October 20, 2022

Staying Great

A summary of one of our favourite blog posts from Ben Horowitz

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Ben Horowitz is an American businessman, investor, blogger, and author. He is a technology entrepreneur and co-founder of the prominant Silicon Valley venture capital firm Andreessen Horowitz along with Marc Andreessen.

We've picked out the most crucial points for you to enjoy.

  1. The Standard
  • Interviewing and reference checks don't guarantee a great executive
  • Cultivate a culture where actions matter, not just who the person is
  • Continuously adapt and raise standards as you learn more about the industry
  • Get leverage: If you're still handling tasks that an executive should be managing, they're not meeting the standard
  • CEOs have limited time for employee development; executives should be 99% ready to perform
  1. Setting the Standard: Avoiding Extremes
  • Don't evaluate an executive based on their job two years from now
  • Focus on their performance in the present
  1. Balancing Expectations and Loyalty
  • Communicate that roles will change as the company grows and employees must adapt
  • Evaluate executives on their new roles as the company evolves
  • Executives must transition from their old job to their new one as the company grows
  1. Loyalty to the Team
  • CEOs must prioritize the well-being of all employees, not just executives
  • Maintaining a world-class management team is essential for the success of the entire company

Ben Horowitz's "Staying Great" emphasizes the importance of maintaining high standards for executives while also recognizing the need to adapt as companies grow. By focusing on the present, managing expectations, and prioritizing the well-being of all employees, CEOs can successfully navigate the challenges of leadership in a growing organization.

You can read the full article here: https://a16z.com/2013/03/04/staying-great/