Tech

Booking.com founder Jeff Hoffman on why founders need to ‘get out of the way’

The serial entrepreneur said a key issue facing scaling companies is packaging themselves in a way that appeals to investors

“Letting go is hard for the person who has founded a business but it is only hone they surround themselves with people smarter than they are and get out of the way that the companies will start to grow to their full potential.” Picture: Getty

Business founders often get in the way of their company achieving success because they won’t accept that it is the right time for other people to take control, a leading entrepreneur has said.

“I often have to break it to people that the only reason they are CEOs is because the business was their idea, not because they are the best person to run it,” Jeff Hoffman, one of the people behind online travel agent ...