If, Why, and How Founders Should Hire a “Professional” CEO
Twenty years ago, the classic startup model was to have young founders start a breakthrough company, then bring in “grey hair” in the form of experienced executives once it was time to scale the business. Key examples included Cisco, Yahoo, eBay, Google, and many smaller companies. In the last decade, however, that common wisdom has shifted, at least for consumer internet companies. The new receiv
When Job-Creation Engines Stop at Just One (Published 2012)
Mike Farmer is C.E.O. of the start-up Leap2 and its only employee. He uses Skype to consult some of his part-time contractors.Credit...Steve Hebert for The New York Times KANSAS CITY, Kan. — When Mike Farmer started a digital search company in 2004, he had a staff of 10. Today, in his third start-up, he has one employee: himself, aided by seven contractors working more or less part time. His budge
Success of Crowdfunding Puts Pressure on Entrepreneurs (Published 2012)
Kickstarter’s booth at the XOXO tech conference. Kickstarter has helped about 30,000 projects raise money.Credit...Leah Nash for The New York Times PORTLAND, Ore. — An effort to build a sleek aluminum charging dock for the iPhone generated fervor online when it was announced last December. The project’s creators raised close to $1.5 million through Kickstarter, a crowdfunding Web site, and promise
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Reid Hoffman
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