This assumes that the CEO is effectively incompetent. Startup CEO is an exhausting task, but it's not never ending that's why you recruit and hire. Top level (

This assumes that the CEO is effectively incompetent. Startup CEO is an exhausting task, but it's not never ending that's why you recruit and hire. Top level (C suite, VP etc..) recruiting is one of the primary jobs of a CEO and being able to do that effectively is a core task. I think this really underscores the fact that VC's don't fundamentally care about the leadership abilities of their companies. They are investing in a growth curve around a product or series of products primarily, not strong leaders.