Rick Marini explains how CEOs and COOs need each other: the CEO sets direction and raises money, the COO executes and runs daily operations. Vision without execution fails, and execution without vision fails. Finding a COO who works in lockstep with the CEO is rare but invaluable.
Chapters
CEOs typically are the big vision, often are in charge of fundraising and PR and, you know, investor relations, all that stuff. The COO needs to be complementary, focused on vision and the execution, and that you need to bring them together because vision without execution goes nowhere. Execution without vision, well, also goes nowhere, right? So you need both. I want a COO that's multifaceted, that is complementary to the CEO, and also that has a mutually respectful relationship with that CEO. CEO, right? You want the yin and yang. You want it symbiotic. You want them to be like lockstep. And when you find those people that you trust and you respect and you want to work with every day, it is a wonderful situation. It's hard to find, but when you see that, you know something special's there.