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Artem
@artofkot
How can a founder step back and shift into a more strategic role? The Strategy Team in cyber•Fund researched this subtle question and interviewed dozens of unicorn founders, fund managers and CEOs to create an actionable playbook. Full post: https://cyber.fund/content/hands-off Summary in comments👇
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Artem
@artofkot
*Hands-on start is vital* Hands-on approach offers a founder: - Deep Context Understanding for both day-to-day and big-picture decisions; - Enhanced Business Traction to deliver faster and more visible milestones for the business; - Control Over Risks in real-time before they become painful issues.
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Artem
@artofkot
Yet, staying too long in the trenches of daily operations has its pitfalls: - Founder Burnout; - Strategic Myopia due to Founder's tunnel vision; - Business Vulnerability due to over-dependence on the Founder; - Biased Decision Making; - Founder's Innovation Bandwidth Limit.
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Artem
@artofkot
Our conversations revealed no universal playbook for founders looking to take a step back without stepping away. To approach that, we’ve sketched out a two-part blueprint: 1. Parenting Agent (Who is in charge) 2. Parenting Mode (How the business is managed)
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Artem
@artofkot
Parenting Agent options: 1a. Founder-driven approach: a founder remains at the helm often as a CEO co-pilot 1b. Board-Driven Approach: the decision-making authority goes to a professional board 1c. Team-driven Approach: a dedicated portfolio management team takes the reins
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Artem
@artofkot
Parenting Mode options: 2a. Hands-On: a parent remains deeply involved in daily operations. 2b. Strategic Guide: a parent offers direction and inspiration but resists the urge to micromanage. 2c. Hands-Off: a parent steps back, overseeing from a distance.
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