ARTICLE | Management Tracks
VCs turn to the village to solve first-time CEO conundrum
Board chairs become key strategic hire as VCs put newco management teams in place
August 30, 2022 8:42 PM UTC
Faced with more newcos than experienced teams to run them, VCs are strategically building boards to provide a guiding hand, and lining up experienced entrepreneurs for first-time CEOs to lean on.
The trend means that the chair appointment in particular takes a new dimension, as VCs look to pair inexperienced CEOs with a compatible chair to serve as mentor and sounding board...