Fire the Founder? 🔥 Take the initiative and replace yourself as CEO

Fire the Founder? 🔥 Take the initiative and replace yourself as CEO
Startup typically outgrow their founding CEO
It’s better find your replacement then be replaced
My board of directors wanted to replace me as CEO. This episode explains how I handled that with fantastic results.
If you recruit the new CEO, you can find someone you want to work with, and who will respect you.
They can help drive the company’s success and give you the exit you want.
Read the article ftb.bz/80B
Listen to the Podcast ftb.bz/Podcast
Founders Alliance ftb.bz/Alliance
Mailing list for office hours ftb.bz/join
Lance Cottrell has been an active startup advisor and startup mentor for over a decade.
He has helped countless startups navigate the key decisions of their journey, like when to take venture capital investment and negotiating term sheets.
He works with many companies in accelerators like Y Combinator and Founder Institute.
He provides help with startup funding including raising venture capital and angel investment.
He can help you achieve liquidity for your company at a high valuation.
Feel the Boot is a startup vlog of tips and advice for early-stage founders.

[@KyleBehse]

Thanks for your insight, Lance! Always appreciate your perspective and advice!!

[@FeeltheBoot]

Much appreciated!

[@TharunYadla]

Thanks

[@FeeltheBoot]

Welcome

[@fijirunway]

Should Founders be CEO's? Founders are more vested in the creativity and innovation part & not necessarily the numbers. Leave the numbers to the experts🤷🏽‍♀️

[@FeeltheBoot]

You are right. In many cases, they should not! However you can also structure a company so the CEO is not focused on the numbers by bringing in the right CFO and COO.

[@michaelransom5841]

I would love to give away the CEO position to someone else!... lol

[@FeeltheBoot]

I think that is common for many founders. Some know it is not what they want from the start. Others discover it is not what they imagined once they have been there a while. 😬