Genuine VC

MAY 1, 2014

This funding will empower the company to hire more aggressively, expand internationally, and unveil some new products beyond its current core which will allow it to take an even bigger role in an industry in transition… more to come there before too long. Today BookBub is announcing its $3.8M Series A financing.

Cofounder 118

Cofounder Syndicate Syndication Social Network 118

Genuine VC

FEBRUARY 29, 2012

In fact, hiring is only done when it’s out of necessity. Having a place that a startup calls HQ (even if the majority of employees are physically present elsewhere) is a litmus test for VCs to gauge whether a founder wants to create a small profitable business or a truly transformative one.

Estonia 130

Estonia Startup Distribution Chicago 130

Genuine VC

JUNE 12, 2012

No one has ever been promoted onto the management team, only hired in from outside. We’ve been running at 20-30% attrition over the last 9 months. Our CEO is entirely dismissive that there could be any sort of attrition problem.

Vesting 112

Vesting Silicon Valley Startup New York 112

Genuine VC

FEBRUARY 29, 2012

In fact, hiring is only done when it’s out of necessity. Having a place that a startup calls HQ (even if the majority of employees are physically present elsewhere) is a litmus test for VCs to gauge whether a founder wants to create a small profitable business or a truly transformative one.

Estonia 100

Estonia Startup Distribution Chicago 100

Genuine VC

JULY 26, 2010

Without additional cash flow coming into the firm, Micro VCs lack the ability to hire associates or other support to provide leverage on deal sourcing, so they instinctively turn to their fellow firms. This situation is further exaggerated by the smaller funds they manage which result in less management fees.

Syndicate 128

Syndicate Syndication Due Diligence Seed Stage 128

Genuine VC

JUNE 28, 2011

Usually you’ve already made a selection of whatever type (hiring a new employee, deciding on a VC, choosing a new vendor), and then the next/final logical step in a “process” is to call a few people just to verify what you’ve already decided.

Due Diligence 159

Due Diligence Green Conversion Founder 159

Genuine VC

FEBRUARY 3, 2011

What I mean by this is that the startup is already on track, generating real revenue, rapidly growing (and hiring), and is clearly destined to be some type of success. It’s unclear if it’s going to be either a “win” or a “monster win”, but a reasonable outcome is reasonably assured.

Startup 241

Startup Later Stage Angel Financing Seed Stage 241

Genuine VC

FEBRUARY 9, 2011

Start-ups hire ahead of growth (or at least predicted growth), which translate into a viable company, a healthy work environment, and future internal opportunities. Employee count is the strongest (but not a perfect) proxy for management’s and investors’ outlook on the business.

Startup 146

Startup Burn Rate Technical Review Down Round 146

Genuine VC

MAY 20, 2013

The caveat here is for later-stage venture investments, the Founder/CEO role is sometimes seen by investors as a hired role which is currently being held by someone who has been there since inception but doesn’t need to persist indefinitely.)

Venture Capital 244

Venture Capital Cap Table Portfolio Early Stage 244

Genuine VC

OCTOBER 12, 2007

However, I think that the people often overlooked are those key first hires. Those first five to ten non-management hires in a startup help set the tone for how things get done and how people behave while they’re doing it. And they seem to receive a preponderance of the recognition for the ultimate success of an endeavor.

Employee 101

Employee Hiring Founder Management 101