Doug Leone

speaker

397 appearances 1 recordings 1 series first heard Jun 2025 last heard Jun 2025

Doug Leone’s voice in public audio — every appearance, attributed to the second.

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And usually it's market size, it's cash, it's unit economics on each sale.

Maybe they're horrible and you don't want to go any faster.

And what it's often is, is Mandarin's ability to manage maximum growth because these are young executives, these are young founders.

And so once we get on that being the issue, then how do we surround them with the right people so they can go faster?

And that's what we do as board members.

Yeah.

So I'll start and and Gilly should give the the long answer.

To me, it starts with a founder equity split.

Because I tell them you don't get that right, somebody's gonna leave the company because the other founders are gonna get upset about it.

So have a very honest conversation on what you all bring to the table and get that equity split right.

Because if you all go, uh the kumbaya thing

Third, a third, a third, it's never a third, a third, or third in talent.

It turns out one person usually has, you know, or maybe two people have talent.

We often see two founders 50-50 where it makes sense.

But the moment you have more founders where N is three or above, those equity splits are usually off.

And we ask them to think about that good and hard so we can retain these founders because there's no faster way than a founder to be removed by

by other founders to have a huge equity share and not carrying anywhere that level of load.

So we ask them to be thoughtful at that point among them.

It's not for us to opine.

And then

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