Virtual Learning Series: March 10, 2010 11am to Noon
The Founders' Dilemma: HBS Professor Noam Wasserman discusses the hard choices a business founder faces when contemplating the hire of a professional CEO.
Its Easy! We supply the conference call and professor and you listen in! This unique series of events will pop up monthly throughout the year with business topics of exceptional importance and significant current interest. All you have to do is put your phone on "mute" and listen to the most up-to-date comments and insights regarding the topic at hand. Questions will be submitted via e-mail, either before-hand or in real time during the call.
When: March 10, 2010 11am-Noon CST
Who: Professor Noam Wasserman, Recipient of the Class of 2009 Faculty Award
Topic: The Founders’ Dilemma – Professor Wasserman will discuss how early decisions around money and power in entrepreneurial ventures have important long-term consequences for founders and their ventures. Professor Wasserman’s research indicates that a founder who gives up more equity to attract cofounders, new hires, and investors builds a more valuable company than one who parts with less equity. More often than not, however, those superior returns come from replacing the founder with a professional CEO more experienced with the needs of a growing company. This fundamental tension requires founders to make "rich" versus "king" trade-offs to maximize either their wealth or their control over the company.
Registration: This event is FREE for HBS Club members, but you must register by 5:00PM Monday March 8th. registration is easy. Just click on the link below and you'll receive the conference call dial-in information by e-mail before the event.
Click HERE to register for this event
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