The NFX Podcast
We believe creating something of true significance starts with seeing things others do not. NFX is a venture firm exclusively focused on pre-seed & seed stage startups.
The Strategies of Elite CEOs with Avishai Abrahami (CEO & Co-Founder of Wix)
The transition from Founder to CEO is a watershed moment in your company, and in your life. A great Founder creates something from nothing. A great CEO takes the next step, and builds mechanisms of success. They turn that vision into a well-functioning machine. Becoming a great CEO is a matter of tactics and personal growth. Today, NFX General Partner Gigi Levy-Weiss reveals how to get there, with special guest Avishai Abrahami, the founder of Wix. Avishai built Wix into a company of about 5,000 people, with 1.4 billion in revenue. They’ll cover how Founders can become great CEOs, measurements that most startups miss, the difference between good failure and bad failure, and more. (edited)
Key Points
- Founders should focus on building mechanisms that hire good people, create effective marketing, and develop products, transitioning from doing tasks themselves to ensuring there's a framework in place for these functions.
- Transparency and measuring everything are crucial, as unmeasured work is considered undone, and allowing for failure is important, but there's a distinction between failing due to incorrect assumptions and failing due to poor execution.
- For startups, insisting on in-office work is crucial for creating company culture, language, and innovation, and remote work should be approached with caution as it can lead to decreased productivity and loss of valuable collaborative moments.
Chapters
| 0:00 | |
| 1:29 | |
| 5:14 | |
| 10:02 | |
| 16:17 | |
| 19:05 | |
| 22:34 | |
| 25:28 | |
| 30:56 | |
| 40:27 | |
| 44:55 |
Transcript
Loading transcript...
- / -