In the Cambridge cluster, investors and founders alike argue that CEO leadership matters hugely in determining the ultimate outcomes for early-stage tech businesses. And the cost of a CEO failing and needing to be replaced can be high – in terms of shares, salaries and time – if not terminal, for the business.
But founder CEOs often struggle during the scale-up phase.
Through this research project Horizon37 aims to address the demoralising statistics about the drop-out rate of founder CEOs as businesses grow. The firm says: "We will equip investors, the CEOs themselves, and other mentors and coaches, with insight to guide and priortise their efforts in developing CEO leadership."
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