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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My account New to The Case Centre? Register Submit to us Case writing resources Case writing scholarships How to submit your case Online case submission Why submit your case to us? Equality and Inequality ; Entrepreneurship ; Equity. While considering Williams’ incredible demand, Cirne reflects on everything he has already given up to get Wily Technology to this point.

Cite View Details Purchase Related. What should he do now? I develop hypotheses about this tradeoff and test the hypotheses on a unique dataset of 6, American startups.

Article Management Science August Product details Share this page: Founder Control and Value Creation in Startups Does the degree to which founders keep control of their startups affect company value? Cite View Details Educators Purchase. He had led Wily to the point where several important customers bought its flagship product and had successfully raised two rounds of shccession from top investors.

Sudcession average, each additional level of founder control i. Tax ID No Using proprietary survey data, we empirically test the predictions. Access this item You must be logged in to view this material. You can change your cookie settings at any time but parts of our site will not function correctly without them.


As the founder, CEO, and chairman of Wily Technology, Cirne had worked hard to build the skills necessary to lead his start-up.

Wasserman, Noam, and Yael Braid.

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them. 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.

Technology and Operations Management. Founder Control and Value Creation in Startups. Article Strategic Management Journal February Keep up to date with email updates Pricing Shipping options Terms of business What’s available from us? 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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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.

The relationship appears not to be causal, but instead driven by selection effects across heterogeneous teams with varying degrees of inequality aversion. Please find below the full details of the product you clicked a link to view. He also agreed to give Williams roughly sucession much equity as he himself owned and far more in salary.


Cirne wonders what he could have done to be pushed to the side like this.

markwahlbarg: Founder CEO Succession at Wily Technology

The Division of Founder Equity in New Ventures We examine the founder-co between efficiency and equality within the context of entrepreneurial founding teams. Wasserman and Henry McCance. Finance General Management Marketing. Business and Environment Business History Entrepreneurship. The Case Centre is a not-for-profit company limited by guarantee, registered in England No and entered in the Register of Charities No Cite View Foundef-ceo Purchase.

Go to advanced search. Paul Gompers and Noam Wasserman.

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Our central finding is that teams that split equity equally are less likely to raise funds from outside investors. 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 yechnology founders. Finance Globalization Health Care. View our pricing guide or login to see prices.

Gompers, Paul, and Noam Wasserman.