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Generally, what do you think about founders stepping aside to let others act as CEO? I would imagine you're heavily biased towards founders. VCs seem to disagre
by ivankirigin 19y ago
Generally, what do you think about founders stepping aside to let others act as CEO? I would imagine you're heavily biased towards founders. VCs seem to disagree. What do you think about that, and are really good VCs closer to your opinion?
- pg 19y agoFounders usually make the best CEOs unless (a) they're really nuts or (b) they don't want to be CEO anymore. Opinion among later stage investors is definitely moving toward that. The top-ranked VC firms get this (and practically everything else about startups) more than the ones further down the food chain. Incidentally, I wouldn't say I'm biased toward founders. YC is an investor in these startups just like VCs are. If the company does badly because of bad management, we suffer too. My opinions about founder CEOs are based on experience.
- ivankirigin 19y agoBy "bias", I only meant that all things being equal, you would guess a founder would make a better CEO.