Startups How do you “manage” a CEO...?

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How do you “manage” a CEO...? Posted: 24 Nov 2021 02:39 AM PST One of the vest decisions I've made was realizing I'm not good at managing the company I've founded. I did two things: Found an experienced partner Managed to bring an experienced CEO on board (which very soon was able to increase profits to a point where the cost was worth it) The company is doing much better now, and it's a lot clearer what it CAN be, and how big it can be. But I find myself in a weird position: On the one hand, the CEO is way more experienced than both me and my partner. He ran big, "real" companies for longer than I've been an adult :) On the other hand, both partner and me are very involved in the day-to-day, while also acting as the "board". From that position, I feel like we're "mismanaging" our CEO. He seems frustrated sometimes by the lack of freedom, when we "veto" things, but at other times we feel like he's just wrong, and we're still not at a level where we can afford the mistakes. On the one hand, my partner tends to see the CEO role as this omnipotent problem-solver who should be able to achieve any outcome we ask for, But on he other hand, I feel like in a startup with limited resources and man power, we need to cut the CEO some slack if things don't pan out as requested. I feel like being used to a work environment with endless budgets and hundreds of employees - our CEO is struggling a bit in getting results when a significant amount of his "work force" are, well... us... the "board"... I'm not sure what I'm asking really, but any insights about this situation and best practices or ideas to get the most of our CEO would be great. submitted by /u/nothingsurgent [link] [comments]

Is needed MVP for pre-seed round? Posted: 24 Nov 2021 07:57 AM PST Hello guys! I have a plan to build my third startup. Previous one i failed because in same time i worked at job full time and i tried to grow it by my own money. I saw how my competitor build and grow faster in 5x times, we had a conversation and i found out he has a good funding from investors, so here i'm failed. I read a lot information about path from start to grow startup, validate ideas and so on. Especially i like Paul Graham essays (i would recommend its, but i don't know will it help me or not). Here, i would like to ask some questions and my doubts: I made conclusion, the best way to validate idea is build MVP which minimal works and has value for future customers, and, of course, find at least one paid customer. Does it correct, what do you think guys? To raise funding, i mean pre-seed or seed, i should have MVP and some customers. Does it true? submitted by /u/valerottio [link] [comments]

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