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 | From the Editor's Desk
The Founders Dilemma Why do people start businesses? For the money and the chance to control their own companies, certainly. But new research from Harvard Business School professor Wasserman shows that those goals are largely incompatible.
The author’s studies indicate 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.
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WorkTropical Storm Philippe Forms in the Atlantic   When a storm slows down over water, it can absorb more moisture. When the storm slows over land, it can release more rain over a single location. In 2019, for example, Hurricane Dorian slowed to a crawl over the northwestern Bahamas, resulting in a total rainfall of 22.84 inches in Hope Town during the storm. Work
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