Being A Great CEO

Brad Feld

My experience with all of this is that it’s incredibly hard, breaks regularly at different points in the life of a company, and requires a great CEO to continually grow and learn from mistakes, adjust course based on new information, and work diligently at being honest with himself, his team, and his board about what is going on. But, if you get it right, it’s magical.

 



Filed Under:
Collection: Team
Category: Team Structure & Roles

MBA Mondays: Optimal Headcount At Various Stages

Fred Wilson 

The number of people you have in your company at any time is a very important part of getting the company building process right. Too many and you will slow things down, burn through too much cash, and increase management overhead for no real benefit. Too few and you will be resource constrained and unable to grow as fast as you'd like.

 



Filed Under:
Collection: Team
Category: Team Structure & Roles

The Management Team - While Building The Business

Fred Wilson 

Many founders are naturally talented at building product and building the user base. But building the company comes harder to them. I once discussed this with Roelof Bothaand he made a fantastic suggestion. Founders should think of the business as yet another product they are building. It is the ultimate product they are building because from the company can come any number of additional products and any number of additional initiatives. The company, if built correctly, will be more important than any single product it can create. 

 



Filed Under:
Collection: Team
Category: Team Structure & Roles

The Management Team - While Building Usage

Fred Wilson 

So you've built and launched your product. It is well received. You've acheived "product market fit" and it is time to get more users or customers. You've graduated from the "building product" stage and have entered the "building usage" phase. What does this mean for your team?

 



Filed Under:
Collection: Team
Category: Team Structure & Roles

The Management Team - While Building Product

Fred Wilson 

Building product is not about having a large team to manage. It is about having a small team with the right people on it. You need product, design, and software engineering skills on the team. And you need to be focused, committed, and driven. Management at this point is all about small team dynamics; everyone on board, working together, and getting stuff done. Strong individual contributors are key in this stage. Management skills are not a requirement. In fact they may even be a hindrance.

 



Filed Under:
Collection: Team
Category: Team Structure & Roles

VP Finance vs CFO

Fred Wilson 

I generally encourage companies to wait as long as possible to bring on a CFO. Great CFOs are few and far between. And in order to recruit one of them, you will need an interesting business and a meaty role. VP Finance talent is in larger supply and they can take you very far. Get a VP Finance onboard as soon as you can afford one. They will let you sleep at night. Get a CFO on board when you are ready to take on the world. You can't do that without a strong one at your side.

 



Filed Under:
Collection: Team
Category: Team Structure & Roles