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  • September 2008 (Revised December 2011)
  • Case
  • HBS Case Collection

Frank Addante, Serial Entrepreneur

By: Noam T. Wasserman and Antony Uy
  • Format:Print
  • | Pages:13
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Abstract

Frank Addante is a 28-year-old serial entrepreneur who is in the process of building his fifth venture. Of his first four ventures, two were sold, one went public, and in the last he decided to close the venture and return unused capital to his investors. With the passing of each venture, he has learned about forming founding teams, splitting equity with his co-founders, hiring executives to work for him, and when to take outside funding. Now, he's facing pressure from investors who aren't happy with how he is building his current team and are questioning whether he should remain CEO.

Keywords

Business Startups; Entrepreneurship; Venture Capital; Equity; Selection and Staffing; Groups and Teams

Citation

Wasserman, Noam T., and Antony Uy. "Frank Addante, Serial Entrepreneur." Harvard Business School Case 809-046, September 2008. (Revised December 2011.)
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More from the Authors
  • The First Deal: The Division of Founder Equity in New Ventures By: Thomas F. Hellmann and Noam Wasserman
  • The Throne vs. the Kingdom: Founder Control and Value Creation in Startups By: Noam Wasserman
  • Sales Razor Technologies By: Paul Gompers and Noam Wasserman
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