The CEO of a Cork start-up has announced that he will be stepping down from “the day to day goings on” at the company.
DC Cahalane announced this evening that after four and a half years, he is stepping down from his role at Republic of Work “to selfishly focus on myself for a change”.
Mr Cahalane said that he feels that “now is the right time as Covid-19 provided a bit of a reset for us in terms of business focus and even some physical changes to our setup”.
“We’ve been joking lately that it's ROW 2.0 and it really does feel like that to me so over the last few weeks it became clearer and clearer that this was a good time for change.
“Republic of Work will always be my baby so it will continue to have my full support behind the scenes and whenever it needs me. Until it gets to those difficult teenage years.
“When it turns 18, it’s on its own. This would be a much harder decision if I wasn’t leaving things in such brilliant hands.
“General Manager Frank Brennan, who does most of the hard work anyways will be stepping up to the plate and along with the brilliant team will be looking after everything day to day going forward. Reach out to me if you need an intro to Frank or need connecting to any of the team,” he said.
He said that Covid-19 allowed him to take stock of things and look at where he is in his personal life which ultimately led to his decision.
He said that although being involved in startups is “amazing” and that “everyday is an adrenaline high”, that there are also a million challenges to fix and that it is not great for work-life balance.
“I’ve been really lucky across my career to work with entrepreneurs who often make it look so easy. I’ve been on a 12 to 13 year startup rollercoaster now and some point the vertigo starts to affect you.
“Honestly, for me it hasn’t been all that easy and the last four years have been the toughest of my life, personally. But I’m so proud of what we’ve built at Republic of Work. It has been a huge team effort to build something that’s gone so far beyond my initial ideas and really exceeded all expectations,” he said.
Mr Cahalane thanked everyone he has been in contact with over the past few weeks, in particular business partners Dave Ronayne and Dan Kiely and also thanked everyone who has supported Republic of Work.
He said that he truly believes that spaces such as Republic of Work “are about to enter a really exciting time where they’ll become the backbone infrastructure for companies of all sizes, looking for a more flexible friendly style of work for employees” and that for Republic of Work, “this is only getting started”.