It Takes 3 to Run a Business

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It Takes 3 to Run a Business

Early in his career, Union Square Ventures managing partner Fred Wilson asked a very experienced VC, “What exactly does a CEO do?” The reply came without thought or hesitation:

“A CEO does only three things. Sets the overall vision and strategy of the company and communicates it to all stakeholders. Recruits, hires, and retains the very best talent for the company. Makes sure there is always enough cash in the bank.”

 


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