Every startup starts with a founder, but not every founder can lead it to $50 million. Some adapt as the company grows through different management phases. Others can't make the shift and become the wrong leader for what the business needs.
You've always got a founder at the beginning. And some founders are able to make the jump from essentially $0 to $50 million. It's not really a jump, of course. It's an evolution. But they're able to make that evolution. They're able to go along for the ride with that evolution and remain in charge and be the right leader for the duration. Some founders aren't, right? And there's usually kind of like 3 phases. There's the very early phase. Where there's really not any management structure at all. And then, there's the phase where you start to bring in a management structure but it's not the one you're going to have when you're $50 million.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
