[cpcallen]

I have various ill-informed hypotheses, mostly connected to the cult of shareholder value and the decades of short-termism that have resulted. As the author notes: MBAs are not inclined to take big creative risks—but, equally, are would-be Roys not inevitaby likely to be put off the whole enterprise, when whatever they might build must thread an ever-narrower path between failure followed by bankruptcy on the one hand and succeeding sufficiently to become a meal for some huge soulless multnational conglomerate (or evolving in to one) on the other?

Unless one is able to build something without needing to take outside capital, it seems inevitable that anyone willing to take true creative riskes will eventually be pushed out–and by corollary any true successes are unlikely to survive the succession of their original founders unscathed.