One of the main perks he mentioned about the difference in role was "I can focus on product."
It's great to have a team makeup where the CEO doesn't have to focus on product (and an ex-CEO does). Fred Wilson says the three things a CEO should focus on are:
- sets the overall vision and strategy of the company communicates it to all stakeholders
- recruits, hires, and retains the very best talent
- makes sure there is always enough cash in the bank
Product isn't one of these things - and it shouldn't be. In the early days of a startup however, there is every reason for a CEO to have huge impact and vision for the product.
But not every company can afford to have an ex-CEO be solely focused on product. It's awesome thing to have if you can though.