According to Komisar, he provides the biggest value to companies at the beginning, and his value diminishes as the company grows and becomes more operational. He initially focuses on helping companies develop an overall strategy and business plan at a conceptual level. As the company evolves, he becomes more of the problem solver, rather than the generalist.
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."