Who is responsible for creating a new venture and driving its early progress?

The founder is the individual primarily responsible for creating a new venture and steering its initial progression. This role entails not only the conception of the business idea but also the establishment of its foundational structure and culture. Founders are deeply involved in various aspects, including product development, market research, and initial customer engagement, often wearing multiple hats as they build the enterprise from the ground up.

Founders are typically driven by passion for their vision and a strong desire to solve a particular problem within the market. This commitment is crucial in the early stages of a startup, where challenges can be abundant and resources are often limited. Their vision and determination set the trajectory for the company's growth, making them pivotal figures in the journey of a new business.

While a CEO may take on leadership roles as the company grows, their primary responsibility often comes later when the operational needs and strategic direction of a more established business take precedence. Managers typically handle day-to-day operations rather than the broader vision and foundational tasks. Investors contribute capital and may provide guidance but do not operate the venture directly. Hence, the founder plays an essential and unique role in launching and propelling a new venture forward.