CHAPTER 7

Founder’s Role with IPO Firms

Introduction

There are probably numerous factors that motivate founders to form a new enterprise and invest the substantial amount of time and resources necessary to try and make the enterprise successful. Money, an opportunity for personal wealth maximization, is obviously important; ­however, founders often take the plunge because of their personal drive and ­ambition to carry out their “vision” and create and lead an organization dedicated to fulfilling that vision. The founder’s vision is certainly important during the early stages of the venture. As Wasserman explains:

At the start, the enterprise is only an idea in the mind of its founder, who possesses all the insights about the opportunity; about ...

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