The Silicon Valley Directors’ Exchange, in partnership with Stanford’s Rock Center for Corporate Governance, presents Moving Day: Taking Out the Founder.
A passionate, visionary founder has the start-up organized and funded and captured first customers, but does not have the experience (or skill set) to scale the company to a liquidity event. The need to move the founder from CEO to an executive technical position or “just” a member of the board and an investor is more the rule than the exception in Silicon Valley. Unfortunately, this transition is often badly handled, turning the founder from a major asset to a bruised critic at best, and a passive aggressive saboteur of the CEO at worst. This program will focus on the planning and execution that can make this transition a positive one for all stakeholders.
Robert Varian, a partner in Orrick’s Securities Litigation and Regulatory Enforcement practice group, will be a speaker on the panel.