The Founder's Dilemmas

  • by Noam Wasserman
  • Narrated by Mark Mosely
  • 13 hrs and 29 mins
  • Unabridged Audiobook

Publisher's Summary

Often downplayed in the excitement of starting up a new business venture is one of the most important decisions entrepreneurs will face: should they go it alone, or bring in cofounders, hires, and investors to help build the business? More than just financial rewards are at stake. Friendships and relationships can suffer. Bad decisions at the inception of a promising venture lay the foundations for its eventual ruin. The Founder's Dilemmas is the first book to examine the early decisions by entrepreneurs that can make or break a startup and its team.
Drawing on a decade of research, Noam Wasserman reveals the common pitfalls founders face and how to avoid them. He looks at whether it is a good idea to cofound with friends or relatives, how and when to split the equity within the founding team, and how to recognize when a successful founder-CEO should exit or be fired. Wasserman explains how to anticipate, avoid, or recover from disastrous mistakes that can splinter a founding team, strip founders of control, and leave founders without a financial payoff for their hard work and innovative ideas. He highlights the need at each step to strike a careful balance between controlling the startup and attracting the best resources to grow it, and demonstrates why the easy short-term choice is often the most perilous in the long term.
The Founder's Dilemmas draws on the inside stories of founders like Evan Williams of Twitter and Tim Westergren of Pandora, while mining quantitative data on almost 10,000 founders. People problems are the leading cause of failure in startups. This book offers solutions.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

More

What the Critics Say

"[A] seminal work.... Sure to be required reading in business school curricula, this illuminating and captivating read will also appeal to aspiring entrepreneurs or founders who want to make better decisions in existing ventures." (Publishers Weekly)
"Ten years of extensive research combined with winning case studies make this a trustworthy source not only for the potential startup owner but also for the classroom." (Library Journal)

More

See More Like This

Customer Reviews

Most Helpful

Vital and interesting but...

Really interesting base material and research into the problems and issues faced by founders and entrepreneurs. Based on wide-ranging research there is a lot of useful information for entrepreneurs and founders. This book should be a No.1 blockbuster book, but it isn't.
The problem is that is that the writing and narration is so boring it is a real struggle to get the gems contained in the book out. I had to listen to it in small chunks otherwise I realise I just zoned the drone out. A lesson in how to turn interesting and vital research material into boring and unappealing drudgery. I had lecturers like this!
Read full review

- D. J. Wilkinson

An Invaluable Resource

I thoroughly enjoyed this book. Its mixture of hard data analysis and case studies allows you to take in the information and see how ito interpret it when faced with your own dilemmas. I particularly liked the discussion around how to hedge against the possible downside that comes with certain choices. A must for anyone wanting to start their own business.
Read full review

- Amazon Customer

Book Details

  • Release Date: 21-09-2012
  • Publisher: Audible Studios