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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Equality and Inequality ; Entrepreneurship ; Equity. Access this item You must be logged in to view this material.

markwahlbarg: Founder CEO Succession at Wily Technology

Technology and Operations Management. Tax ID No Keep up to date with email updates Pricing Shipping options Terms of business What’s available from us? Our central finding is that teams that split equity equally are less likely to raise funds from outside investors. Using proprietary survey data, we empirically test the predictions.

Cirne wonders what he could have done to be pushed to the side like this. Finance Globalization Health Care. 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.

Paul Gompers and Noam Wasserman. Article Strategic Management Journal February Finance General Management Marketing. Founder Control and Value Creation in Startups Does the degree to which founders keep control of their startups affect company value?


I develop hypotheses about this tradeoff and test the hypotheses on a unique dataset of 6, American startups.

He also agreed to give Williams roughly as much equity as he himself owned and far technoolgy in salary. Cite View Details Educators Purchase.

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Cite View Details Purchase. My account New to The Case Centre? Wasserman and Henry McCance. Founder Control and Value Creation in Startups.

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Product details Share this page: Cite View Details Founeer-ceo Related. Euccession 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. Gompers, Paul, and Noam Wasserman. The relationship appears not to be causal, but instead driven by selection effects across heterogeneous teams with varying degrees of inequality aversion.

He had led Wily to the point where several important customers bought its flagship product and had successfully raised two rounds of financing from top investors.

Article Management Science August Business and Environment Business History Entrepreneurship. The Division of Founder Equity in New Successioh We examine the trade-off between efficiency and equality within the context of entrepreneurial founding teams. As the founder, CEO, and chairman of Wily Technology, Cirne had worked hard to build the skills necessary to lead his start-up.

All fields Reference no. View our pricing guide or login to see prices. What should he do now? While considering Williams’ incredible demand, Cirne reflects on everything he has already given up to get Wily Technology to this point. Please find below the full details of the product you clicked a link to view. You can change your cookie settings at any time but parts of our site will not function correctly without them.


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Go to advanced search. On average, each additional level of founder control i. Register Submit to us Case writing resources Case writing scholarships How to submit your case Online case submission Why submit your case to us? The Case Centre is a not-for-profit company limited by guarantee, registered in England No and entered in the Register of Charities No Wasserman, Noam, and Yael Braid. The Case Centre is dedicated to advancing the case method worldwide, sharing knowledge, wisdom technologt experience to inspire and transform business education across the globe.

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 founder’s ability to retain control of decision making.

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