Position
Chief Executive Officer
Company
Lex
New YorkDescription
Lex, the queer social app, raises $5.6 million in seed funding and appoints Jennifer Lewis as the new CEO. The app’s recent redesign broadens its focus to be a comprehensive social platform for the LGBTQIA+ community. Lex’s monetization approach aims to meet the specific needs of its user base, deviating from traditional ad-based social models.
Executive Insights
Based on hiring dataNew executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months