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Team Building

Act Like Big Business to Launch Startup Recruiting

262HAny solo founder who has tried to raise financing knows the conundrum: Investors want to invest in a team and recruits want to join investor-backed startups. It’s the classic chicken-and-egg problem. While this problem is peculiar to early-stage ventures, the solution may come from the Fortune 500.

In big business, experienced executives set strategy and their junior colleagues execute the tactics. There’s a clear division of labor. Founders of early-stage startups are indoctrinated to be “lean,” so the thought of recruiting multiple people to fulfill one particular role seems counterintuitive. We want to hire one rockstar with the experience to guide strategy and the time (and risk tolerance) to execute the tactics. If this is your strategy, I’d advise keeping your day job for now.