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Charm Model
Opportunity Resources
Team
Founder
Ambiguity Exogenous forcesFits and Gaps
Business Plan
Uncertainty Capital m...
Growth Rate
5/13/2014 2014lescharm 2
GROWTH RATES
*
5/13/2014 2014lescharm 3
Leadership Responsibilities
At Each Stage
Strategic Innovator
Change Catalyst
Organization Builder
Chief of Culture
Team B...
Leader's Ability to Delegate
Changes As You Grow
Leader’s Ability to Do
Cash
Business Resource
Matching of
Business
and Pe...
5/13/2014 2014lescharm 6
SUCCESS RATES OF FOUNDERS
Company
Age
3 Years 4 Years IPO
% still CEO 50% 40% 25%
2014lescharm5/13/2014 7
The Rich-vs-King Tradeoff
$10
$9
$8
$7
$6
$5
$4
$3
$2
Gave up both
CEO and
Board Control
Kept CEO
Position Only
Kept Board...
The Trade-Off Entrepreneurs Make
Well Below Potential Close to Potential
CompleteLittle
Failure Rich
King Exception
Financ...
Going back 15 years, stocks in
founder/CEO companies have
surged an average
970% vs. a 222% gain for the S&P
500.
2014lesc...
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Slides with timmons model

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Slides with timmons model

  1. 1. Charm Model Opportunity Resources Team Founder Ambiguity Exogenous forcesFits and Gaps Business Plan Uncertainty Capital market context Creativity Leadership Communication Time Growth 5/13/2014 2014lescharm 1
  2. 2. Growth Rate 5/13/2014 2014lescharm 2
  3. 3. GROWTH RATES * 5/13/2014 2014lescharm 3
  4. 4. Leadership Responsibilities At Each Stage Strategic Innovator Change Catalyst Organization Builder Chief of Culture Team Builder Coach Planner Communicator START UP INITIAL GROWTH RAPID GROWTH CONTINUOUS GROWTH Doer/Decision Maker Delegator Direction Setter 5/13/2014 2014lescharm 4
  5. 5. Leader's Ability to Delegate Changes As You Grow Leader’s Ability to Do Cash Business Resource Matching of Business and Personal Goals People- Quality and Diversity Strategic Planning Systems and Controls Critical to the Company Important but Managed Modestly Irrelevant or a Natural By-product VALU TIME5/13/2014 2014lescharm 5
  6. 6. 5/13/2014 2014lescharm 6
  7. 7. SUCCESS RATES OF FOUNDERS Company Age 3 Years 4 Years IPO % still CEO 50% 40% 25% 2014lescharm5/13/2014 7
  8. 8. The Rich-vs-King Tradeoff $10 $9 $8 $7 $6 $5 $4 $3 $2 Gave up both CEO and Board Control Kept CEO Position Only Kept Board Control Only Kept CEO and Board Control Shareofcompanyvaluation$M) Older company (n=219) Younger company (n=230) Noam Wasserman Academy 2006 Best Paper Proceedings 2014lescharm5/13/2014 8
  9. 9. The Trade-Off Entrepreneurs Make Well Below Potential Close to Potential CompleteLittle Failure Rich King Exception Financial Gains ControlOverCompany Noam Wasserman The Founder’s Dilemma 2014lescharm5/13/2014 9
  10. 10. Going back 15 years, stocks in founder/CEO companies have surged an average 970% vs. a 222% gain for the S&P 500. 2014lescharm5/13/2014 10

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