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Mark Di Stefano

Barrenjoey’s bankers are all about founder mode

Founder worship is rarely seen in investment banking. Except at Australia’s favourite finance start-up.

Mark Di StefanoColumnist

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Earlier this year, Airbnb CEO and founder Brian Chesky riffed on a concept called “founder mode” (it was coined by Y Combinator founder Paul Graham) which was a rallying cry for the tech and VC complex.

It’s a grab bag of things but boils down to driven founders being the best people to run their companies because they’re so across the detail of its operations. And it’s directly at odds with the professional-manager class, who are often parachuted into executive roles before companies go public.

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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com

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    Original URL: https://www.afr.com/rear-window/barrenjoey-s-bankers-are-all-about-founder-mode-20241202-p5kv3y