# kaal:claim:3227967-017

**Claim.** Many new innovation driven firms that replaced hierarchy with a best-idea-wins culture have struggled to maintain that governance model and to fulfill their initial promise.

**Type.** failure  **Support.** asserted

**Holds when.**

- fast growth technology companies with few assets and employees

**Source quote.**

> Significantly, however, many such "new" firms have often struggled to maintain this new governance model and fulfill their initial promise.

**From.** Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, *Legal Education in a Digital Age Why 'Coding for Lawyers' Matters* (2018), V. Lawyer of the Future, page 21

**Cite as.** Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Legal Education in a Digital Age Why 'Coding for Lawyers' Matters (2018). SSRN: https://ssrn.com/abstract=3227967

**Verify.** sha256 of source PDF `f6e13b956f864ab32ec3305d095a35a127770327d75b3688f785cefc437d369f` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Fenwick%20et%20al.%20-%202018%20-%20Legal%20Education%20in%20a%20Digital%20Age%20Why%20%27Coding%20for%20Lawyers%27%20Matters.pdf

**Failure mode.** Governance model decay in new firms  (family: recentralization-drift)

**Topics.** governance-design, corporate-governance, institutional-design, innovation

**Keywords.** corporate-governance, technology-firms, organizational-design, innovation

**Related claims.**

- supports: https://wulfkaal.github.io/claims/2922176-021

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.