Masters of Scale Strategy Session: When should founders step aside? Where can you find investors? Were pandemic pivots harmful?
Jul 20, 2021
What should founders consider before hiring a replacement as CEO? Entrepreneurs share challenges of scaling in a post-pandemic world and explore alternative funding sources beyond VC firms. Key decisions for growth must balance short-term pressures with long-term vision. The journey of a chef navigating leadership changes and innovations is examined, along with a medical CEO's struggle between investing in the future and maintaining cash flow. The session also introduces unique employee benefits to boost satisfaction.
AI Snips
Chapters
Books
Transcript
Episode notes
Blitzscaling Considerations
- Blitzscaling is a strategic tool, not a goal, and it involves calculated risks.
- Evaluate market conditions, capital availability, and competition before blitzscaling.
Finding Investors
- Target classic VCs only if your company aims for a billion-dollar valuation.
- Explore local firms, strategic corporate arms, or high-net-worth individuals for alternative funding.
Balancing Growth in Heritage Businesses
- Consider fully separating distinct business units if their operations, teams, and strategies differ significantly.
- Partially disconnect units with shared infrastructure but distinct goals, fostering collaboration.
