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by monero-xmr
1041 days ago
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There’s a lot of information missing. All of his problems were caused by VC? Why did he raise VC if he had 7 figure revenue? 5 years explained in 6 paragraphs. I agree that hiring bigco people for a startup is a mistake, but otherwise you can’t learn anything here. |
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You think you need to bring the tenured exec in with all of the industry contacts, but they are often a terrible cultural fit or experienced in the last iteration of your industry. They also want to hire under them rather than work the tools themselves and do this bait and switch after you’ve hired them.
You are then stuck with high salaries for ineffective people or an expensive and disruptive exit.
VCs also seem to push these people onto you as they think that is what constitutes a real company and/or they want a nice gig for their friends.