Ep-9 l Zero to One l Foundations Titelbild

Ep-9 l Zero to One l Foundations

Ep-9 l Zero to One l Foundations

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Do you know EVERY GREAT COMPANY is unique, but there are a few things that every business must get right at the beginning. It’s not just founders who need to get along. Everyone in the company needs to work well together. A Silicon Valley anarchist might say you could achieve perfect alignment as long as you hire just the right people, who will flourish peacefully without any guiding structure. You need good people who get along, but you also need a structure to help keep everyone aligned for the long term. To anticipate likely sources of misalignment in any company, it’s useful to distinguish between three concepts: • Ownership: who legally owns a company’s equity? • Possession: who actually runs the company on a day-to-day basis? • Control: who formally governs the company’s affairs? A typical startup allocates ownership among founders, employees, and investors. The managers and employees who operate the company enjoy possession. And a board of directors, usually comprising founders and investors, exercises control. Let me know in the comment how your company structure is ?
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