WeWork’s Adam Neumann Joins Exclusive Club: Billionaire Founders Ousted By Their Own Companies

  • 📰 Forbes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

These ultra-wealthy entrepreneurs learned a lesson the hard way: Just because you start a company—and grow 10-figures rich from it—doesn't mean it won't eventually get rid of you

. Parker’s first exiling came at Napster, shortly before the lawsuit brought by the music industry shuttered it in 2001. Then from Plaxo, the online address book startup he helped found, in 2004. One Plaxo cofounder remembers Parker’s: “It was the sort of thing where he doesn’t come to work, but then maybe if he does it’s at 11 p.m., but it’s not to do a bunch of work, it’s because he’s bringing a bunch of girls back to the office because he can show them he’s a startup founder.

And the most infamous, Facebook. In a little more than 12 months, he discovered Facebook, befriended Mark Zuckerberg, helped secure its initial funding, became its first president and then—poof!—resigned from the startup after North Carolina cops found cocaine in a beach house rented under his name. He moved to New York, where he found solace by crashing with Grateful Dead“When someone asks you to take an extended vacation, that’s basically a pre­lude to firing you.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WeWork’s Adam Neumann Joins Exclusive Club: Billionaire Founders Ousted By Their Own CompaniesFrom Steve Jobs to Sean Parker, these ultra-wealthy entrepreneurs learned a lesson the hard way: Just because you start a company—and grow ten-figures rich from it—doesn't mean it won't eventually get rid of you. Are you serious? You're putting that crook next to Steve Jobs Entertaining article and lessons learned!
Source: Forbes - 🏆 394. / 53 Read more »