In startup companies, founders may lose control to outside investors when they make poor business decisions, as demonstrated when Pied Piper's board secretly arranged for a new CEO to replace Richard Hendricks, forcing him into a subordinate role despite his original role as founder and creator of the company.
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Mechanical Deer Shock & CEO's Confrontation 🚗💥🦌Added:
How could they do this? How could they fire me from my own company?
>> Just Jesus, Richard. Slow down. Slow down.
>> They killed the Bambot.
>> [ __ ] your Bambot. You little Stanford [ __ ] [ __ ] UP MY GRILL.
>> [ __ ] this one's for your mama.
>> Stop. Come on. We got to get to Ruby.
Hey. Oh no. No. No. Hey. Hey. Hey.
>> What the [ __ ] I mean, there is no way I'm letting you push me out of this company. Our new CEO will be brought in to manage day-to-day operations while you assume the role of chief technology officer. Congratulations.
>> Do you want me to be an employee at my own company?
>> You would still be in charge of the engineering and you'd continue investing your shares and keep your board seat.
>> Rava decided to officially fund Pi Piper Series A round at $5 million at a $50 million valuation.
>> I made the company. Okay. I'm the one who came up with the name Pi Piper.
Yeah.
Ron, can I have a word, please?
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