Should you be the CEO? | Summary and Q&A

Transcript

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Summary

In this video, the speaker recounts a mistake they made when pitching their startup to venture capitalists. They were asked who the CEO was, and they responded with "both," assuming that a co-CEO arrangement could work for them like it did for Google's Larry Page and Sergey Brin. However, the speaker later realizes that having two co-CEOs creates frustration, chaos, and delays, and can ultimately slow down the progress of a startup. The speaker reflects on their own experience and advises viewers to consider the importance of authority and self-advocacy when deciding who should be CEO. They also highlight the specific skills and responsibilities required of a CEO and emphasize the need for self-awareness in making this decision.

Questions & Answers

Q: Why did the speaker think a co-CEO arrangement would work for their startup?

The speaker believed that if the co-CEO arrangement was successful for Google's founders, it could also work for their startup.

Q: Why did the speaker regret not becoming the CEO themselves?

The speaker realized that authority and the ability to fix problems were important aspects of being a founder, and they didn't truly understand this until later in their career.

Q: What did the speaker consider when deciding whether to be CEO or continue coding?

The speaker enjoyed coding and shipping products, so they had to weigh the satisfaction they derived from those tasks against the unique responsibilities and skillset required of a CEO.

Q: What are some specific tasks that only the CEO can do?

After achieving product-market fit, the CEO becomes instrumental in driving the vision of the company, managing investors, hiring and managing employees, and being the cohesive force that brings everything together to build a great product or service.

Q: What advice does the speaker have for viewers?

The speaker urges viewers not to delude themselves about whether or not they should be CEO. If they truly feel the need for authority and have the drive to acquire the necessary skills, then they should pursue becoming a CEO.

Q: Is being a CEO right for everyone?

No, being a CEO is not for everyone. It requires a specific skillset and willingness to take on the unique responsibilities of the role. Each individual should assess their own desires and capabilities before deciding if they should be a CEO.

Q: What does the speaker emphasize about the decision to become a CEO?

The speaker highlights the importance of self-awareness and self-advocacy in the decision-making process. Each individual must understand their own needs and goals and be proactive in pursuing the role of CEO if it aligns with those aspirations.

Q: What does the speaker want viewers to take away from this video?

The speaker wants viewers to learn from their mistake and not underestimate the significance of being a CEO. They encourage viewers to make informed decisions about their role in a startup, acquire the necessary skills, and manifest their aspirations.

Takeaways

In this video, the speaker emphasizes the importance of understanding one's own needs and goals when deciding to become a CEO. While a co-CEO arrangement may work for some companies, it can often lead to frustration, chaos, and delays. The role of a CEO requires a specific skillset and the ability to take on unique responsibilities, such as driving the company's vision, managing investors, and hiring and managing employees. It is crucial for individuals to have self-awareness and self-advocacy in order to make informed decisions about their role in a startup. Ultimately, the decision to become a CEO should align with one's aspirations and the desire for authority and agency.