Unlocking Success: The Key Role of a CEO in Empowering their Team

Name: Unlocking Success: The Key Role of a CEO in Empowering their Team
Uploaded: 2024-01-03T16:23:45+00:00
Duration: 53 s
Channel: Jason M. Lemkin
Description: In this segment, Jason M. Lemkin warns first‑time and early‑stage CEOs against monopolizing board and investor meetings. He labels the habit of never…

3 Jan 2024 · 1 min

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In this segment, Jason M. Lemkin warns first‑time and early‑stage CEOs against monopolizing board and investor meetings. He labels the habit of never hearing from anyone else as a major confidence‑killer for venture partners. Lemkin argues the CEO’s role is to set the stage for functional leaders—VPs of sales, marketing, product, engineering, and finance—to present their goals, results, and rationales. He recommends that CEOs keep their own speaking time under 50% of a meeting, allowing the team to surface what’s working, what isn’t, and why targets were met or missed. This approach not only empowers the leadership team but also builds investor confidence by showcasing a well‑aligned, accountable organization.

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Number 8 of the type of CEO that just undermines confidence in venture is the never hear from anyone else-er. And a lot of first-time CEOs make this mistake inadvertently in the early days, but the job of a CEO is not to talk 100% of the time to board members, to investors. It's to set the stage. It's to set the stage so that you can hear from your VP of sales and your VP of marketing and your VP of product and your VP of engineering and your VP of finance on what's working, what isn't, so that they each have their own goals. That sales has its own goals, marketing has its own goals, product has its own goals, and hear why they made them and why they missed them. And if nothing else, if you have board meetings or investor meetings and you as CEO are talking more than 50% of the time, you're doing it wrong. They should be talking more. Um, let them happen. Everyone's trying to learn from your team what's going on at the company. So at least try to talk less than half the time at board and company meetings.