Blog at http://manojranaweera.blogspot.com
Excellent topic. Worth testing myself against the criteria. As far as I am concern, I am the founder and would like to remain as CEO until my vision is realised. We need VC funding to grow and in the process of hiring a VC as mentor for four months period. At the end, we should be "investment ready". Part of the process is to build the management team; and strengthen the proposition and business structure.
It's funny but I know of more CEO's that fail for lack of start-up experience than founders who fail for lack of business experience. VC's are always ready to bring in the pro, usually someone who is already wealthy which carries great weight with them.
My rule: NEVER consider anyone from the telecom, cell phone, or call center business as your CEO unless you are in that business. And oh yes, forget folks from government agencies. Better to mentor a young founder than have to mentor an old guy.
Good article. I have the same issue. We have gone through 2 rounds of funding the company has started breaking even. The startegy and vision of the company is very clear. Now that we are going for a 3rd round I feel I should step down and bring in a CEO while I take the position of a CTO as we are a mobile technology based company. What other choices do I have being a founder and a major share holder?
It is an interesting article but my concern is for the vision of founder ,wouldn't his/her vision be lost in putting someone in such a position that does have a clue or understands the true reason for the organization being establish. ( Feedback on this)
Secondly, I think most persons (if I should say) would like to spearhead their dream and vision for the organization they have founded, a least for awhile. So what should happen in those cases is, for professionals to be brought in to help or assist in the development of that/those persons leadership skills. ( Feedback on this)
:) Founders make good CEO's when they have a good middle management. so picking the 2nd level management is the key.
Can all founders be CEO? please reply...if there are 4 founders , can all of them start as CEOs?