The next hire (the one that is most important)

Who a startup hires after its initial founders says a lot about the company and its future. While the initial founders of a company are generally very impressive, the next few hires are the critical people that make good ideas become great ideas. 

Why Next Hires Are Important

•    They lend credibility to the vision
Rockstar subsequent hires help validate an idea. Just like there is no movement without a first follower, there is no great company if rockstars can’t be convinced to join the cause.

•    They make it easier to raise funding
Because next hires add credibility to a company’s mission, they make it easier to attract and raise funding. In turn, this puts the company one step closer to realizing their vision. When I personally decide whether or not to invest in a company, my investment criteria is simple: if this were my company, would I hire the same people? If yes, I invest. If no, I flee.

•    They set the direction of the company’s trajectory
Are the initial hires well-known big shots? That usually means the company is setting itself up for a sale and looking to make a big PR splash and flip.  Paradoxically, if they are recruiting the best talent right out of university, that might mean they are looking to build a more lasting company to attempt to take over the world.

•    They set the tone of upcoming hires and attract more talent

The saying that people are the most important assets of any company is especially true for startups –beyond the talent, there isn’t much else. That’s why next high profile next hires are so critical. They not only raise the bar of future hires, they also attract more rockstars. And together, these people determine the fledgling company’s ability to innovate, navigate roadblocks, seize opportunities, and grow.

2 thoughts on “The next hire (the one that is most important)

  1. Paul Hughes

    I have not worked for a start-up before, but all the concepts make total sense. You are a reflection of the people you hang out with and what other ways to judge you and your performance but by the people you hire and the talent you’re able to attract. If you can convince great talent to work for you then hence you must be a great leader.
    When I’m ready to take my ideas and open a company, the first thing I’m going to do is try to recruit the best talent, possibly better talent than myself =)

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s