<![CDATA[Brad Feld has a great post, No More MBOs, where he puts into question the usefulness of MBO-based bonuses in startups. It’s a good read, including the discussion. I agree with Brad that linking bonuses to MBOs can be messy, so let’s abolish that. But, let’s not throw the baby with the bath water. Let’s not give away MBO all together. Let me start with a historical perspective on MBOs and its usefulness.