Earlier quoted context omitted.
> So you think coding is not high leverage on a tech company. At the CTO level of a growing company it is one of the lower leverage things they can do. Setting technical direction, hiring the right people, and putting the right people in positions of power will all have much more impact than writing some code on the weekend.
You’re wrong man. These things you mentioned happen rarely, it’s not what you do day to day. If you don’t do some high value coding you have no clue how to steer a tech company at a technical level.
I don't know about that. I was a "CTO" for a small (10-person) and a slightly larger (around 100-person) VC-backed startup. Hiring was always top of mind at both places. Not even "people management", just hiring alone. I'm not saying this universal, but when a company is expected to scale rapidly (as is often the case with venture-backed firms), managing people can easily consume your entire workday even at a relatively small size company.
Of course, I'm not saying that's everyone's experience. There are obviously lots of reasons that dynamic might be different: For example if you're not a VC-backed company, or a CTO who's a world-renowned technical expert in a particular field (nobody's bringing Ilya on board for his ability to hire).
But it's very, very easy for people management to be a day-to-day thing and I don't think it's a waste of time compared to direct contributions.