Hasan Sukkar, the founder of AI startup 11x, announced his resignation as CEO to assume a role as non-executive chairman. This strategic shift positions Prabhav Jain, previously the CTO, as the new CEO. Sukkar's focus will remain on guiding the company's direction and opportunities. Despite a fond attachment to 11x and recognition of its potential, Sukkar acknowledged the necessity of leadership transition for the startup's ongoing success. Previous challenges included customer retention and product issues, underscoring the urgency behind this leadership change.
I've spent a lot of time thinking about what it takes to go from a fast growing startup to an enduring enterprise grade scale-up, and I have realised that I love building from the ground up.
It's in my bones. I love 11x and believe in our mission deeply. We have a massive opportunity ahead. But sometimes, loving your company means knowing when to pass the CEO baton for the next leg of the race.
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