Framework

Founder First, CEO Second

Steve's annual, public re-evaluation of his own fitness for the CEO seat.

How it works

  1. 1The founder role is broad direction, conviction, and where the company is charging.
  2. 2The CEO role is operating the machine, a separate skill that changes as the company changes.
  3. 3He publicly committed every year to re-evaluating whether he was still the right CEO for the next year.
  4. 4Self-assessment: strong CEO up to roughly $20 million in revenue, weaker past that, because org design and systematization weren't where his head naturally went.
  5. 5He didn't exit. He moved to Executive Chair and Chief Innovation Officer, with nobody reporting to him.

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