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The first startup I ever invested in had great technology. In fact, it was clear to me the technology was great, but I wasn’t sure how good the CEO was.
I decided to invest anyways, and the company failed about two years later. All I had left to show for my investment was a tax write-off.
The second startup I ever invested in the VP Engineering was a friend of mine. The technology was really good, but I wasn’t sure how good the CEO was.
I decided to invest anyways, and the company failed about one year later. Again, all I had left to show for my investment was a tax write-off.
The third startup I invested in had great technology. But, this time I learned my lesson. The CEO was someone I really believed in. That company is now worth well over $1 billion.
The fourth startup I invested in had great technology too. The CEO was world-class, and I believed in him. That company is now worth over $1 billion too.
Do you see the pattern here?
The type of startup that succeeds always has a great CEO.
Startup success has little to do with the market you’ve chosen or the technology you have. Startup success has a lot to do with you as the CEO.
