Operators said

Leadership & culture

Ganesan rejects writing a company to zero when its founder leaves, arguing that founder mode is a way of operating, not a person. Listen

Responding to Jason Lemkin's rule of writing such companies to zero, Ganesan said the question is who replaced the founder. He cited Nikesh Arora, Jeetu Patel at Cisco and Frank Slootman as hired executives who operated like founders.

“Founder mode is a mode of... It's not tied to anyone personally. I think anyone can be a founder in terms of working in a founder mode.”

From 20VC: Is Seed Investing Dead Without a $1BN Fund? | Does Ownership and Price Matter When Companies Can Be $1TRN Exits | Are AI Revenue Numbers Real and What to Watch Out For with Venky Ganesan, Menlo Ventures.