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It's incumbent upon the entrepreneur/CEO who accepts outside investment to periodically evaluate his position in light of a simple question "Am I still the best CEO for this company at this stage?" If and when the answer is "no" there is much to be gained by proactively leading the charge to find the best person and having full and frank discussions with the Board about where you can best continue to add value.
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There is no question in my mind that my company would not have seen its successful IPO without the non-financial assistance I received from our two silicon valley VC. Hiring great people, connecting with great partners, you name it.
Toggle Commented Jul 21, 2005 on When and why get VC money? at Seeing Both Sides
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