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by jyu
2056 days ago
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Why is the CEO failing? The answer is written from the perspective of the VC. Maybe it's a bad founder-CEO. Could there be another side to this story? Let's try and approach this from the CEO's perspective with an open mind. CEO has failed to manage numerous important challenges... Why is the VC is fixated on X/Y/Z when I'm trying to corner a bigger piece of an expanding pie? The VC believed in my vision when they invested and are now micromanaging me as soon as I hit a couple speed bumps. Senior leadership team has been a revolving door...Senior leadership is typically installed by the board majority holding VC. What happened to all the sweat equity built when this startup concept and industry was very uncertain and the company went from default: "dead" to default: "alive". All these MBA grads want is to slow down growth and clutter up the site with a ton of garbage ads. CEO has messed up important relationships with customers, employees, and other important stakeholders, when the organization has become toxic as a result of the CEO’s abrasive personality. Could you imagine dealing with egotistical (but correct) 20-something Steve Jobs or Mark Zuckerburg making you gorge down humble pie as a white haired well credentialed VC? Would FAANGM be recognizable today if the founders got booted early and replaced with a highly credentialed buddy of the VC? |
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