Teaching Startup: One Bad Early Hire Can Kill a Startup

It Comes Down to Managing Expectations and Staying Agile

6.19.17

I kicked off a program at Teaching Startup called the Summer of Startup. Every day in June and July, Teaching Startup is posting new educational and motivational content to make entrepreneurs better entrepreneurs.

Two years ago, an entrepreneur came to me with a dilemma. She had been approached by another entrepreneur who was being forced to wind down his own fledgling startup as his funding dried up. He was a one-person shop, he had made a decent run of it, but time was up.

Now he wanted to go to work for her.

I walked her through the dilemma. The guy had great tech and had been able to do a lot in a short amount of time with limited funds and resources. His was a tragic and all-too-common story. He raised a small seed round, crushed his milestones, a lot of investors were saying "maybe," and he just ran out of runway.

Happens.

So I asked her: Where's the dilemma? He didn't want a lot of money or equity. He wasn't looking for a specific role, but he came with ideas. He had connections, experience, and he filled a gap in a place she wasn't super strong. He came with zero baggage. He wasn't a jerk, no blemishes on his personal record.

She then explained, in a long, roundabout way, that he didn't fit the plan.

read the rest at: http://teachingstartup.com/one-bad-early-hire-can-kill-a-startup.asp




Let me know what you thought about this article, good or bad.

Your Email Address

Leave it blank to be anonymous



Your Thoughts?





Why That Startup Side Project Is So Important
I realize how cool it is that I'm in a position where I can be so open about my side project(s) at any given time.

The Startup Show: Doing Startup With Zero Ideas
The latest episode of The Startup Show is the first in which we take an actual member question from our Talk board.

An uncomfortable but necessary discussion: The Startup Show talks sexual harassment
In Episode 5.2 of The Startup Show, we talk about sexual harassment in startup culture.

Introducing a New Re-Branded, Re-Imagined Startup Show
I don't want The Startup Show or Teaching Startup itself to be a local thing.

NLG: The Secret Weapon in the War Between Financial Managers and Robo-Advisors
What the professional financial managers tend to miss is that the human touch, so often lauded as their unique differentiator, isn't as human as it used to be.