First startup CEO 101
What first time startup CEOs
should and shouldn't do
Talk about people
The only way to scale is through
higher quality people. Most early stage companies don't talk about people
nearly enough. As CEO, talk about people all the time. In one-on-ones with
your leadership team, make sure you ask about the quality and performance of
their direct reports.
Establish a people barometer
Paul English, cofounder of Kayak,
runs an on-going, mental enthusiasm test: When he walks down a corridor of
cubes, he asks himself who he is excited to see. Those that he is not excited
to see need to improve or move out. Develop your awareness of people in the
same way.
Don't forget that every new hire matters
Up to a certain size, say 200
employees, insist on a short meeting with any finalist candidate for a new
job -any job -in the company. Your role is not to test their functional
capacity to do the job; it is to test for cultural fit. Will they add or
subtract from the energy? You want the best people you can afford in all
roles.
Calendar for unscheduled time
About 30% of your office time
should be unscheduled. Don't squander this time on email. Get out of your
office or cube. Walk around purposefully, and be seen in informal ways. One
thing I like to do is drop in on a small group of product or engineering
colleagues and ask them what they are working on -and why. Just listen. You
might also grab someone for an impromptu one-on-one, or debate a partnership
or strategy issue that's been on your mind. Unscheduled time is critical to
your creativity and leadership.
Lastly, establish a calendar
buddy, someone preferably who is a CEO also, in an unrelated industry. Every
month, write him a short email stating your key pri orities, give him access
to your calendar, and ask him to assess whethe you really used your time
well. You will be surprised.
Be contrarian
Jack Dorsey of Twitter and Square
likens the CEO job, and leadership generally, to an editorial task: editing
for great ideas and people, and editing out the bad. When everyone thinks
things are great, ask yourself where you could stumble, and talk with the
leadership team more about competitive threats.
Be overtly contrarian, even
paranoid. When things are bad, the CEO is the single most important voice
reas suring everyone that there will be better days. Do this in a reasoned
way, explain with data why you think cir cumstances will improve, and discuss
what needs to be done.
Remember focal length
One reason you are CEO is that you
are a doer, a person of action. Yet one of the hardest things is to stop
fixing every little problem you see. Establish focal length. When you see a
problem, first ask yourself: Should I fix this myself, delegate it, or ignore
it? It will keep you from meddling, for one; and it will put pressure on your
managers to do their jobs better.
Be happy
If you are temperamental, take it
outside. Go for a walk. Employees mirror the mood of the CEO more than they
should, but it's a fact. If you slouch and look glum, they think something is
wrong with the business. If you are a screamer, well, nothing good comes of
that. If you want to complain, do so at home.
Remove distraction
Manage your board and investors
-don't let them interfere unnecessarily. Stay close enough to large
expenditures and projects to kill them if it's clear they will not create
value. One of the places where CEO interference, if you will, should be
tolerated is in removing distraction.
Add value
Figure out what you do best, what
no one else can do as well as you -partnerships, sales, product development,
fund-raising. Ask your leadership team for their assessment of your
strengths. Then assign yourself to focus on those things. With everything
else, fill in with the most talented people you can find. CD
By George Bell
The author is a five-time CEO and
an XIR at the Cambridge-based venture capital firm General Catalyst Partners
(Excerpted from Business Insider)
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Thursday, September 3, 2015
CEO / STARTUP SPECIAL....................First startup CEO 101
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