When a startup successfully gains traction, founders often face the difficult decision to either continue to lead their company or hand over the business to a more seasoned CEO. In fact, it’s been estimated that only one in five founders stays throughout the entire life cycle of a business. That means that most companies will experience the transitioning out of a founder and the introduction of a new CEO at some point.
Michael Barrett is an expert at this transition and has stepped in for founder/CEOs at both Millennial Media and AdMeld. For this segment of Leaders on the Move, he sits down with Mike Flannery to talk more about what it’s like to come into a successful startup and take the reigns from the passionate entrepreneur who built it.
As part of our Leaders on the Move series, Redwood is highlighting leaders in the tech space as they sit down and talk with Michael Flannery, Managing Partner at Redwood.