South American Adventures

Taking flying leaps into the unknown

How Open Should a Startup CEO be with the Team?

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In an effort to improve the way I approach and manage things I came across this article on CEO transparency published on the blog bothsidesofthetable. Bothsidesofthetable is one of my favorite startup related blogs. It is also one of the most recommended ones out there. If you haven’t already, I would add it to my Feedly or any other blog app you use.

I don’t want to butcher the blog by trying to take out the key points or writing my interpretation of it. However in the comments of the blog a user cited the following bit as the key takeaway, which I found interesting:

“A startup CEO’s job is to absorb stress so the team doesn’t have to. Her job is to turn up every day with enthusiasm even though her boyfriend just broke up with her, she hasn’t spoken to her best friends in weeks and she’s beginning to wonder whether this idea was really so great after all.”

 Without further ado: the link to the blog on CEO Transaprency.


Author: Miklos Grof

Miklos is the CEO and co-founder of Fundacity. Fundacity is making startups investing easier. Fundacity already supports all the notable accelerators in LatAm in their startup selection and management and they are expanding rapidly across Asia-Pacific and Europe. With the recently launched Fundacity Investments Clubs it seeks to simplify the startup investing process in emerging markets and make it accessible to more people. Miklos has unique and extensive experience in start-up formation, business development and venture financing. He has raised and evaluated investment offers in venture capital from angels and VCs from three continents for a variety of deals. He thrives at launching businesses and making sales in new geographies. Miklos currently serves as a financial advisor and mentor for various start-ups including Taggify (an online contextual advertising company based in New York and Buenos Aires). At Taggify, Miklos advises on fundraising, financial reporting to the board of investors, tax filling and cash flow management. Miklos completed his MsC in Finance at the London School of Economics and previously worked in corporate finance at PricewaterhouseCoopers in London, fund sales at UniCredit Vienna and economic research at Erste Bank Budapest. He is a Chartered Accountant with the ICAEW, Institute of Chartered Accountant England and Whales and is quinti-lingual. He is passionate about startups and entrepreneurship and spends his free time engaging with the startup community.

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