Topic

founder

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Overview

An organizational founder is a person who has undertaken some or all of the formational work needed to create a new organization, whether it is a business, a charitable organization, a governing body, a school, a group of entertainers, or any other type of organization. If there are multiple founders, each can be referred to as a co-founder. If the organization is a business, the founder is usually an entrepreneur. If an organization is created to carry out charitable work, the founder is generally considered a philanthropist. Issues arising from the role A number of specific issues have been identified in connection with the role of the founder. The founder of an organization might be so closely identified with that organization, or so heavily involved in its operations, that the organization can struggle to exist without the founder's presence. "One practical way to cope with overreliance on a founder is to distribute management duties so that others are clearly responsible for important operations. If the founder is on the nonprofit's board, part of the solution is to make sure that the board is diverse, balanced, and regularly infused with new blood". Legal status The language of securities regulation in the United States considers co-founders to be "promoters" under Regulation D. The U.S. Securities and Exchange Commission's definition of "Promoter" includes: (i) Any person who, acting alone or in conjunction with one or more other persons, directly or indirectly takes initiative in founding and organizing the business or enterprise of an issuer; however, not every promoter is a co-founder. In fact, there is no formal, legal definition of what makes someone a co-founder. The right to call oneself a co-founder can be established through an agreement with one's fellow co-founders or with permission of the board of directors, investors, or shareholders of a startup company. When there is no definitive agreement, like a shareholders' agreement, disputes about who the co-founders are, can arise. Founder emeritus Some organizations maintain a connection with their founder by establishing a position of founder emeritus, either as an entirely symbolic post, or as a position with some power, such as a permanent position on the board of directors.

From Wikipedia (CC BY-SA 4.0).

Notable quotes

“Management of many is the same as management of few. It is a matter of organization.”
— Sun Tzu (c. 6th century BC) The Art of War
“Organization is the arrangement of personnel for facilitating the accomplishment of some agreed purpose through the allocation of functions and responsibilities.”
— John M. Gaus, "A theory of organization in public administration." The Frontiers of Public Administration (1936): 66.; Cited in Philip Selznick (1948, 25)
“Classical organization theory suffers from "ethnocentrism": It ignores the significance of the political, social, and economic milieu in shaping organizations and influencing managerial practice.”
— Douglas McGregor (1960), The Human Side of Enterprise; p. 16. Annotated Edition, 2006, p. 23.
“All organisations have to make provision for continuing activities directed towards the achievement of given aims. Regularities in activities such as task allocation, supervision, and co-ordination are developed. Such regularities constitute the organisation’s structure, and the fact that these activities can be arranged in various ways means that organisations can have differing structures.”
— Pugh, D. and Hickson, D. (1973). The comparative study of organizations. In Salaman, G. and Thompson, K., editors, People and Organizations, Longmans, London. pp 50–66. Cited in: Andreas Schaad. (2003) A Framework for Organisational Control Principles. p. 24
“The Internet is the technological basis for the organizational form of the Information Age: the network."”
— Manuel Castells, The Internet Galaxy - Reflections on the Internet, Business, and Society (2001). p. 1; Opening, The Network is the Message.
“A corporation is a group of people, and if you want to come together for profit or nonprofit, that's your business—whatever you want to do.”
— Krist Novoselic, interviewed by Nick Gillespie, "Nirvana's Krist Novoselic on Punk, Politics, & Why He Dumped the Dems", ReasonTV (19 June 2014), 17:10–17:20.

Quotes via Wikiquote (CC BY-SA), each with its original source.

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Overview

An organizational founder is a person who has undertaken some or all of the formational work needed to create a new organization, whether it is a business, a charitable organization, a governing body, a school, a group of entertainers, or any other type of organization. If there are multiple founders, each can be referred to as a co-founder. If the organization is a business, the founder is usually an entrepreneur. If an organization is created to carry out charitable work, the founder is generally considered a philanthropist. Issues arising from the role A number of specific issues have been identified in connection with the role of the founder. The founder of an organization might be so closely identified with that organization, or so heavily involved in its operations, that the organization can struggle to exist without the founder's presence. "One practical way to cope with overreliance on a founder is to distribute management duties so that others are clearly responsible for important operations. If the founder is on the nonprofit's board, part of the solution is to make sure that the board is diverse, balanced, and regularly infused with new blood". Legal status The language of securities regulation in the United States considers co-founders to be "promoters" under Regulation D. The U.S. Securities and Exchange Commission's definition of "Promoter" includes: (i) Any person who, acting alone or in conjunction with one or more other persons, directly or indirectly takes initiative in founding and organizing the business or enterprise of an issuer; however, not every promoter is a co-founder. In fact, there is no formal, legal definition of what makes someone a co-founder. The right to call oneself a co-founder can be established through an agreement with one's fellow co-founders or with permission of the board of directors, investors, or shareholders of a startup company. When there is no definitive agreement, like a shareholders' agreement, disputes about who the co-founders are, can arise. Founder emeritus Some organizations maintain a connection with their founder by establishing a position of founder emeritus, either as an entirely symbolic post, or as a position with some power, such as a permanent position on the board of directors.

From Wikipedia (CC BY-SA 4.0).

Notable quotes

“Management of many is the same as management of few. It is a matter of organization.”
— Sun Tzu (c. 6th century BC) The Art of War
“Organization is the arrangement of personnel for facilitating the accomplishment of some agreed purpose through the allocation of functions and responsibilities.”
— John M. Gaus, "A theory of organization in public administration." The Frontiers of Public Administration (1936): 66.; Cited in Philip Selznick (1948, 25)
“Classical organization theory suffers from "ethnocentrism": It ignores the significance of the political, social, and economic milieu in shaping organizations and influencing managerial practice.”
— Douglas McGregor (1960), The Human Side of Enterprise; p. 16. Annotated Edition, 2006, p. 23.
“All organisations have to make provision for continuing activities directed towards the achievement of given aims. Regularities in activities such as task allocation, supervision, and co-ordination are developed. Such regularities constitute the organisation’s structure, and the fact that these activities can be arranged in various ways means that organisations can have differing structures.”
— Pugh, D. and Hickson, D. (1973). The comparative study of organizations. In Salaman, G. and Thompson, K., editors, People and Organizations, Longmans, London. pp 50–66. Cited in: Andreas Schaad. (2003) A Framework for Organisational Control Principles. p. 24
“The Internet is the technological basis for the organizational form of the Information Age: the network."”
— Manuel Castells, The Internet Galaxy - Reflections on the Internet, Business, and Society (2001). p. 1; Opening, The Network is the Message.
“A corporation is a group of people, and if you want to come together for profit or nonprofit, that's your business—whatever you want to do.”
— Krist Novoselic, interviewed by Nick Gillespie, "Nirvana's Krist Novoselic on Punk, Politics, & Why He Dumped the Dems", ReasonTV (19 June 2014), 17:10–17:20.

Quotes via Wikiquote (CC BY-SA), each with its original source.