614StartUps

Startup Finance

Rules for Startups Raising Capital in the Midwest

Tom Walker, Rev1 Ventures President and CEO Note: “Rules for Startups Raising Capital in the Midwest” is a multi-part Entrepreneur Toolkit series based on Rev1 Ventures Capital Access Learning Lab. We suggest you review all sections: Part 1 – Basic Information on

Startup Finance

Finding a CEO: Going Past the Resume

By Rodolfo Bellesi, Founder and Principal of Ikove Capital

There is a lot of emphasis put on building an impressive resume that showcases your education, skills, and previous positions. While a resume is a great way to view a person’s technical qualifications, it does not tell me all the information I need to know about you. When I’m looking for a potential CEO for a startup company, I do not solely look at applicant’s technical skills to determine if they are going to be a good fit. Choosing a CEO with prior experience may appear to be a sure thing and that the company would be destined for great success. However, a study published in MIT Sloan Management Review found that only 19.6 percent of Fortune 500 companies were ran by CEOs with previous executive experience. In fact, out those companies, the individuals who went from one CEO position to another performed worse than those who weren’t former CEOs!

Entrepreneurship

CEO as a Salesperson

By Rodolfo Bellesi, Founder and Principal at Ikove Capital

There can be a lot of volatility within a startup and it is crucial that there is a strong CEO in place who can bring the company stability. As I’ve mentioned in a previous blog post, “The Importance of an Inventor’s Role Within a Startup,” you often have to search for someone to take on the role of CEO, and this can be a challenging process. When I’m searching for a CEO to run a company, I’m looking for someone who has the characteristics of a good salesperson.

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