Some of us are not the right leaders for this moment.
It is now clear that Silicon Valley’s venture-backed companies are facing a new post-COVID world, one where revenue growth and innovation are in real jeopardy. Most of these companies are headed by Founder/CEOs. Investors, clients, and employees alike are all looking to the Founder/CEO for new direction and operating discipline.
Today I am hearing from venture firm Managing Partners to discuss the option of bringing in experienced professionals to take on the CEO role in support of Founders and their teams. It may be the best way to ensure that their portfolio companies are protected and on-mission. There are exceptional CEOs out there with successful track records running young companies who can be brought in: CEOs with wisdom, pragmatic experience and mental toughness.
If you are a venture investor, it’s time to ask the tough questions:
- Is this a company I still support and will continue to invest in?
- If yes, do I have the right CEO for the leadership challenges in a post-COVID world?