4 The founding team: Who’s in and who’s not?
This chapter covers
- What is the role of a startup founder?
- Who gets the founder badge, and when should it be awarded?
- Crafting founder equity—what's the best way to structure it?
In the nine startups I either founded or ran, or both, I have had one, two, three, five, and six founders. How that is determined is not a science but a very important art that sets the stage for how the company culture will materialize.
I came into my first startup, MasPar, as employee number 12; but because of my research at Duke, they made me honorary founder number 6, which had no substance to it, such as stock or title. Four key leaders from Open Environment and I became the five founders of Webspective. At ...
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