[cutemonster]

I think you're forgetting this:

"often turns out to mean is: hire professional fakers and let them drive the company into the ground."

That's not low risk, that's higher risk. Letting the founders continue in Founder Mode can be both lower risk, and higher expected value, at the same time.

> hiring good people and letting them do etc is all just details of dynamics emanating from this unreasonable risk taking ability

I think not. Instead, the founders have unique insights: in the product, in the business domain, in the people in the company - which lets them do Founder Mode things a professional CEO cannot.

Sth else:

> only really unreasonable people can make huge changes in society.

Nice way of phrasing it :-)

[vinay_ys]

> That's not low risk, that's higher risk. Letting the founders continue in Founder Mode can be both lower risk, and higher expected value, at the same time.

It depends on how the founder and their investors perceive risk. If they have the risk appetite to stay in founder mode at scale, even when they have a lot to lose, then they do. But most don't. That's my point. And so, they take the advise to derisk for themselves – they take some money off the table, they hire professional managers and delegate, they take their new found time and money and put it elsewhere.