Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

Everything you thought you knew about investing in startups is wrong

Primary evangelist: Sean Parker

Thesis: Young founder-CEOs should not be replaced by professional managers or lose board control, because they’re uniquely suited to run companies in the internet and mobile era.

Inherent flaw: This setup overcorrects the previous norm of replacing founders after raising a series A funding round. Subsequent “innovations” gave founders super-voting control as a matter of course and let them sell shares during funding rounds with no effect on their power.

Image: https://www.fastcompany.com