He has incurred substantial debt and his marriage is on shaky ground. If Owen Chase can't find a way to turn his company around in the next nine days, he'll be forced to shut it down and lay off all of his employees. He highlights the need at each step to strike a careful balance between controlling the startup and attracting the best resources to grow it, and demonstrates why the easy short-term choice is often the most perilous in the long term. Wasserman explains how to anticipate, avoid, or recover from disastrous mistakes that can splinter a founding team, strip founders of control, and leave founders without a financial payoff for their hard work and innovative ideas. He looks at whether it is a good idea to cofound with friends or relatives, how and when to split the equity within the founding team, and how to recognize when a successful founder-CEO should exit or be fired. The Founder's Dilemmas is the first book to examine the early decisions by entrepreneurs that can make or break a startup and its team.ĭrawing on a decade of research, Noam Wasserman reveals the common pitfalls founders face and how to avoid them. Bad decisions at the inception of a promising venture lay the foundations for its eventual ruin. Friendships and relationships can suffer. Often downplayed in the excitement of starting up a new business venture is one of the most important decisions entrepreneurs will face: should they go it alone, or bring in cofounders, hires, and investors to help build the business? More than just financial rewards are at stake. Ford’s cozy illustrations will have families-and extended families or friends-eager to take a wise Grandpop’s cue and embrace a new nighttime tradition. By the time the house is settled in for the night, Isaac and Grandpop are ready for bed, too. Now it’s time to read the house a bedtime story (Isaac is good at reading the pictures). Quietly and slowly, they move from room to room, turning out lights and pulling down shades, as Grandpop gently explains the nighttime sounds that Isaac finds unfamiliar. Luckily, his knowing Grandpop tells him it’s not quite time to go to bed yet-first, he needs Isaac’s help in putting the house to bed. Isaac is excited about having a sleepover at Grandpop’s house, but he’s a little nervous about being away from home for the first time. It is this realization-that there will always be children who need moments of bravery, who need rosy cheeks, who need to build snowmen, and who are then eager for a spring day-that makes Jack realize why he is a forever boy, and worthy of becoming a Guardian of Childhood.Īt Isaac’s first sleepover, he gets to help Grandpop with a very special routine-putting the house to bed-in a story that’s just right for children visiting a new place, or for adopting a new ritual at home. Through helping them, Jack finds the warmth he’s been yearning for, and realizes bringing joy to others can melt his own chill. To keep the cold in his heart from taking over, he spreads it to the landscapes around him and earns a new name: Jack Overland Frost.īut a true friend always comes through, and on one particularly bleak night, Mim shines down and shows Jack a group of children in great peril. And while Nightlight has fun sailing icy winds and surfing clouds, he is also lonely without his friend Mim. But when Pitch destroys Mim’s world, he nearly destroys Nightlight too, sending him plunging to Earth where, like Peter Pan, he is destined to remain forever a boy, frozen in time. Before Jack Frost was Jack Frost, he was Nightlight, the most trusted and valiant companion of Mim, the Man in the Moon.
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