alt Hacker News> In fact, one study I cite in the book found that something like 80% of founders of venture-backed companies will no longer be CEO even three years after an IPO.
Why? Is there something that inherently prevents founders to remain in control after IPO?
Yes, it's called today's governance "best practices." Many of them are actually quite value-destroying, and founders should run for the hills every time they hear that phrase.