92 per cent of VCs expect to axe founders

February 2, 2008

Fewer than one in 10 company founders can expect to remain in charge of their business after venture capital investment, according to a poll by the European Leadership Programme, the executive support body.

In a survey of 52 venture capitalist firms, 92 per cent said they expected to replace a company founder with a new chief executive, and 70 per cent predicted that they would get through at least two different company heads before either selling or listing the business.

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