Dear SaaStr: How do you know when it’s time to “fire yourself” as a founder of a company?
IMHE — you don’t.
We all feel this way at times, or at least most of us do. The business gets even a bit bigger, and unless you’re a second time successful founder, you haven’t done it before.
Couldn’t someone else do it better?
95 times out of 100 — No.
Instead, the answer is to hire VPs and other execs under you that have done it before.
90% of B2B IPOs have the founder CEO still CEO at IPO. 90%:
Most of them didn’t know how to go that far. But they kept hiring great leaders under them.
Founders know so, so much about the product, the markets, the customers, the feature gaps. the partners, the ecosystem. Even just 24 months in, you know so much. An outside CEO almost never does in my experience.
