[ai_slop_hater]

> 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?

[eries]

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.