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Wysłany: Pią 12:13, 13 Maj 2011
Temat postu: Only 1 in 10 Company Founders Survive VC Investmen
ecent scrutinize by the European Leadership Programme (ELP) found that merely an in ten company founders can expect to remain in dictate of the business they founded following adventure chief (VC) investment.
So what does this average if you're the company founder and you're looking for investment? Should you be nervous?
The key is to know your own limitations and determine you build a good team around you to repay for places where you are not so muscular.
A VC will usually have acted premonitory inquiry into the treatment team and primarily the founder before they prefer to invest, so you've already passed the first hurdle once you get investment. The investors want to believe in you and expect you to live up to their expectations based on what you've told them and what they've found out about you from their research. After you've been via this process it's unlikely you'll be let go because they don't like the shape of your head or you've upset the senior partner's wife, though that's not to be suggested. Ultimately it will be down to your extravaganza and the performance of the business against the native maneuvers and predictions.
So what are the cardinal causes for removing a founder CEO and how can you determine you don't get the chop before you ambition it?
1. They don't communicate
Your investor wants to know what's going on, if it's good or wrong. They don't like wonders,
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, even good ones, as it implies that you as the CEO didn't know it was coming or chose not to narrate them. And if the newspaper is bad they definitely want to be notified in advance and listen what you're going to do about it. Communicate clearly and frequently and don't conceal from bad newspaper, fair deliver it with a well thought out solution.
2. They panic
When you watch the founder CEO seeing favor a deer caught in the headlights then you understand it's period because them to work. Challenges and problems happen in affair and they can be important. The CEO absences to reserve a tranquilize brain and take explicit, determined deeds to decide the issues. Show you're in mandate and take tight control of the location. If you bury your head in the dirt then you'll bring ... to an end losing it.
3. They don't live up to their promises
It's cozy to get carried away when you're raising finance and agree of sorts excellent results yet if you can't convey above them afterward the deal then you're liable to get the boot. Make sure you converge on what you said you would do, don't get distracted and mallet to achieving what you promised. And be scrupulous what you promise.
4. They make silly decisions
This often comes behind to the lack of a strong team. Founder CEOs by their ecology tend to be strong willed and opinionated. This can be the key that assists them succeed in the early stages when it takes patience and positiveness to start the business. However, if you stop listening to your companion advisers or your colleagues are too sheepish to tell you the fact, then beware. You can accessible bring ... to an end production determinations that don't go for the company and everybody around you will just keep nodding and coinciding until it's also late. Recruit people you can trust as business partners who will be willing and proficient to give you a potion of reality when it's needed. And be willing to listen to them.
5. They're simply not up to the job
Of course no-one is going to trust this could happen to them. Again the founder CEO's oneself is going to retain one unshakeable belief in their ability to do everything and anything. If the business is going well and you've built a good crew around you,
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, then at a time you're playing a character that suits (inspirational governor,
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, visionary product creator, deal producer, lead generator or operational champion) then there should be no issue about you remaining. If the business is struggling and you're obviously out of your depth then be gallant enough to approve and acknowledge it and be menial ample to aid the business at bringing in peopl
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