When should you fire the founder?

Journal of Commercial Biotechnology
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When should you fire the founder?

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ABSTRACT: This paper examines the effect of founder team removal on the success of a set of 77 UK venture-backed biotechnology companies. Five measurements of success of these (predominantly private) companies are used: achieving liquidity for its shareholders, attracting further investment and further investors, company size, and how many products it managed to take into clinical trials…

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