👉 Background: WiseTech is an ASX-listed logistics software company that was privately owned for 22 years before going public in 2016. Essentially, WiseTech sells software for global supply chain and logistics companies... or as they like say, "our technology advances human potential."

👉 What happened: While WiseTech's share price had jumped more than 20x since IPO, it took a turn yesterday with a 20% drop. While its revenue jumped 29% and its profit jumped 9%, some investors were feeling a bit sea-sick.

👉 What else: WiseTech acquired two companies last year for a combined $644 million USD - and they aren't performing quite up to scratch. However, its founder and still-CEO kinda walks to the beat of his own drum.

What's the key learning?

💡When a founder is still the CEO of a publicly-listed company, they often play to a different set of rules. They can generally get away with making more "radical" decisions than your run-of-the-mill CEO who's worked their way up the corporate ladder.

💡And generally investors back them in. In fact, a Harvard Business Reviews shows that founder-led businesses are 4-5 times more likely to be top quartile performers. Take Seek as an example, or Flight Centre, or even Meta in the US.

💡So despite the 20% drop, the WiseTech founder seems to be less concerned with his share price, and more concerned with growing the business.

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