Founder CEO Succession in High Growth Ventures How do entrepreneurs perceive their role as a founder CEO as their companies grow, and what impact does this have on their “decision” to remain in that role?
In order to grow, the founder must go. This is the conventional wisdom which states that when entrepreneurial firms enter a stage of rapid growth the new business quickly surpasses the skills and capacity of the founder. In this phase of rapid growth this paper aims to understand how entrepreneurs perceive their role as founder CEO as their company grows, and what impact this has on their “decisio