When founders go too far: some start-up CEOs have too much power. Here's what to do about it

The article examines the shift in power between startup founders and venture capitalists. Venture capitalists would routinely replace founders once startups scaled; however, the decline of initial public offerings and a reduced emphasis on management credentialsAaAeAeA have lessened oversigh and venture capitalists respect founders' propensity for maintaining innovative and flexible cultures. This has led to founders having a disproportionate amount of power. To solve this issue, founders should be paired with seasoned chief operating officers, directors who have public-company experience should be recruited, and venture capitalists should limit investments in firms in which the founders possess voting control of the firm's stock.