Tuesday 20th November 2018

    DIY vs Delegate - Fred Wilson


    I am a bad delegator and very much a do it yourselfer (DIY). It's one of the many reasons I am certain I'd make a terrible CEO.
    CEOs must delegate. At scale, they should only do three things; set the vision and strategy and continuously communicate it, recruit and retain the very best people, and keep the company funded. Everything else has to be delegated at scale.
    But when you start a company, you (and your cofounders) have to do everything yourself. There is nobody to delegate things to. And hiring a bunch of people to do things like schedule your meetings, answer the phones, keep the books, review contracts, interview candidates, etc is a bad idea because it uses up money which is always in short supply at the early stage of a startup.

    Continued here