Recipient of the Class of 2009 Faculty Award, Professor Noam Wasserman will discuss how early decisions around money and power in entrepreneurial ventures have important long-term consequences for founders and their ventures. Professor Wasserman's research indicates that a founder who gives up more equity to attract cofounders, new hires, and investors builds a more valuable company than one who parts with less equity. More often than not, however, those superior returns come from replacing the founder with a professional CEO more experienced with the needs of a growing company. This fundamental tension requires founders to make "rich" versus "king" trade-offs to maximize either their wealth or their control over the company. 

   

DATE: March 10, 2010 at 12:00 p.m.  

LOCATION:  Your home or office  

RSVP by 10:00 p.m. on Friday, March 5th by emailing David Malinas at dmalinas@mba2002.hbs.edu

   

COST: No charge; Members only  

   

We will email conference call details and instructions for submitting questions by the end of the day on Tuesday, March 9th.   

   

ORGANIZER:  Bruce Marcus '80 (Moderator), HBS Alumni Office