The right way to choose co-founders for your startup
One of the critical reasons for most of the Start-ups drifting away from their passionate business journey and end up as a failed Start-up has been irreconcilable conflicts of misaligned CxO Teams.
As a Start-up CEO looking to create an Awesome CxO Team of Co-Founders the decision to connect is influenced by 2 Parameters:
- The CEO’s liking of the CxO(s)
- Chemistry of the Combined (CEO’s + the CxOs) Competencies
Let’s understand the following 4 graphical quadrants where each quadrant reflects an individual CEO’s inclination in collaborating with people.
Quadrant A: The CEO doesn’t like the CxO, however their combined competencies deliver top notch performance & results
Quadrant B: The CEO likes the CxO, and their combined competencies deliver top notch performance & results
Quadrant C: The CEO likes the CxO, however their combined competencies deliver low performance & results
Quadrant D: The CEO doesn’t like the CxO, and their combined competencies deliver low performance & results
If you are a Start-up CEO or a CxO, perform a quick analysis of the perception (Like or Dislike), the your/CEO’s performance and the CxO Team’s performance and relate them to the quadrants.
What percentage of the decisions in the CxO Team’s creation are in each of the quadrants?
This can give a clear insight on Which business or behavioural parameter is or has been the decisive factor in the decisions and inclinations.
A key area of focus in our engagements with start-up CEOs is to enable this thought leadership to get the founding team’s chemistry right. As business leaders, don’t we all understand the importance of the “Best People coming together to deliver the best results” for the Organization? Let’s engage if you are witnessing this scenario.