Growing Pains: The 5-50 Journey of Startups Sanjay Mehta
An Exciting Time… <ul><li>Breaking out from that garage, finally.. </li></ul><ul><li>Beyond the cozy comfort of the 5 foun...
First..all the WRONG reasons! <ul><li>Because you raised some angel funds and you don’t know where else to spend </li></ul...
The Right Reasons… <ul><li>Business is growing, people are required </li></ul><ul><li>You only have 24 hours in your day <...
Kind of team you need.. <ul><li>Your hire need not be the brightest / best (not the dumbest and cheapest either!!) </li></...
Other Hiring Issues <ul><li>Outsourcing vs Hiring </li></ul><ul><li>4 to 49 direct reportees??! Go beyond just a battery o...
What the employee’s looking for <ul><li>What’s the key concern? Stability! </li></ul><ul><li>Having fun vs Getting bored <...
Some very critical factors <ul><li>Salaries need to be paid on time! </li></ul><ul><li>Incentives to be paid without askin...
Thank you…  Speaking of hiring, we are..!! Social Media careers anyone?  Write in to  [email_address]    Sanjay Mehta Jt....
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Talk putting core team in place by sanjay mehta

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Talk putting core team in place by sanjay mehta

  1. 1. Growing Pains: The 5-50 Journey of Startups Sanjay Mehta
  2. 2. An Exciting Time… <ul><li>Breaking out from that garage, finally.. </li></ul><ul><li>Beyond the cozy comfort of the 5 founders and their man-Friday.. </li></ul><ul><li>But a little awkward too.. </li></ul><ul><li>Beyond the comfort zone now.. </li></ul><ul><li>Never sure if you are doing the right thing.. </li></ul><ul><li>Sounds like adolescence? Yes, there are similarities  </li></ul>
  3. 3. First..all the WRONG reasons! <ul><li>Because you raised some angel funds and you don’t know where else to spend </li></ul><ul><li>Because your competitors are ‘bigger’ </li></ul><ul><li>Because you want to keep a good bench for work that may come in later </li></ul><ul><li>Because you want specialists for all jobs: Chief Mail Delivery Clerk, Chief Tea Fetching Officer, etc.! </li></ul><ul><li>Because you are missing your golf games </li></ul>
  4. 4. The Right Reasons… <ul><li>Business is growing, people are required </li></ul><ul><li>You only have 24 hours in your day </li></ul><ul><li>You don’t want to be the venture’s bottleneck </li></ul><ul><li>There is a window of opportunity, you can’t wait and watch </li></ul><ul><li>A bench WILL be useful </li></ul><ul><li>Cash flows available to support the growth </li></ul><ul><li>Nothing ventured, nothing gained!! </li></ul>
  5. 5. Kind of team you need.. <ul><li>Your hire need not be the brightest / best (not the dumbest and cheapest either!!) </li></ul><ul><li>Cultural fit is far more important </li></ul><ul><li>These are missionary times! </li></ul><ul><li>It’s a journey with unknown destination; take those who will be good co-passengers, not just destination focused </li></ul><ul><li>Mismatch can be the biggest disaster </li></ul><ul><li>Entrepreneurial mindset is a huge plus </li></ul>
  6. 6. Other Hiring Issues <ul><li>Outsourcing vs Hiring </li></ul><ul><li>4 to 49 direct reportees??! Go beyond just a battery of soldiers </li></ul><ul><li>Key recruits – almost like founders; take your time in bringing them in </li></ul><ul><li>Go after the right person, if you need to </li></ul><ul><li>Remember, you are not stopping at 50 – are you building the foundation for 500? </li></ul>
  7. 7. What the employee’s looking for <ul><li>What’s the key concern? Stability! </li></ul><ul><li>Having fun vs Getting bored </li></ul><ul><li>Building a business vs a piece of code </li></ul><ul><li>Show that bigger picture time and again </li></ul><ul><li>Salary and perks unlikely to be the draw, ESOPs may have no value at that point – revenue share or similar incentives help </li></ul><ul><li>Induction of managers, team very critical </li></ul>
  8. 8. Some very critical factors <ul><li>Salaries need to be paid on time! </li></ul><ul><li>Incentives to be paid without asking </li></ul><ul><li>Entrepreneur / founder remains accessible </li></ul><ul><li>Do not lose your early flock, as far as possible </li></ul><ul><li>Keep sharing good news – tone down bad! </li></ul><ul><li>“We shall make it” – reinforce the idea </li></ul><ul><li>Celebrate successes, small ones as well </li></ul>
  9. 9. Thank you… Speaking of hiring, we are..!! Social Media careers anyone? Write in to [email_address]  Sanjay Mehta Jt. CEO, Social Wavelength Twitter: @sm63

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