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Can you be CEO?
One question that I often ask founders who are pitching me is, “Can you be CEO?”. Surprisingly this question continues to stump founders who have no idea how to answer it. The reality is that if you can’t answer this question then investors will lose faith in you.
Many founders can’t answer the question because they assume that being a founder entitles them to be CEO, but that couldn’t be further from the truth. Just because you have an idea does not entitle you to run the company, especially once venture capitalists have invested in it.
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So how do you answer this question?
To be successful you need to understand what VCs want in a CEO, you might not have everything they want but you should be able to show enough traits that are attractive these include:
Having previously returned capital to investors
A unique skillset
A respected degree in a relevant field
Having managed teams
Previously startup experience
Communication skills
Market Insights
A combination of these things should show that you are the right person to lead the company.
Can you answer the question "Can you be CEO?"? |
Two Forbes 30U30 Founders Transforming Mental Wellness
People scroll on their smartphones, they get depressed. Today, 25% of American adults are suffering from a diagnosable mental health condition.
After seeing their mother struggle with depression, Lee brothers, Forbes 30U30 winners, founded Aura, already with over 8 million users and 100K+ paying subscribers.
Aura quickly received investments from Silicon Valley’s legendary VCs as well as executives from Spotify, Youtube, Facebook, and Apple. And they’re just getting started.
For [x] more days, you can invest in Aura alongside 2000+ investors and back the future of mental wellness.
Are you looking to grow your business? Here is how I can help:
📢 Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.
📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)
📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.
💸 Promote your product or service to 100,000+ entrepreneurs.
🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital and more every day.
Onwards and Upwards,
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