Square scandal highlights growing pains at tech start-ups

An employee works at the headquarters of Box.net, an online file sharing and Cloud content management service for enterprise companies, in Menlo ParkSAN FRANCISCO (Reuters) – When Square Chief Operating Officer Keith Rabois left his job last month, citing legal threats from a young colleague with whom he had a two-year relationship, he threw a spotlight on the risks associated with the freewheeling startup culture that many entrepreneurs cherish. Startups often thrive on a lack of rules and boundaries. But experts say that as they make the transition from a handful of people in a room to sizeable businesses, the hazards of operating without manual – including lawsuits, reputational hits, and waning employee morale – grow exponentially. …

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