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Businesses > Entrepreneurs Moderated > Re: Acquiring a...
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Re: Acquiring a CEO

by NC <nc@[EMAIL PROTECTED] > Mar 22, 2008 at 03:44 AM

"shr...@[EMAIL PROTECTED]
" <shr...@[EMAIL PROTECTED]
> wrote:
> NC wrote:
> > You've just skipped about seven steps in a single sentence.
>
> And all of those seven steps I wish to leave to someone who is a
> professional at dealing with those seven steps. Hence my need.

Sorry, it just ain't gonna happen.  You don't (yet?) have a scale
to be able to afford such a professional.  As you said yourself:

> I am seeking only 1M as my first round.

How big a company do you plan to build with that?  Eight people
and no revenues?

> I would like to have many small investors

Big mistake.  The more investors you have, the greater the chance
that one of them will tie you up in a lawsuit for the rest of your
life.

> > Ideally, you also need a CEO with 15-20 years of big-name
> > industry experience that includes a successful track record
> > of managing a high-growth company or a high-growth division
> > within a company, but that may wait until round 2, if not 3
> > or 4...
>
> Uh... **** that. No offense ;-) There a folks what builds em',
> and there are folks what runs em'.

Not anymore.  There's also a folks what runs the buildin'.  There
are plenty of companies out there that reached $1 billion a year
revenue threshold within 4 to 6 years from foundation.  And there
are managers that supervised it, many on multiple occasions.
Managing a high-growth organization is a very specific skillset...

> Above is the latter.

The above is a carefully depersonalized bio sketch of Eric Schmidt,
the CEO of Google and a 20-year veteran of the software biz, whose
career included stints at PARC, Bell Labs, Sun, and Novell.

> Perhaps I'm not understanding the job of CEO fully.

Indeed.  The job of the CEO is to keep investors, not you, happy.

Cheers,
NC
 




 15 Posts in Topic:
Acquiring a CEO
"shrike@[EMAIL PROTE  2008-03-19 17:00:02 
Re: Acquiring a CEO
"Mark T.B. Carroll&q  2008-03-19 20:53:27 
Re: Acquiring a CEO
NC <nc@[EMAIL PROTECTE  2008-03-20 14:22:33 
Re: Acquiring a CEO
"shrike@[EMAIL PROTE  2008-03-21 02:43:59 
Re: Acquiring a CEO
NC <nc@[EMAIL PROTECTE  2008-03-22 03:44:15 
Re: Acquiring a CEO
"shrike@[EMAIL PROTE  2008-03-22 17:51:14 
Re: Acquiring a CEO
NC <nc@[EMAIL PROTECTE  2008-03-23 03:39:07 
Re: Acquiring a CEO
"John A. Weeks III&q  2008-03-20 14:22:58 
Re: Acquiring a CEO
Scott Jensen <Recreati  2008-03-20 15:13:14 
Re: Acquiring a CEO
"shrike@[EMAIL PROTE  2008-03-21 02:44:25 
Re: Acquiring a CEO
Scott Jensen <Recreati  2008-03-22 03:44:50 
Re: Acquiring a CEO
Jim Logajan <JamesL@[E  2008-03-22 06:11:21 
Re: Acquiring a CEO
ehandbury@[EMAIL PROTECTE  2008-03-21 02:45:01 
Re: Acquiring a CEO
"shrike@[EMAIL PROTE  2008-03-21 15:21:56 
Re: Acquiring a CEO
ehandbury@[EMAIL PROTECTE  2008-03-26 15:10:23 

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tan12V112 Wed Dec 3 17:17:44 CST 2008.