FTX and the Problem of Unchecked Founder Power
Briefly

Startup founders typically face a fundamental tradeoff: They can grow the company, increasing its value and the value of their shares, but to do so they must give up some control.Or, they can keep control, at the expense of growth.That tradeoff exists for good reason: Investors who supply the capital necessary to grow want to make sure their money will be well spent.
Read at Harvard Business Review
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