Founder Led Companies – AVC

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I remember about fifteen years ago, a well-known VC told me “you have to sell a company within a few years of the founder leaving. Companies can not maintain their innovation after a founder leaves.” I told VC that my experience has been different in that respect and that I did not agree.

I have seen leadership teams take over amazing companies from founders and take them to the next level. Etsy, where I am chairman of the board and a major shareholder, is a good example of this. There are many others in my career as well.

However, there is something special that the founders provide to companies. I have heard it called “moral leadership”. I’ve heard it is called “the soul of business”. I have heard it called “long-term thinking”.

This podcast with Brian Armstrong, founder and CEO of Coinbase, another public company where I sit on the board and a major shareholder, is a good example of that.

If you like crypto or a Coinbase shareholder you may want to watch an entire hour and forty minutes of this video.

But if you want to see what I’m talking about with founding companies, there are some conversations in this podcast that I would refer you to. They are:

  • 25:48 The driving force and the vision
  • 29:36 The Future of Coinbase
  • 47:30 Public utilities & decentralization
  • 51:39 Eats all banks
  • 1:32:12 Ripens and grows

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