Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics.

Presented by Bridge Bank. Be bold. Venture wisely. I'm Dan Premack. On today's show, the right to be forgotten and the only transcript that matters.

But first, the fraying cult of the founder.

So in Silicon Valley, the founder is king, Zuckerberg, Musk, Larry and Sergei, and it's evolved

into a hero worship, whereby even when founders do wrong, it's only viewed as a preamble to them

doing what's right. We venerate the founder because the founder built something from nothing, and no outsider could ever recreate that sort of magic. Remember, Apple faltered when Steve Jobs was fired and only regained its luster once he was reinstated. The result, from a practical perspective, has been so-called super control for lots of founders, whereby corporate governance structures often make it

impossible for founders to be fired, save for outright fraud, and they give founders unilateral

ability to sign off on acquisitions or major strategy shifts.

Boards of directors are there to advise, not to consent.

But lately, it seems that the founder cult is losing some adherence.

The most obvious example was last year at Uber when Travis Kalanick was ousted. And yesterday we saw

we work dump Adam Newman following a disastrous IPO process in which the company's paper

valuation plunged and venture capitalists turned on the man in whom they just entrusted

their billions of dollars.

The bottom line, startup culture might be undergoing a fundamental shift after 20 years of founder control.

In 15 seconds, we will go deeper with Axios chief technology correspondent Inafreed.

But first, this.

Bridgebank believes in the risk takers, the game changers, the disrupters, those committed

to leveraging innovation to make the world a better place.

That's why Bridge Bank has been dedicated to providing financial solutions to sponsor-backed

emerging technology and growth companies for nearly two decades through its national network

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