Moving from start-up to scale-up Founder is not always possible
Columnist for WRAL TechWire writes about the challenge.
David Gardner, Founder of Cofounders Capital in Cary, NC, writes in a recent column for WRAL TechWire about one of the key challenges that some start-ups face: the inability of the founder to make the transition from a small team to a fast-scaling enterprise.
“They were indispensable in those early days as they worked closely with a small team to prove out their company thesis but with significant funding and scale, the very attributes that served them so well in the beginning seem to conspire against them as they try to transition to the next level,” Gardner notes. “Early stage ventures are a very different game at scale. Success is no longer determined by what a single entrepreneur can do. Next-level leaders must know how to recruit, define processes, delegate, hold people accountable and manage through metric. These are very different skills then the ones that got the company going initially and many founding CEOs find themselves unable to make the transition or even to grasp the new skills they need before running out of cash.”
You can find his thoughts here.