Canadian founders outperform, but are often replaced: Impact Centre
A new study by the University of Toronto's Impact Centre has found that founder CEOs outperform professional CEOs in both unicorns (private companies valued over $1 billion) and venture-backed Canadian companies. However, in Canada, founders are 2.5 times more likely to be replaced with a professional CEO. The study concludes that Canadian founders have the right experience to build high-growth technology companies and that a failure to adequately scale may be due partly to the tendency to replace them.
17 March 2016•2 mins read
