My friend Noam Wasserman at Harvard Business School has spent years researching startups. His work is great, because he actually does real, quantitative research on the kinds of things that everybody has opinions about. Should you raise more money or maintain more control? Should you have a cofounder? Should your friends and relatives be cofounders? When and if should a founder be replaced by a “professional” manager? There are certainly a lot of blog posts about this stuff but not a lot of data… until now. Wasserman has finally put it all together in a great book called The Founder’s Dilemmas, which I highly recommend if you’re starting a company.
(By the way, Wasserman will also be speaking at the Business of Software conference this fall in Boston.)