LinkedIn CEO Jeff Weiner recently revealed a secret about ‘why so many founders struggle to scale their companies.’
Before 2009, Reid Hoffman had been working at LinkedIn as a temporary CEO, though he was a chief executive, but when Jeff joined as a CEO at LinkedIn, Hoffman took his previous position.
As an inspirational and effective leader Jeff has achieved a very good reputation at LinkedIn.
Recently, during a conversation Weiner pointed out a particular reason as to why founders sometimes struggle to scale their companies.
He said one key point is that most founders look at their staff to solve the problem instead of leading or coaching them to solve the problems. He also added that the founder has to direct the staff to solve their own problem, and train them to coach people to solve the problem, and this is the proper way to gain the scale.
Hoffman agreed with his advice saying that he knew that he wasn’t the right person to train people, he was always passionate about the product.
In 2013 when Hoffman decided to replace himself, he wrote a note that to become a successful growth stage CEO, a person needs to manage a thousand individual’s organization and he has to consume the majority of time with running meetings along with other business processes. He also mentioned that it is not enough that as a CEO you will speak at conferences or make the final call on the product, and rely on the mythical COO who will take care of all the dirty work and not take any credit.
In addition, Dan Nye joined as a CEO with LinkedIn at 2007 but he couldn’t stay longer when Hoffman found that the majority of Nye’s concentration was involved with the product process, that is why Hoffman took back the position of CEO until he found the person whom he was looking for.