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Four signs a founder-led company isn’t worth the hype

Investors love charismatic disruptors, but backing the wrong one can be harmful to your wealth.

Lawrence LamAuthor, professional investor and founder
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Every investor loves a founder story – the visionary, the builder, the disruptor.

But assuming all founders succeed is dangerous. Too often, investors confuse charisma for capability, vision for discipline and conviction for wisdom.

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Lawrence Lam is the author of The Founder Effect and managing director of Lumenary Investment Management.
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    Original URL: https://www.afr.com/wealth/personal-finance/four-signs-a-found-led-company-isn-t-worth-the-hype-20250502-p5lw1y