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Saastr
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Dear SaaStr: When Will VCs Push You To Bring On an Outside / Professional CEO?
- VCs prefer to back founder-CEOs for as long as possible.
- Professional CEOs may provide short-term benefits like recruiting, but they often don't understand the product.
- VCs only opt for an outside CEO if the founder-CEO is toxic or mismanages funds.
- Nearly 90% of SaaS companies that go public have a founder-CEO.
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