Being a founder doesn't prevent you from potentially getting fired.
Guys like Apple's Steve Jobs and Twitter's Jack Dorsey are some of the high-profile founders that once got pushed out by the board, one way or another.
How does it happen?
This Quora thread offers a few good answers to why people often get fired by the companies they founded. We narrowed the responses down to 9 of the most compelling reasons.
Here they are:
They stopped being useful to the company.
"Founding a company doesn't entitle you to lifetime tenure. Like every employee, you have to earn and re-earn your standing – and companies are pretty unsentimental about that stuff. If you stop being useful, you get quickly shuttled to the side." — Tim Westergren, Founder/CEO of Pandora
They got too greedy.
"If you push the investors too hard in particular in valuation, out of their comfort zone … sometimes they will still do the deal. If you do a deal like this, you may get a great deal. But you will be resented.
And that means, you better hit your numbers. Every month and every quarter … take one misstep, miss one quarter, and he or she will take you down if they have someone else 'better' to put in." — Jason Lemkin, VC and founder of Echosign
They were not the right fit.
"Generally it is because the founder no longer fits the organization. This happens for several reasons that are often variations of the founder is good at starting companies (discovering markets and solutions) but not good as stabilizing (making routine) or scaling (adjusting to shifting markets). Sometimes founders need to make the difficult decision to hire their boss, sometimes they choose to leave, often they are fired." — Joe Albano, Over 30 years experience advising business leaders around the world.