May 10, 2018 - Facebook makes major management rejig

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Marc Andreessen From the Editor's Desk

Marc Andreessen on hiring, managing, promoting and firing (startup) executives
Startups, particularly well-funded startups, often hire executives too early. Particularly before a startup has achieved product/market fit, it is often better to have a highly motivated manager or director running a function than an executive. Hiring an executive too quickly can lead to someone who is really expensive, sitting there in the middle of the room, doing very little. Not good for the executive, not good for the rest of the team, not good for the burn rate, and not good for the company. Hire an executive only when it's clear that you need one: when an organization needs to get built; when hiring needs to accelerate; when you need more processes and structure and rigor to how you do things.

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Today's TradeBriefs Cartoon

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