<ul><li>If you want your start-up to really make it, founders will still be on the hook even after hiring an outside CEO.</li><li>The new CEO may not understand the domain as well, be more operational than strategic, and may not see the future the same way as the founders.</li><li>If founders check out or leave after bringing in an outside CEO, it can seriously damage the value of their equity.</li><li>Founders should only bring in an outside CEO if it increases their equity value and makes the company worth even more.</li></ul>

Dear SaaStr: What Role Do Founders Play Once They Hire an Outside CEO?

Discover more