Fundraising is not a CEO's endgame, but it's very similar to the day-to-day of CEO work: promoting the company to others; being the public face; communicating clearly, concisely, and effectively; making sure that the company 'works' in all the ways that matter.

All of these are 'soft skill' competencies that hackers tend to downplay. But you need someone who can do this and do it well.

I don't downplay the importance of those skills, but are they essential to all CEOs? Does every company need a public face? Absolutely not, at least not for startups, depending on your core competencies and what makes you a good CEO, the public facing stuff to the extent that it is necessary in any given company can be delegated.