The CEO Baton Pass You Can’t Afford to Miss

Brace yourselves – the AI startup world just got SHAKEN. Hasan Sukkar, the visionary founder who built 11x from the ground up, just dropped a bombshell on LinkedIn: he’s passing the CEO torch to CTO Prabhav Jain.

“I love building from the ground up. It’s in my bones. But sometimes, loving your company means knowing when to pass the CEO baton for the next leg of the race.”

Hasan Sukkar, Founder of 11x

🔥 Why This Transition Matters

This isn’t just another executive shuffle – it’s a strategic masterstroke. Here’s what’s REALLY going down:

• The New Power Team: Sukkar moves to Non-Executive Chairman while Jain (former Brex exec and 3-time founder) takes the wheel
• Growth Phase Activated: 11x is evolving from single-product startup to full-scale platform
• Investor Confidence: a16z’s Joe Schmidt publicly doubled down on support, calling the team “world class”

⚡ The Backstory You Need to Know

This transition comes after some turbulent waters:

• March controversy about displayed customer logos
• Product challenges and retention struggles reported
• Reports of a demanding work culture

But here’s what the critics MISSED – 11x has:

• $70M+ in funding from heavyweights like Benchmark and a16z
• Sarah Tavel’s public vote of confidence as board member
• A clear evolution into a multi-product platform

“Our conviction in the team and the opportunity is stronger than ever.”

Sarah Tavel, Benchmark Partner

💡 The Big Picture

This isn’t retreat – it’s strategic repositioning. Sukkar is playing 4D chess:

• Founder stays engaged as Chairman
• Technical leader steps up as CEO
• Company prepares for next-level growth

The message is clear: 11x isn’t just surviving – it’s gearing up to DOMINATE. With $70M in fuel and this leadership realignment, the AI race just got more interesting.

Watch this space. The next chapter of 11x is about to be written – and it’s going to be EPIC.