Entrepreneurs 101: How to evaluate a CEO?

Thinking_ActivitiesColorado Life Science Deal Flow and Seth Levine of the Foundry Group wrote a couple of great posts on the CEO review process. I clipped the posts for my own records, but thought VC Café readers – entrepreneurs and investors alike – could benefit from a checklist like this, as they plan their activities for 2008.

Without further delay, here is the list of 10 things to review when evaluating a CEO:

  1. Vision: Creates vision and strategy. Communicate this vision and strategy both internally and externally.
  2. Leadership: Ensures the support and execution of the vision and strategy by: Establishing communication of priorities; Driving change for improvement throughout the organization; Team-building; And, creation of a high performance environment.
  3. Operating Management: Develop and execute sound long-term and annual business plans in support of approved strategy. Manage operations and resources efficiently and effectively.
  4. Values and Integrity: Maintains consistent values and exemplary conduct. Promote positive corporate culture to reflect corporate mission statement.
  5. Shareholder/Investor/Financial Community: Serves as chief spokesperson, communicating effectively with shareholders and stakeholders. Become well regarded and respected by investment and financial community.
  6. Strategic Partners: Maintain personal rapport with strategic partners through open, ongoing communications.
  7. Human Resources: Ensures the development of effective employee recruitment, training, and plan programs to provide and motivate the human resources necessary to achieve objectives.
  8. Public Relations: Ensures that the company and its operating units contribute appropriately to the well being of their communities and industries. Represent the company in community and industry affairs.
  9. Board Relations: Work effectively with the Board of Directors to keep them fully informed on all important aspects of the status and development of the Company. Facilitate the Board’s governance, compositions, and committee structure. Implement Board policies and recommend policies for Board consideration. Supports a relationship characterized by trust, mutual respect, open communication and responsiveness to feedback. Use Board meetings effectively.
  10. Financial Results: Establish appropriate annual and long-term financial objectives and manage to consistently achieve these goals; ensures that appropriate systems are maintained to protect assets and maintain effective control of operations.

Make sure you plan this year wisely, both when running your business or in evaluating companies.

Follow me
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
Eze Vidra
Follow me
Total
0
Shares

Comments are closed.

Previous Article

Israeli singer serenades launch of MacBook Air (watch the video)

Next Article

Israel 2008: What the Bulls and Bears are saying

Related Posts
startup trends
Read More

20 US Startup Trends: Get Inspired and Launch in Your Country

Alley Insider, one of my favorite tech blogs, published an interesting post yesterday, titled "If We Hear About Any More Startups Like These, We'll Scream", listing some of the latest startup trends in idea buckets. Their frustration is coming from the sheer number of startups doing the same thing in the US, but for all of us living out of the US, the question should be: Is it currently being done right your country?
Wining hand
Read More

How To Win Startup Competitions

Competitions provide start-ups with the invaluable means to improve their reputation, enhance their profile and help them on the road to expansion and success.
Total
0
Share