Twitter co-founder Jack Dorsey’s resignation letter included some parting phrases of warning: Being “founder-led,” he wrote, will be “severely limiting and a single level of failure” for a enterprise.
The recommendation most likely fell on deaf ears. As Mr. Dorsey wrote: “There aren’t many founders who select their firm over their very own ego.” And, in one other signal that irony is lifeless, he stays chief govt of funds firm Sq. Inc., quickly to be referred to as Block, which he co-founded in 2009. However traders aren’t certain by the identical hubris. Ought to they be cautious about shopping for into firms the place a founder may need stayed too lengthy on the occasion?