When startup entrepreneurs go for “funding” of their business, product, or service, there’s a general idea that founder-led companies might not be “up to the task” as “professional CEOs.”
Well, the data is in and the answer is: Founder-led CEOs WIN!
Check out this article Why startup founders can make solid CEOs at CNN Money. Here’s the significant quote from a 2005 study:
Founder-led companies had a market-adjusted return of 12% over the course of three years and a survival rate of 73%, compared with a return of -26% and a survival rate of 60% for firms that hired a new CEO…
What are your thoughts?