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Didn’t the rate of twin births go up in recent decades? Same sort of thing. Life too hard to face alone. Pair up.
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Seems like it may be replacing situations with founder CEO/experienced COO and/or experienced CEO / founder exec chairman. But the people have to be differentiated enough it’s super obvious who will own what.
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A VC partner I worked with used to tell: ā€œWhy are you co-CEOs? You don’t trust each other?ā€ And then pass.
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I feel like that many co-CEOs split responsibilities into vision/revenue and operations, which technically was achieved through CEO and COO. But co-CEO is more leveled. It also feels more like when a16z called every associate a partner modeled after CAA doing the same.
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