Founders Acting Cult Leaders Is Bad For Startups

Worshiping Visionary Leaders Hurts Innovation People are so hungry for a singular genius who “think different,” that once someone is broadly accepted as a visionary, people will give them credit for ideas they didn’t have. A pile of innovator points awarded by nothing but perception gives them the advantage of support for any idea, no matter how stupid. Again if everyone saw the world like them, they wouldn’t be a visionary. But this chokes innovation. How Gawker Media Once Kept Silicon Valley In Check Twitter is no startup; it is a 16-year-old company that IPOed over nine years ago and was taken private again via the seventh-largest acquisition of all time. Elon Musk’s behavior, however, is peak startup-bro. Only months into his tenure as Twitter’s owner, he stopped paying office rent and is considering not paying severance packages to former employees.  Stop Letting Fame Trump Talent In Publishing And Entrepreneurship A charismatic figure can add a few trillion in economic value to a business. Steve Wozniak creating a microcomputer capable of being the Apple I appears predestined. Without Jobs, Wozniak probably would have been Linus Torvalds, a titan of computing who built a technology many rely on but few can name. How Forbes Monetizes The Frauds They Create Forbes is the best in the business at monetizing frauds on the way up and later on the way down. Javice was the CEO of a startup called Frank that JPMorgan Chase acquired in large part because of the over 4 million users the company boasted. The best coverage…Founders Acting Cult Leaders Is Bad For Startups