4 ms·
Pretty much. I have seen so many startups over the past few years, with A rounds up to $25 even $50 million where the CEO has zero business experience, they ar
by jossclimb 4y ago
Pretty much.
I have seen so many startups over the past few years, with A rounds up to $25 even $50 million where the CEO has zero business experience, they are literally learning by the seat of their pants.. They have gone from some experience as a tech lead for a small team, to the next day to running a large company. Obviously, there will be the odd outlier Zuckerberg type, but many of them are going to be totally out of their depth when the burn rate and path to profit (or even revenue in some cases) start to close in.
2024 will be a bloodbath in the startup world.
- jasmer 4y agoZuck had no idea what he was doing, and a lot of these guys don't learn some basic things until much later on, or never do. When you have that kind of growth and that kind of money, frankly it's different anyhow - riding an explosionn is different than running a company, which is almost always 'operating'. CEO's are captains of ships with moving parts, experts, probably already a navigator, engineer, maps, standard port-to-port model etc.. In a way CEO's of established companies are 'overseers'. CEO's of compaanies blowing up is something different, it's not an optimization process it's usually a top-line process, and then maybe crude bottom line net-profit process while keeping enough wood in the fire.
- disgruntledphd2 4y agoTo be fair, Zuckerberg hired lots and lots of experienced people early on, and listened to them. Honestly though, if he hadn't hired Sheryl Sandberg then Facebook would probably have failed as a business.