Xobni Has a New CTO and Change in My Role
xobni.com
xobni.com
I don't mean that as a knock towards @adamsmith though. I know he's just going through the requisite motions.
Sounds like they're doing really well though.
If he is leaving under bad terms, he has to write a letter like this.
If he is leaving under good terms, he has to write a letter like this.
Our reactions say more about us than it does him.
Speaking from experience: as "that point" approaches on the horizon, you'll find a lot of differing (and hotly contested) opinions about when, who, and the definition of "flourish." Your co-founder, or board, or incoming investor, may decide you're reached that point long before you have....
Few days ago it was RescueTime's founder, and now today it's Xobni.
I'm more interested in understanding the true psychology/thought-process of these founders leaving their companies in someone's hands when it's already on a good path. Do they get tired or bored of working on their idea? Or do they get more excited about new opportunities.
The main concern is, what about their persistence and "don't give up" attitude as an entrepreneur? When they will go for starting new business, will investors, partners and employees will trust these guys again that they will stay in that new business until it reaches to successful destination?
Just curious to know what goes in the minds of these founders when they take such decisions...
If it works out, this decision tells those folks that this founder will step aside to make them money.
Remember - no one but the founder and her mother cares whether the founder stays on board or makes money. Everyone else cares about whether they make money.
To put it another way, only two people invest to help {name} become the CEO of a successful company.
"we invest in people/team/market/idea/etc" always has an implied "to make us money" at the end. While unstated, that goal is the important part of the sentence - the stated part is just their plan for doing so.