> To me and others, it seemed like the CEO was tired of the startup grind and simply giving up. Ever since his fellow co-founder quit, he’d been running both the technical and go-to-market sides of the company, and it was clearly very draining. We felt that he wanted a less stressful position with a lower risk payday, and this kind of deal was the best way to achieve that.
Where was the board? Why not hire in a new CEO from the outside?
I appreciate that the author can't actually get inside the founders' heads, but something still smells fishy here.
Where was the board? Why not hire in a new CEO from the outside?
I appreciate that the author can't actually get inside the founders' heads, but something still smells fishy here.