The role of the Virtual CEO is peculiar to Komisar and his own strengths and weaknesses. It was created as a way to bring together his diverse experiences in some kind of a flexible role that includes helping to guide emerging leaders and nurture emerging companies.
Randy Komisar answers questions on Entrepreneurship for Stanford University students, part of the Entrepreneurial Thought Leader Speaker Series, on April 28, 2004. Randy Komisar, a partner at Kleiner Perkins Caufield and Byers, explains his title of Virtual CEO, which does not have a specific meaning. It is extremely adaptive and evolves to his changing roles. The purpose of the title was to provide a sort of identity on a business card that he could point at and say "this is what I do."