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  3. Marc Andreessen at Startup School SV 2016

Summary

The most profound aspect of the topic is the importance of founders in startups and the role of a founder CEO.

  • Many venture firms have shifted towards professional CEOs instead of founder CEOs, but the speakers believe that many of the best companies are run by their founders.
  • A professional CEO is someone with business and sales experience who can take a product from the lab to the market.
  • The speakers desire to tilt the industry back towards founder CEOs, although they are not strictly opposed to professional CEOs.
  • Founders need to be committed to being CEOs or partnering with a great CEO.
  • Having board members with experience in building and running companies is important.
  • The firm's operating model focuses on giving founders the necessary resources and network to operate like professional CEOs.
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