Founding a company takes vision, charisma, energy and all sorts of other venerable characteristics, but those leadership qualities often aren’t enough to steer that same company from start-up to full-fledged corporation. In fact, often the entrepreneur can unwittingly derail it, according to a report by executive placement firm Spencer Stuart, which describes “founderitis” as a painful corporate affliction and identifies a variety of symptoms. Typically, the VCs and board members make the diagnosis, and they almost always treat the malady by asking the current CEO to voluntarily step aside.
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