Founder doesn’t mean forever.
Adam Malofsky learned that lesson in March when the board at his five-year-old startup, Sirrus, eliminated his management position as part of a broader restructuring initiative aimed at turning the company into a billion-dollar player in the global specialty chemicals industry.
"I only wish them the best," said Malofsky. "I will help them in any way that I can."
Formerly known as Bioformix Inc., Sirrus makes chemical compounds that could improve the performance of adhesives, sealants, ink and industrial coatings. Malofsky and his father developed the technology and spent five years raising capital to build a company around the idea.
WCPO Insiders can learn why the company eliminated Malofsky's position and why he doesn't appear too upset about the move.