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Startups: Successful CEO-cum-founders a very rare breed

Noam Wasserman, a professor at Harvard Business School, wrote in a Harvard Business Review article in 2008: “Every would-be entrepreneur wants to be a Bill Gates, a Phil Knight, or an Anita Roddick, each of whom founded a large company and led it for many years. However, successful CEO-cum-founders are a very rare breed. When I analyzed 212 American startups that sprang up in the late 1990s and early 2000s, I discovered that most founders surrendered management control long before their companies went public.”