| Replacing Yourself as CEO | May 01, 2007 |
Tom Friel
|
Heidrick & Struggles |
Endeavor's Entrepreneurs' Summit |
| Views: 1288 |
|
| Video 6 of 16 from this talk |
- 01:56Managing the Tradeoff between Venture Partner and Financial Terms
- 02:04Raising Money outside Silicon Valley
- 04:13How to Pick a Venture Partner
- 01:52Advice about Term Sheets
- 03:39What to Expect and to Avoid in Term Sheets
- 01:44Replacing Yourself as CEO
- 01:28Leadership Is the Scarce Input for a Startup
- 03:49How to Attract Great Talent
- 04:01How Much Money to Raise?
- 01:20Cautions about Raising Too Much Money
- 01:52Option Pools and Sharing Wealth with the Team
- 02:30Setting Valuation
- 01:53Creating Real Value: Substance over Form When Raising Money
- 02:40Using Agents to Help Raise Money
- 02:40Venture Funding Challenges in Emerging Economies
- 01:21Which Investors Add Value
Description
Tom Friel, Chairman of Heidrick and Struggles, suggests that frequently in entrepreneurial ventures replacing the founder CEO with an experienced CEO is needed for the venture to scale and grow. Friel argues that perhaps the hardest experience for a founder is to recognize that their company might do better if they were to take a different role than CEO which often determines whether the venture stays small and successful or scales to something greater.
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