Question 1: Has Lew Cirne been a good CEO so far, should he defend himself & fight to remain CEO? As Lew Cirne, why would Richard. View Homework Help – Founder-CEO Succession at Wily from ENTP at University of Texas. Founder-CEO Succession at Wily Technology . Reference no. Subject category: Entrepreneurship. Thumbnail image for S FOUNDER-CEO SUCCESSION AT WILY TECHNOLOGY. Case.

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Article Management Science August What should he do now? Gompers, Paul, and Noam Wasserman. Article Strategic Management Journal February Cite View Details Educators Purchase. The relationship appears not to be causal, but instead driven by selection effects across heterogeneous teams with varying degrees of inequality aversion. Using a formal theory where founders may have preferences over relative outcomes, we derive predictions about the antecedents and consequences of dividing equity equally among all founders.

Our central finding is that teams that split equity equally are less likely to raise succewsion from outside investors.

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Business and Environment Business History Entrepreneurship. Paul Gompers and Noam Wasserman. Keep up to date with email updates Pricing Shipping options Terms of business What’s available from us?

While considering Williams’ incredible demand, Cirne reflects on everything he has already given up to get Wily Technology to this point. Equality and Inequality ; Entrepreneurship ; Equity. Access this item You must be logged in to view this material. I develop hypotheses about this tradeoff and test the hypotheses on a unique dataset of 6, American startups. All fields Reference no. I argue that founders face a “control dilemma” in which a startup’s resource dependence drives a wedge between the startup’s value and the founder’s ability to retain control of decision making.


He also agreed to give Williams roughly as much equity as he himself owned and far more in salary. Finance Globalization Health Care. Register Submit to us Case writing resources Case writing scholarships How to submit your case Online case submission Why submit your case to us?

Founder-CEO Succession at Wily Technology | The Case Centre, for educators

He had developed Wily’s early technology single-handedly, had hired 50 employees to help him build his company, and had successfully spearheaded a strategic transformation of his company. View our pricing guide or founeer-ceo to see prices. Wasserman, Noam, and Yael Braid. Finance General Management Marketing. The Case Centre is dedicated to advancing the case method worldwide, sharing knowledge, wisdom and experience to inspire and transform business education across the globe.

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Tax ID No Cite View Details Purchase. Using proprietary survey data, we empirically test the predictions. As the founder, CEO, and chairman of Wily Technology, Cirne had worked hard to build the skills necessary to lead his start-up. Succesaion wonders what he could have done to be pushed to the side like this.


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You can change your cookie settings technilogy any time but parts of our site will not function correctly without them. Product details Share this page: Founder Control and Value Creation in Startups.

My account New to The Case Centre? The Division of Founder Equity in New Ventures We examine the trade-off between efficiency and equality within the context of entrepreneurial founding teams.

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He had led Wily to the point where several important customers bought its flagship product and had successfully raised two rounds of financing from top investors. Wasserman and Henry McCance.

Founder Control and Value Creation in Startups Does the degree to which founders keep control of their startups affect company value? On average, each additional level of founder control i. By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.