Congratulations to
@descript's new CEO,
@burkenstocks!
And congratulations to me on my new role, executive chairman! If you haven't heard it, “executive” chairman is a title founders give themselves so they can still hang around the office and undermine their successor for a few years until they get listless and put themselves back in the job.
That’s a joke - at least in our case! As executive chairman, I won’t be in an operating role or be responsible for making decisions… I’ll just be around a little more than a normal board member - to be a sounding board to Laura, to provide historical context and continuity, to solemnly reflect on why no one actually wants to talk to me, etc.
Why the change?
The very short answer is that Laura is the better CEO for Descript.
The longer answer…
We’re at an exciting moment in Descript - $55M in ARR, growing 75% YoY (and accelerating!) - and we’re at the beginning of a transformative shift in the company with the launch of our AI video editing agent.
As the company gets to this scale, the nature of the CEO role changes. I’ve been through this before, so it’s not a surprise. And I’ve been transparent that, at some point, it would no longer be the job for me. I can work myself into a state of being excited about the role… but why bother when I’ve got someone on deck who will take to it like a fish to water?
Which brings us to Laura. Within weeks of becoming our head of product two years ago, I had Laura marked as my successor. She has these things that never occupy the same body: Incredible product judgment, keen business sense, S-tier communication and leadership skills, deeply principled, courageous, unshakable self-confidence — AND she’s a weirdo (I can’t imagine a better culture carrier than the namer of Underlord). I feel lucky to have had this opportunity to work alongside her and be someone she will mistake for having given her a career opportunity that she would have gotten anyway.
So once again, congratulations to Laura - and to Descript! May you win at business with grace and magnanimity!
Note: I posted this already on LinkedIn. Is that ok? Did I do it alright? Sorry if you read it in two places, it's exactly the same.