View source for M3-S9 - Wasserman, N. The founder's dilemma

The idea in brief:
* Most entrepreneurs want to make money AND run the show. Research reveals that it is difficult to do both.
* To attract investors, you need to relinquish control
* To stay in charge, you will have less financial means

If you want to get rich:
* You need broader skills such as creating formal processes and specialized roles
* Investors dole out money in stages, they will add their own people in each stage and you will get less control
* If you are more motivate by wealth than power:
** Recognize when the top job has stretched beyond your abilities and hire a new CEO yourself
** Be open to pursuing ideas that require external financing.

If you want to run the company:
* Restrict on a business where you already have skills and contacts
* Focus on a business in which you do not need large amounts of capital
* Wait until later in your career until you have developed more skills and accumulated some savings for bootstrapping.
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