Jun 4, 2018 - 'IT industry's hierarchy will change as skills matter over scale'

TradeBriefs Newsletter
View online   Advertise
              from India Software






Steve Blank From the Editor's Desk

Why Successful Startups Stumble at 40+ Employees- Steve Blank
Last week I got a call from Patrick an ex-student I hadn't heard from for 8 years. He was now the CEO of a company and wanted to talk about what he admitted was a "first world" problem. Over breakfast he got me up to date on his life since school (two non-CEO roles in startups,) but he wanted to talk about his third startup -- the one he and two co-founders had started. "We're at 70 people, and we'll do $40 million in revenue this year and should get to cash flow breakeven this quarter." It sounded like he was living the dream. I was trying to figure out why we were meeting. But then he told me all about the tough decisions, the pivots and how he had to fire his best friend he had to do to get to where he was. He had been through heck and back. "I made it this far," he said, "and my board agreed they'd bet on me to take it to scale. I'm going to double my headcount in the next 3 quarters. The problem is where's the playbook? There were plenty of books for what to do as a startup, and lots of advice of what to do if I was running a large public company, but there's nothing that describes how to deal with the issues of growing a company. I feel like I'm just driving without a roadmap. What should I be reading/doing?"

Continued here

Advertisers of the day
EuroKids: Start your own pre-school
Isha HR Conclave 2018: Human is not a resource: A 3-day business enclave to rethink and re-imagine HR - June 8-10

Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails.

Slowing spends cast shadow on India's IT services industry, says Gartner

IT services market globally to cross $1 trillion in 2019, but growth rate to slow to 4.7%, says Gartner



Today's TradeBriefs Cartoon

Closely engaged with Trump administration, says India as US plans major changes in H-1B visas

India News: Washington has said that it is planning to "revise" the definition of employment and speciality occupations under the H-1B visas by January. The techn

Bright side of data: How data can help India govern better

Data, if analysed properly, can aid policy reform, healthcare, public sector

Ramco Systems bags order from Airbus Helicopters

Cloud software company Ramco Systems has bagged an order from Airbus Helicopters SAS to develop software for fleet maintenance and engineering.City-based Ramco Systems would develop a management infor

Why Reliance Industries decided to pick stake in SkyTran

Partnership with SkyTran would help RIL continue to achieve its aim of investing in future technology and making its business future relevant in a fast changing world

US move to abolish H-4 visas set to impact Indians

Abandoning the Obama-era rule of granting work permits to H-4 visa holders - who are spouses of professionals holding H-1B visas, mostly Indians - will benefit some US workers, the Department of Homel

OYO expands international presence; forays into Indonesia

Hospitality firm OYO on Thursday said it has forayed into Indonesia and also confirmed an investment of over $ 100 million in the country as part of its expansion in Southeast Asia. Starting operation

Startups start hiring top talent again, but with caution

Startups are taking more time to hire CTOs and product leaders and are ready to give them more stock in the company to prevent the debacle of 2015

Icertis doubles down on APAC business driven by India; to scale revenues to 20% in 3-5 years

The firm which counts IT giants like Infosys, Wipro, Genpact, Cognizant as also Lupin and Mindtree amongst its clients in India is looking to widen its clientele in the country.

NITI Aayog's dream of a $10-trillion Indian economy by 2032 pared to half

An HSBC report estimates that the size of China's economy by 2030 will be $20 trillion bigger than India's, and Bangladesh will record the highest GDP growth rate

Steel plant equipment makers, global tech providers set to sign $5 billion deals

The move is aimed at enhancing domestic capacity in capital goods manufacturing for the steel sector and promote the Make in India initiative.

State governments warm up to startups, award public contracts and partnerships

In 2016, the central government exempted startups from needing prior experience while applying for public procurement contracts. Two years down the line, several state governments are doing their bit ...

TradeBriefs Publications are read by over 10,00,000 Industry Executives
About Us  |  Advertise Privacy Policy    

You are receiving this mail because of your subscription with TradeBriefs.
Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India