Sunday, January 2, 2011
How To Avoid Getting Fired From Your Own Company
If you start a company, it will probably happen to you someday. Maybe it will be your VC or a board member. Maybe it will be your co-founder. Sooner or later, they'll try to fire you. I'm an investor in or advisor to dozens of startups, and at least once a quarter, I get the call: "Chris, they're trying to fire me." (The other urgent call I get is when they're negotiating a financing round, merger, or sale. I much prefer those calls!) Most entrepreneurs are surprised the first time their investors or co-founders try to fire them. They can't imagine being banished from the company that they created. Maybe they were the only employee of the company for years. Maybe they recruited and courted the very person who comes to carry out the execution. The sad fact is, founder firings are the rule, not the exception.