What do CXO exits in a profitable startup mean
have been seeing a lot of startup’s having multiple CXOs leaving within a short duration of them becoming profitable. Is this another cost saving measure?
Karilyn Denver
Stealth
a year ago
Often the interesting parts of a startup are shut down (R&D, Innovations) to reach profitability and people leading them (a Chief Product Officer for example) becomes a boring job.
The other reason is salary cuts etc to get to profitability. Once a business is set, you don't need the costliest people. This is not a very hood scenario though.
Kalan Nadeen
Stealth
a year ago
* good
Interesting but these leaders won’t leave if the stocks/EDOPs hold value in the first place right? There has to be some trust loss about the future value of the company that causes this I think
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Matilda Carmden
Stealth
a year ago
Yes. It means. RUN.
Jordon Lee
Stealth
a year ago
It means it is a huge maze
if CTO / CMO leaves then the life cycle of product is done but if a CFO leaves then you run away if in senior position
CFO running away denotes a scam. CTO / CMO already have too much equity and have already made the required sum
Cto/ cmo leave when the product is made and will not leave before it coz already rich
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