Founders
This is the term used when founders prioritize control over financial gain.
What is king?
This is the type of hire founders often choose early because they trust them.
What are people they know?
This is granted when one has ownership in a company
What is equity?
In this company, increased success led to low morale and increased employee turnover
What is Anthena Bancorp?
In the beginning of building a company, the founder must choose to be one
What is rich or king?
Founders repeatedly face a core tradeoff of wealth or this
What is a control?
This is what happens when founders delay hiring needed talent for too long.
What is slowed growth?
This is why startups give ownership to early team members
What is for Incentive /ownership/alignment?
These illegal services were being sold at Linguaverse where Rai was a rogue co-founder
What are visa services?
This is the risk when the founder is the face of the entire brand
What is founder dependency?
Founders make bad early decisions because they are influenced by this
What is Passion/Optimism/Conflict avoidance/Overconfidence/Instinct over analysis?
DAILY DOUBLE!!!!!
The Three Rs System is made up of these components
What is Roles, Rewards, Relationships?
This happens when a founder gives away too much ownership early.
What is loss of control?
In this case, the business was working well, but the founder was burning out.
What is Pampered Pets?
The author of your book says, founder's easy early decisions often produce these which are very painful
What are long-term consequences?
The round of funding where most CEOs are replaced
What is the B-round?
When hiring nonfounding executives, startups rely heavily on this for recruiting
What is their personal networks?
These people invest their own money in startups
What are angel investors?
The monthly burn rate of Slutty Vegan before the first bankruptcy
What is $1 Million?
The closer the founder relationship with employees, the harder these are
What are the future decisions?
This is when the founder-CEO decides to step aside for a new CEO
What is voluntary succession?
The second most common source of startup employees come from here
What is the investors/board members network?
DAILY DOUBLE!!!!!
Fundraising from VCs gives this to founders for future rounds
What is credibility?
Broken Bridges required major decisions to have this to move forward
Everything a founder does must focus on this or risk swift removal by investors
What is the valuation?