Does a startup need a CEO from the start?
You certainly don’t need a full executive suite if it is only a few co-founders. However, in my experience every organization needs one person on whose desk the buck stops. You can call this the President, or General Manager, or Executive Director, or Chairman, or Man in the Moon…but it has to be one person who is at the very least the tie-breaker, and ultimately will make the hard calls. It is this person on whom future investors will be betting, and this person who will bear the brunt of the sleepless nights.
*original post can be found on Quora @ http://www.quora.com/David-S-Rose/answers
This article is intended for informational purposes only, and doesn't constitute tax, accounting, or legal advice. Everyone's situation is different! For advice in light of your unique circumstances, consult a tax advisor, accountant, or lawyer.