Phares Kariuki

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Another potential risk of hybrid or hedging strategies is that founders who shift strategy in the middle of building a startup may cause major tensions within the startup or harm their ability to attract the best resources. For instance, if they initially attract the best cofounders and hires (wealth), then refuse to raise money from outside investors (control), they may bring on major dissention and high turnover among critical employees and lack the resources to continue paying the ones who remain.
The Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup
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