I’ve had a post in my head for months – maybe longer – about the role of a CEO. It originally appeared on TechCrunch as a guest post but just in case you missed it there. My primary role was “chief psychologist” and as I’ve learned over the past few years the same has been true as a VC. Both are basically people businesses.

I finally got around to writing it having read Fred Wilson’s post about what a CEO does. He says it basically comes down to three key functions:

Sets the overall vision and strategy of the company and communicates it to all stakeholders
Recruits, hires, and retains the very best talent for the company.
Makes sure there is always enough cash in the bank.

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