@sammy the funny thing is techies sometimes are never the right people to run a business and whatever happened at angani is expected in any startup where investors are involved especially where ROI is critical. My 2 cents. Maxwell
On Nov 20, 2015, at 06:27, Sammy Njoroge via skunkworks <skunkworks@lists.my.co.ke> wrote:
Board room / founder coups within startups are common. Investors will always insist on control of the board to keep the business in check. They are in it for the business/money.
When it is said they invest in a person it is not because of what they've done rather what they can do.
Despite founders coming up with the idea it does not imply they are best placed to lead the business (they may gain business experience later).
Simply put Rolls Royce, Google, Apple, PayPal, Cisco, yahoo, BlackBerry have gone through a similar thing. Some amicably and some as coups. Even Facebook and twitter had co-founder coups.
The way I look at it is if Musk wasn't kicked out of X.com and Peter Thiel put in control he'd probably have run it to the ground and we wouldn't have PayPal, space X, Tesla and Solar city. He went on to oust Tesla's founder and grow the company
Even Apple would probably have gone broke with steve jobs at the helm back in 1984.
Some good reads - https://hbr.org/2008/02/the-founders-dilemma
http://techcrunch.com/2010/12/31/how-to-avoid-getting-fired-from-your-own-co...
http://www.folklore.org/StoryView.py?project=Macintosh&story=The_End_Of_An_E...
If you call this greed how about reading up on preferred shares that have a liquidation preference :) I hope the founders at Angani had done their homework.
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