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I've been in a similar situation working for a startup in Asia. CEO was great at fundraising (although it relied on very "creative" marketing), but literally n
by c_o_n_v_e_x 2y ago
I've been in a similar situation working for a startup in Asia. CEO was great at fundraising (although it relied on very "creative" marketing), but literally nothing else. Unfortunately, the board was weak so nothing was ever done.
Allowing people to save face is important, both for CEO and investors (VC funds have LPs to answer to). Also, seeing a company in a news-making hostile turnover / CEO blowup may be a big turn off for existing and prospective customers.
Where's the board been and what's their take on the situation? How much equity does the CEO own?