, and a prominent source of conflict can be
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definition of "Promoter" includes: (i) Any person who, acting alone or in conjunction with one or more other persons, directly or indirectly takes initiative in founding and organizing the business or enterprise of an issuer; however, not every promoter is a co-founder. In fact, there is no formal,
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disagreements between these founders as the company evolves. There are factors beyond the personality and professional accolades of a startup founder that impact the ability of a company to succeed, like trouble in funding, sudden market shutdown, not having the right team or poor scaling plan.
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In some instances, the desire of the founder to maintain control over the organization becomes a problem because, when an entrepreneurial organization is successful, "t outgrows the ability of the founder, or even of a small team around the founder, to control". The
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legal definition of what makes someone a co-founder. The right to call oneself a co-founder can be established through an agreement with one's fellow co-founders or with permission of the board of directors, investors, or shareholders of a
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Another problem that can arise is that of the forgotten founder, a person who participates early on in the formation of an enterprise, but leaves or is ousted before it achieves success, and then returns to claim a legal right to
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The
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Be Board Ready: The
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433:"The Top 10 Entrepreneurial Mistakes that Startup Studios Help Address"
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Founder's
Dilemma: What is it that you truly desire? Power or Money?
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Managers and the Legal
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76:. If the organization is a business, the founder is usually an
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293:"Tesla Lawsuit: The Incredible Importance of Being a Founder"
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Do More Faster: Techstars
Lessons to Accelerate Your Startup
351:. Basingstoke, Hampshire: Palgrave Macmillan. p. 445.
410:. Hoboken, New Jersey: John Wiley & Sons. p. 67.
240:
Securities and
Exchange Commission (September 12, 2008),
217:
Starting & Building a
Nonprofit: A Practical Guide
122:, disputes about who the co-founders are, can arise.
219:(6th ed.). Berkeley, Calif: Nolo. p. 87.
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118:. When there is no definitive agreement, like a
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242:"Guide to Definitions of Terms Used in Form D"
105:considers co-founders to be "promoters" under
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178:that are subject to vesting over time".
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27:Person who creates a new organization
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291:Katie Fehrenbacher (June 14, 2009).
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431:Kronenberger, Craig (2021-08-20).
324:. NEWTYPE Publishing. p. 84.
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265:Lora Kolodny (April 30, 2013).
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88:Issues arising from the role
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394:Shah, Dharmesh (2019) .
381:Harvard Business Review
149:Harvard Business Review
120:shareholders' agreement
58:charitable organization
501:Management occupations
437:Startup Studio Insider
46:organizational founder
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18:Organizational Founder
458:Constance E. Bagley,
376:The Founder's Dilemma
345:White, Colin (2004).
215:Pakroo, Peri (2015).
168:intellectual property
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496:Business occupations
348:Strategic Management
37:, co-founder of the
271:Wall Street Journal
188:Founder's syndrome
52:, whether it is a
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372:Noam T. Wasserman
157:Forgotten founder
141:Founder's dilemma
16:(Redirected from
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384:(February 2008).
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193:Founder CEO
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199:References
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406:(eds.).
320:(2019).
182:See also
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