Being realisticPosted: March 19, 2013
At a recent board meeting one of the key topics was hiring a senior technical person, probably CTO / VP engineering kind of calibre. The CEO and I were already in intense discussions around the profile, if we should maybe hire a search-firm, how she/he would fit in to our salary & shareholding structure, etc.
Another team member interrupted us and said something along the lines of “we still need to figure some things out, our cash situation is good but not great, no way will we right now attract someone like you two are thinking of. Lets just hire someone fast who can do the job well and see if we can hire a more senior person once we’re a bit further.”
It hurt a little but it was the right analysis of the situation. We were about to enter in to an epic waste of time and money.
I guess building a company is all about being unrealistic and really hiring the best people, no compromises. But sometimes you have to be realistic too.