When is it best for a founder CEO to hand over the reigns?
This morning Peloton announced John Foley’s departure as well as some very painful changes to its workforce (2,800 job cuts). He co-founded the company 10 years ago and led it through incredible peaks and valleys.
On the topic of leadership and knowing when to step aside, here’s a gem of an interview with Naval Ravikant. A few months ago, he sat down for a 20-minute conversation recounting the founding of AngelList and how he decided to step away from the CEO role.
Like any content from Naval, this is packed with personal experiences and insight.