(Ping! Zine Web Tech Magazine) – HostingCon 2012’s first keynote kicked off on Monday with a speech specifically addressing tech founders and those with aspirations to soon take on the role.
In a speech titled “The Founder’s Dilemmas – Tacking the Key Decisions Faced by Entrepreneurs,” Harvard Business School Professor Noam Wasserman emphasized how avoiding people problems was key to getting things up and running smoothly.
The Harvard professor cited research indicating that 2/3rds of startups experienced failures due to people problem issues. Wasserman’s discussion expanded on a book he released in March.
“When founders are first heading into it, they often don’t understand, don’t realize when they are making an early, momentous decision that is going to lead to things down the road that they are not being able to anticipate right now,” commented Wasserman when discussing his book earlier this year via Amazon.com.
Wasserman’s speech at HostingCon specifically addressed key employment decisions in the startup process. Integrating new players in a company’s plans is often critical. The Harvard professor discussed the issue of bringing in co-founders, partners and investors.
Throughout his career, Wasserman has collected a notable amount of data. At the top of the line, the turnover ratio appears to be rather high. The Harvard professor’s data showed that 52% of CEOs were replaced. A majority of those were fired. The data also signaled that most companies brought in co-founders (84%) while fewer (16%) went with one founder.
Today, 451 Research’s Eric Hanselman was expected to continue the conference’s keynote series by discussing hosting and the cloud market. HostingCon 2012 will conclude in Boston tomorrow.