advertisement advertisement advertisement Editor’s Note: Each week Maynard Webb, former CEO of LiveOps and the former COO of eBay, will offer candid, practical, and sometimes surprising advice to entrepreneurs and founders. To submit a question, write to Webb at [email protected] advertisement advertisement Q. We have a healthy company and are at about $60 million in revenue. Now I need a strong No. 2 to manage our current business, while I work on our next legs of growth, which includes a geographic expansion. Should I hire a chief operating officer, and if I do, how can I work with that person? What advice do you have about how to make this relationship most successful? —Founder of a later-stage private company Dear Founder, I applaud you for thinking carefully about this next phase. You are right: in order to become a bigger, and one day even a publicly traded, company you will need to focus on this kind of expansion. I think that what you are talking about, and looking for, is two different jobs. A COO could be the right hire to help manage the current business and there should be a different person who can help you expand internationally. That would also free… Read full this story
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