I immediately got it, but I know who Larry Flynt was. The technical writer in me approves of your observation, though! "Hustler founder" would be a rather odd phrase to use to describe a founder who hustles -- you'd be more likely to say "hustler and founder" or "hustler-founder" or "hustling founder" -- but when there's any possibility for confusion, it's best to be (ahem) explicit.
I immediately got it, but I know who Larry Flynt was. The technical writer in me approves of your observation, though! "Hustler founder" would be a rather odd phrase to use to describe a founder who hustles -- you'd be more likely to say "hustler and founder" or "hustler-founder" or "hustling founder" -- but when there's any possibility for confusion, it's best to be (ahem) explicit.