I would differentiate between non CEO founders and founders CEOs. Non-founder CEOs are subject to the whims and fancies of the board (institutions).
I am disappointed that Yale with 30 BILLION USD ! in endowments did not have the same impact a hastily put together fund filled mostly with volunteers did.
To weed out the poor capital allocators, you need skin in the game.
Not saying it is perfect, but it probably would be way better than what we saw during the pandemic (and still see).
I am disappointed that Yale with 30 BILLION USD ! in endowments did not have the same impact a hastily put together fund filled mostly with volunteers did. To weed out the poor capital allocators, you need skin in the game. Not saying it is perfect, but it probably would be way better than what we saw during the pandemic (and still see).