Transitioning from a founder to a CEO requires letting go of control. Successful founders embrace this change while maintaining their vision, ensuring growth and adaptability.
The data shows that founder-CEOs can be wildly successful. Among unicorns founded in the last 15 years, 65% retained their original founder as CEO.
Problems arise for founders suddenly beholden to VCs, especially when exponential growth doesn't provide the time to become good CEOs, risking catastrophic failures.
Bootstrapped founders have the advantage of growing slowly, which provides more time to learn CEO skills, whereas rapid scaling can overwhelm new leaders.
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