Charles HudsonFounder and Managing Partner, Precursor Ventures

Should venture funds adopt the CEO model?

25 Jul 2025 · 0 min

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Charles Hudson (speaker) explains why some venture funds adopt a CEO model: in multi-partner partnerships not all partners want to manage people, so funds appoint a CEO-like person to own people management and operational tasks (performance management, tax, audit, quarter-close, LP communications, etc.). The excerpt emphasizes ownership of the "unsexy" but necessary administrative responsibilities.

And if it's a multi partner partnership, not everybody in the partnership has to be interested in people management. And I think that's why a lot of venture funds have gone to this, like, CEO model where there is somebody who's kind of responsible for running the place, who says, I will take on the responsibility of people management, performance management, coordinating all of the, like, unsexy stuff like tax and audit and closing out the quarter and getting the LP letter out. These are all things you have to do and somebody has to own them.