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But still there is a need by some VC to optimize this. In Ben Horowitz blog he says: "When my partner Marc wrote his post describing our firm, the most contro
by chegra 16y ago
But still there is a need by some VC to optimize this.
In Ben Horowitz blog he says:
"When my partner Marc wrote his post describing our firm, the most controversial component of our investment strategy was our preference for founding CEOs. The conventional wisdom says a startup CEO should make way for a professional CEO once the company has achieved product-market fit. In this post, I describe why we prefer to fund companies whose founder will run the company as its CEO."
http://bhorowitz.com/2010/04/28/why-we-prefer-founding-ceos/ http://bhorowitz.com/2010/04/28/why-we-prefer-founding-ceos/
Dated: 04/28/10
To you and me this is clear cut but for some VC the wisdom would say to get a Professional. The first thing that came to my mind when I read it was why change a good thing?
I didn't have any data for backing keeping the founding CEO but without data I think the maxim serves as a good heuristic.