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

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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
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Isha HR Conclave 2018: Human is not a resource: A 3-day business enclave to rethink and re-imagine HR - June 8-10

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UK opens up thousands of visa slots to IT professionals, engineers, teachers

The UK government has tabled changes to its immigration policy, which is also likely to ease the visa regime for businesses who want to hire foreign talent.



Today's TradeBriefs Cartoon

Infosys plans to expand Pune campus to 35000 seats

The EAC put up a condition that Rs 3.45 Crore shall be earmarked under Corporate Environment Responsibility (CER) for the activities such as Education facilities etc.

Three steps to consider before migrating Finance amp; HR to the Cloud

The roles of HR and finance have always been intertwined, but today they are truly converging.

Why you should work at a startup in your early 20s

Each choice offers pros and cons, and as though to complicate these options further, another proposition has sprung up – beginning a career in a startup, an option that appears especially promising for India-based professionals in their 20’s.

MobiKwik invests in Pivotchain for fintech offerings

Mobile wallet company MobiKwik today said it has invested Rs 2 crore in Pune-based data science company, Pivotchain Solutions. The investment will strengthen Mobikwik’s fintech offerings, the company

Need to collaborate with UK, Japan, Germany in artificial intelligence: Report

According to Assocham, setting up digital data banks and exchanges to stream-in information from across industries, will help create an enabling environment for AI-led growth.

IBM sees clients building own internal technology skills

But as digital technologies begin to upend business models, companies want more control over what was previously considered ‘non-core. IBM said the new paradigm was an opportunity.

Start-ups on wish list of fresh techies

Around 700 BTech and MTech passouts received their degrees at the annual convocation of the National Institute of Technology (NIT) Patna on Sunday. Most had been placed in companies with hefty pay packages, while others planned to pursue higher education from premier institutions.

IT, pharma firms' operating margins drop the most in Q4

IT, pharma firms' operating margins drop the most in Q4 - While most of the firms reported in-line operating margins in the last quarter, only a few companies saw any major improvement

Tata, buy-buy: TCS to buy back Rs 16000 crore shares again

Peers may follow suit; IT co to repurchase stock for 2nd year in a row, pay 15% premium.

Bengaluru software engineer rides horse on last day of office to promote 'veganism'; Tweeple were not impressed

It did not take long for people on social media to notice the interesting way Verma found to reach his office. Later on, a video of the same was also posted online.

Lithium ion tech to power Isro's upcoming rockets

India News: THIRUVANANTHAPURAM: Apart from propelling rockets as a power source including upcoming launches with space grade lithium ion batteries, Isro's Vikram .

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