hallsofmontezuma
Well-known member
I'll just share my thoughts from the perspective of someone who's owned and sold multiple businesses, dealt with hired CEOs, etc.
Bringing an external CEO onboard and/or selling a business/taking in investors is often part of the natural course of running a business, specifically staying in business and/or growing. This may be necessary to continue to provide a solid product in an increasingly competitive environment. A founder may have had what it took to get the company to a certain point, but to get to the next level, or to even maintain their market position, may take someone else with a different skillset. Founders also get burned out, or otherwise realize that for the good of the company, its employees, and their current and future customers, fresh leadership is required.
When I sold my last company, many of our 3+ million users were upset, that they were no longer using a product from a small, US-based company which was being bought by what they perceived as a larger, global company.
However, the new owners had the ability to take things to a level I never could have. The product is better than ever, they've been able to maintain the high standard of customer support we always had, and nearly all the employees still work there two years later, with higher salaries and a (mostly) better benefits package.
Bringing an external CEO onboard and/or selling a business/taking in investors is often part of the natural course of running a business, specifically staying in business and/or growing. This may be necessary to continue to provide a solid product in an increasingly competitive environment. A founder may have had what it took to get the company to a certain point, but to get to the next level, or to even maintain their market position, may take someone else with a different skillset. Founders also get burned out, or otherwise realize that for the good of the company, its employees, and their current and future customers, fresh leadership is required.
When I sold my last company, many of our 3+ million users were upset, that they were no longer using a product from a small, US-based company which was being bought by what they perceived as a larger, global company.
However, the new owners had the ability to take things to a level I never could have. The product is better than ever, they've been able to maintain the high standard of customer support we always had, and nearly all the employees still work there two years later, with higher salaries and a (mostly) better benefits package.