article thumbnail

4 Tips To Build A Deep Virtual Bench Of Talent

YoungUpstarts

days and data from DHI Hiring Indicators shows that the average job opening remained unfilled for 28.1 days in 2001-2003. Since implementing artificial intelligence into their recruiting process, Unilever saw the average time to hire an entry level candidate dramatically reduced from four months to four weeks.

article thumbnail

Is the Lean Startup Dead?

Steve Blank

He just hired Meg Whitman. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. It helped that in the nuclear winter that followed the crash, 2001 – 2004, startups and VCs were extremely risk averse and amenable to new ideas that reduced risk.

Lean 335
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

Securing two contracts with the Air Force allowed the company to keep 95 percent of its workforce and even hire 20 more employees and another dozen by 2010. In 2001, they secured their second SBA loan for the business. With the SBA’s help, however, Columbus was able to diversify its business.

Columbus 134
article thumbnail

Hazards of Hiring

www.ericsink.com

2004-07-08 15:59:32 Hazards of Hiring. Summary : Eric offers guidelines for handling tough hiring decisions in a small ISV. In the many e-mails I received about that column, one of the most common questions was why didnt I list any hiring mistakes. Ill start with four general guidelines for how to proceed with a hiring decision.

Hiring 40
article thumbnail

10 Entrepreneur Myths That Need Not Dilute Your Focus

Startup Professionals Musings

On the other hand, most people thought Segway was the next big thing back in 2001, as an electric “personal transporter,” but it has yet to find a foothold. Of course, you must hire the right people and really listen to them, but don’t expect them to do your job. Yet today, Twitter is a fifty billion behemoth, and MySpace is forgotten.

Dilution 428
article thumbnail

The @TWTFelipe Story – A Tale of US Visa Policy Gone Awry (#startupvisa)

Both Sides of the Table

He came to the United States in 2001 to study Software Engineering at Auburn University. By 2005 I had moved back to the US and we started hiring US employees (The first two employees we hired had both grown up in India! The world had just gone into crisis and I was in a period of reflection reminiscent of September 2001.

article thumbnail

Be Careful not to be Penny Wise, Pound Foolish

Both Sides of the Table

We went “nuclear&# and slimmed down to 33 people (yes, I know, still large by today’s standards but this was 2001), raised $10 million and we built a real company. I learned everything I know about startups in these lean years: 2001-2004. I have freed up so much of my time to focus on the important stuff.&#.

Warrant 333