When it comes to running a startup, the roles of Founder and CEO are often used interchangeably. However, there are key differences between the two that are important to understand.
Founder Started the Company
The Founder is typically the person who came up with the original idea for the company and took the initiative to start it. They may have developed the first version of the product or service and built the initial team. Founders are usually passionate about their idea and are willing to take risks to bring it to life. They are the visionaries behind the company and are responsible for its overall direction.
CEO Manages the Company
The CEO is responsible for the day-to-day operations of the company. They are in charge of executing the Founder's vision and ensuring that the company is running smoothly. This includes managing finances, hiring employees, building partnerships, and developing marketing strategies. The CEO is also responsible for communicating with investors and stakeholders and making strategic decisions that will drive the company's growth.
Founder vs CEO
While there is often overlap between the roles of Founder and CEO, the key difference is that the Founder is focused on the big picture vision for the company, while the CEO is responsible for the details of making that vision a reality. In some cases, the Founder may also take on the role of CEO, particularly in the early stages of the company's growth. However, as the company expands, it may become necessary to bring in a CEO with more experience in managing a larger organization.
It's worth noting that not all startups have a Founder or CEO. Some companies are run collectively by a group of people who share decision-making and leadership responsibilities. Others may have a more hierarchical structure with a Board of Directors or Executive Team.
Hire a Startup Advisor
What's most important is finding the right people to lead your startup. Whether you're looking for a visionary Founder or an experienced CEO, it's essential to have a team that is passionate about your idea and has the skills and expertise to bring it to life.
Upthriving is a fully integrated startup growth service for entrepreneurs that have built a product with market fit. More than a startup advisory service, we execute projects that maximize revenue for your business while you focus on building the product.