The Strategies of Elite CEOs with Avishai Abrahami (CEO & Co-Founder of Wix)

The NFX Podcast

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) (0:00) Introduction: Gigi Levy-Weiss and Avishai Abrahami (1:29) The Success Journey of Wix (5:14) Mechanisms for Success and Role of a Manager in a Startup (10:02) Talent Acquisition and HR Processes in Startups (16:17) The Evolution of Talent Requirements as the Company Grows (19:05) The Importance of Measuring Business KPIs (22:34) The Role of Failure and Experimentation in Startups (25:28) Efficient Meeting Management in Growing Companies (30:56) The Significance of Clear Communication and Transparency in a Company (40:27) Efficiency of Remote Work vs. Office Work in Startups (44:55) Closing thoughts: Winners always want the ball when the game is on the line