Larger than Life Science: Building the C-Suite hosted by LaunchBio

This special session will include practical information for founders on how to navigate legal and financial planning issues pre-exit. Join us for this special edition of Compensation Confidential highlighting national, regional and market-level data from the nation’s leading life science hubs, including our local region here in North Carolina.

PANEL 2: C-SUITE STRATEGY - GROWING YOUR EXECUTIVE TEAM

Wearing many hats comes with the territory when founding a life sciences company. Being the CEO, CSO, COO and CFO all at once and leveraging outside expertise when needed is a part of the gig. But there comes a point when you can’t do it all—when do you know when it’s time to grow your executive team? With salaries being one of the more expensive parts of a start-up and and the more difficult to cut, hiring too early on can add detrimental bloat to your fledgling venture. At the same time, holding on to the top spot for too long is the folly of many failed entrepreneurs. Building your C-suite is something that needs to be carefully considered, and timing is critical. It is essential to understand your capabilities as a leader and knowing what gaps need to be filled and having a hiring strategy from the onset can provide a framework for these important decisions.
 

Learn from leaders who have engaged with start-ups and seen the success and failures of countless companies on how to create a framework for growth and which inflection points in your company’s growth trajectory suggest it’s the right time to add to your executive team.