Should You Have a Board? As I mentioned last week, Fred’s post from a few months ago about an M&A Case study involving WhatCounts had a couple of provocative thoughts in it from CEO David Geller. The second one I wanted to address is whether or not you should have take on institutional investors and have a Board. As David said in the post: Fewer outsiders dictating (or strongly suggesting) direction means that you will be able to pursue your goals more closely and with less friction Although I have a lot of respect for David, I disagree with the notion that outsiders around the Board table is inherently bad for a business, or at least that the friction from…
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entrepreneur
Size of Pie, a.k.a. What Type of Entrepreneur Are You?
Size of Pie, a.k.a. What Type of Entrepreneur Are You? Mmmm…pie. A post that Fred had up a few weeks ago about an M&A Case study involving WhatCounts, a company in the email space that I’ve known and had a lot of respect for for years, got me thinking about two different topics. The first is thinking about types of entrepreneurs. I’ve always said there were two types: serial entrepreneurs who are great at starting companies but less great at scaling them, and entrepreneurs who are often part of a group of founders but who go on to continue to run the business for the long-haul. CEO David Geller’s quote that gets to the heart of this in Fred’s post…