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Inside Founders (Feb 15th, 2019)

1. Lyft founders John Zimmer and Logan Green reportedly would retain control of their company after it goes public this year by creating super-voting shares for themselves. The super-voting structure was utilized by companies such as Facebook, Google's parent company Alphabet Inc. and Snap Inc. Increasing consternation about founders' unchecked power is fueling the debate about the dual share structure for tech companies. Proponents believe it allows for long-term innovation; critics say it inoculates founders from accountability. Some argue a so-called Long Term Stock Exchange could split the difference, but that idea is long in the offing. — WALL STREET JOURNAL

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2. Startups in the construction sector are on the rise. Many new companies are taking advantage of opportunities to use new technologies, such as 3D printing, to push forward an industry that has historically lagged in technological innovation. Investment in such companies also has increased—to almost $3.1 billion last year, a more than 320 percent increase from the prior year. Construction tech startup IngeniousIO founder Nick Carter says that despite the growth, the startup ecosystem for construction is still developing. He notes that while many investors are eager to engage, they often lack knowledge about the industry. — CRUNCHBASE

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3. Networking software startup DriveNets announced this week it has raised $110 million in funding. The Israeli-based company was co-founded by Ido Susan, who sold his previous company, Intucell, to Cisco for $475 million in 2013. DriveNets has been in stealth mode since its founding in 2015. Co-founder Hillel Kobrinsky previously founded Interwise, which AT&T purchased for $121 million in 2007. DriveNets' technology will position it to compete with companies like Cisco in the telcom space. Susan says his infrastructure will provide customers with more affordable options. — FORBES

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4. Founding a tech company does not provide job security. Nonetheless, many ousted founders go on to found other successful ventures. High-profile examples include Steve Jobs' ouster from Apple in 1985, along with Twitter founder Jack Dorsey, who was fired as CEO in 2006. A round-up of fired founders also includes Parker Conrad, who founded and then resigned amid scandal from cloud-based software company Zenefits in 2013 before founding human-resources company Rippling in 2017. Palmer Lucky, founder of Oculus VR, left both that company and Facebook, which owns it, in 2017 and went on to found Anduril, an AI-defense company. —BUSINESS INSIDER

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Welcome to Flashback Friday, when we take a look at the recent and distant past in the world of Founders. If you have ideas or tips for this weekly feature, please send them in to founders@inside.com.

Five years ago this week, eBay founder Pierre Omidyar launched "The Intercept," the first publication from Omidyar's new media group, First Look Media. That story on the National Security Agency's drone program was sourced in part by whistleblower Edward Snowden. This week, Inside Philanthropy profiled the Omidyar Network, a group of philanthropic entities created by Omidyar and his wife Pam. The Omidyars created the foundation after eBay went public in 1998; their networth is estimated at $11.7 billion. —TECHCRUNCH

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5. Founders need feedback on their startups, but need to seek meaningful validation and avoid that which that merely stokes their vanity. —TECHCRUNCH

6. Venture capitalist Peter Thiel's Founders Fund has expanded beyond tech companies this week, leading a $4 million investment in women's fashion company Argent. — FAST COMPANY

7. David Rubenstein, William Conway and Daniel D'Aniello, founders of equity firm The Carlyle Group, received $183 million in compensation and dividends in 2018. — BLOOMBERG

8. ADHD is a common diagnosis for startup founders, according to public health expert Marcel Meunster, founder of The Gritti Fund. — ENTREPRENEUR

9. Fortune Magazine rounds up 17 founders of venture capitalist firms to share what makes for a great business partnership. —FORTUNE

10. Founders of direct-to-consumer products for millennial men's health and wellness discuss their strategy and growing success. — MEN'SHEALTH

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Julia Goldberg is a journalist and author living in Santa Fe, New Mexico. She writes regularly about the intersection of technology and culture, and is the executive director of MIX Santa Fe, a networking organization for entrepreneurs. She writes the Inside Founders newsletter and can be found on Twitter @votergirl.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies) and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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