Give them free rein — within a framework. Or, as Khosla terms it, give them a blank check. Then let them run things their way. “The leadership insight is to find the right people, give them the right ...

Even though the use of online banking and electronic payments ... more than half of small businesses are still printing paper checks – a fact that I witness myself at clients.

WSJ explains why some critics say investing in these so-called blank-check companies isn’t worth the risk. Illustration: Zoë Soriano/WSJ Markets and economics are complex. It's easy to be ...