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I would add that in addition to being competent, this leader should be a person who values the work of his team and motivates them to continue and grow within the company or project.

An incompetence leader cannot lead his followers well. This is because,he lacks ideas on how to push a project well,people management skill maybe lacking aswell. Thisis why a founder should work on his self development inorder to standout

For a founder to be successful, he needs to be dedicated as well and competent, the follower must lead with good example in other to value the project.