Super interesting insight and generally agree with the gist of what you are saying.
> Any weakness in any of these skills is an existential threat, and you don't know for sure what will hit you this year.
Hard disagree with this conclusion. I regularly work with businesses from 100~1000 employees and at a certain scale (number of employees might not be a great proxy), the engine of the company simply takes over - good or bad CEO.
There are great CEOs that can do ALL of the things you mention, but I've also sat in board meetings with some pretty terrible CEOs of $100M revenue businesses. To the point where I would seriously question how the company still was operating, but alas, it chugged along.
It's actually incredible to me how many businesses that do have poor leadership that continually survive. Once you've built a brand, a reputation, a network of clients and a somewhat steady book of business, it's surprisingly hard for most businesses to fail.
Note - tech companies on a VC track are a bit of an exception to this, but thats usually because they are spending more than they earn, so they literally strangle themselves. It's important to remember in the grand scheme the number of VC backed companies is greatly dwarfed by the number of businesses that exist.
> Any weakness in any of these skills is an existential threat, and you don't know for sure what will hit you this year.
Hard disagree with this conclusion. I regularly work with businesses from 100~1000 employees and at a certain scale (number of employees might not be a great proxy), the engine of the company simply takes over - good or bad CEO.
There are great CEOs that can do ALL of the things you mention, but I've also sat in board meetings with some pretty terrible CEOs of $100M revenue businesses. To the point where I would seriously question how the company still was operating, but alas, it chugged along.
It's actually incredible to me how many businesses that do have poor leadership that continually survive. Once you've built a brand, a reputation, a network of clients and a somewhat steady book of business, it's surprisingly hard for most businesses to fail.
Note - tech companies on a VC track are a bit of an exception to this, but thats usually because they are spending more than they earn, so they literally strangle themselves. It's important to remember in the grand scheme the number of VC backed companies is greatly dwarfed by the number of businesses that exist.