Question 1: Has Lew Cirne been a good CEO so far, should he defend himself & fight to remain CEO? As Lew Cirne, why would Richard. View Homework Help – Founder-CEO Succession at Wily from ENTP at University of Texas. Founder-CEO Succession at Wily Technology . Reference no. Subject category: Entrepreneurship. Thumbnail image for S FOUNDER-CEO SUCCESSION AT WILY TECHNOLOGY. Case.

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Using proprietary survey data, we empirically test the predictions.

Founder Control and Value Creation in Startups Does the degree to which founders keep control of their startups affect company value? Wasserman, Noam, and Yael Braid. My account New to Foundder-ceo Case Centre? He also agreed to give Williams roughly as much equity as he himself owned and far more in salary. The relationship appears not to be causal, but instead driven by selection effects across heterogeneous teams with varying degrees of inequality aversion. technollgy

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He had developed Wily’s early technology single-handedly, had hired 50 employees to help him build his company, and had successfully spearheaded a strategic transformation of his company. Please find below the full founder-ceeo of the product you clicked a link to view.

Cite View Details Purchase. Cirne wonders what technolgoy could have done to be pushed to the side like this. Gompers, Paul, and Noam Wasserman. Finance General Management Marketing. Founder Control and Value Creation in Startups. As the founder, CEO, and chairman of Wily Technology, Cirne had worked hard to build the skills necessary to lead his start-up.


Finance Globalization Health Care. While considering Williams’ incredible demand, Cirne reflects on everything he has already given twchnology to get Wily Technology to this point.

On average, each additional level of founder control i. Technology and Operations Management. Access this item You must be logged in to view this material. Go to advanced search. Product details Share this page: View our pricing guide or login to see prices.

Article Management Science August Tax ID No I develop hypotheses about this tradeoff and test the hypotheses on a unique dataset of 6, American startups. Article Strategic Management Journal February Cite View Details Purchase Related. Cite View Details Educators Purchase. Business and Environment Business History Entrepreneurship.

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The Case Centre is a not-for-profit company limited by guarantee, registered in England No and entered in the Register of Charities No Register Submit to us Case writing resources Case successiin scholarships How to submit your case Online case submission Why submit your case to us? He had led Wily to the point where founder-xeo important customers bought its flagship product and had successfully raised two rounds of financing from top investors.

I argue that founders face a “control dilemma” in which a startup’s resource dependence drives a wedge between the startup’s value and the succcession ability to retain control of decision making. All fields Reference no. The Case Centre is dedicated to advancing the case method worldwide, fonder-ceo knowledge, wisdom and experience to inspire and transform business education across the globe.


Using a formal theory where founders may have preferences over relative outcomes, we derive predictions about the antecedents and consequences of dividing equity equally among all founders.

Equality and Inequality ; Entrepreneurship ; Equity. By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them. What should he do now? Paul Gompers and Noam Wasserman.

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The Division of Founder Equity in New Ventures We examine the trade-off between efficiency and equality within the context of entrepreneurial founding teams. Our central qt is that teams that split equity equally are less likely to raise funds from outside investors.

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