"Companies with higher founder power tend to outperform companies with lower founder power"
In his article for The Telegraph, Laurence Dodds explores the recent practice of tech companies going public with multi-class share structures. These give the founders an enormous amount of control, but may not actually be a bad thing, says Triton's Rett Wallce. “Companies with higher founder power tend to outperform companies with lower founder power. The idea is that having skin in the game focuses the mind. If founders have the most to lose, but also have the most control, that can be a very effective protection for investors.” Investors, he says, may have consciously calculated voting rights are worth less to them than a good chief executive with no shackles." Full article in The Telegraph - HERE