[HN Gopher] Ask HN: How to hire a leadership team to take over s...
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Ask HN: How to hire a leadership team to take over startup?
TLDR; I run a bootstrapped and profitable high margin business and
need help hiring a leadership team that can run the company with us
remotely. My two co-founders and I started the company 5 years ago
and have grown a handful of products into sizable businesses. We
operate in the word game vertical with a few exceptions. Users find
us mainly through organic search and we monetize through display
ads. We serve more than 20M users and 200M page views monthly and
generate a yearly revenue of ~$5M. We had several opportunities to
sell the business but so far we are confident that we can grow the
business beyond the current valuation. Hence, we are looking to
hire a leadership team who can execute the growth vision of the
company together with us. Specifically, we think that we need to
first hire a Product Owner (PM), a Tech Lead (CTO) and a Data
Analyst (Data Lead) in the first batch that will make the three of
us replaceable and can continue the expansion of the team. We have
a few talented people in our team already (developers, SEOs, COO)
and a couple of incredible partnerships with third parties, but we
are clearly in need of tech minded leaders who can tie everything
together. I have no experience with hiring at this calibre so my
question is how to best approach this? Are there agencies who can
help put together a team to help us run the company? Where and how
do I find the right type of individuals who are up for the task? I
should clarify the stack we run on: Vue/Nuxt and RoR, heavy lifting
done by GoLang, Tailwind and Bootstrap for styling. Hosting on
Fly.io, Heroku, AWS, Elastic. We also use Github, Jira, Figma and
GCP (Bigquery) for our data needs. Lots and lots of SEO tools and
scripts to stay relevant. We are willing to reinvest significantly
in salaries and growth but I find that hiring requires a lot of
time which I currently don't have. Any leads or suggestions would
be very helpful.
Author : meinstream
Score : 10 points
Date : 2022-09-03 19:57 UTC (3 hours ago)
| moralestapia wrote:
| Send me an email (check profile), I've been doing a lot of that
| for the past 20 years. We'll figure something out.
| pkrotich wrote:
| I'm on the path you're on - bootstrapped and starting to look at
| potential exit strategies. I truly hate the people management
| aspect of running a business and I've thought about replacing
| myself as the CEO several times - but finding someone who can
| truly buy into your mission and vision, and also execute on it
| without you having to micromanage would be ideal but incredibly
| risky and hard.
|
| Perhaps partnering with a private-equity investment firm will
| allow you to offload the management part (that's what they
| specialize on) and also extract the value or rather allow you and
| your cofounders to take something off the table.
| meinstream wrote:
| How would you find an equity investment firm that is
| interested?
| pkrotich wrote:
| Updated my post to clarify that I meant private equity firms.
|
| In my case, I have them reaching out due to visibility of my
| company / project in space of high interest. But I'm sure
| there are sites / services that play matchmaking.
|
| Just be warned that it can be a total waste of time having
| conversations with junior analysts of such firms - they
| mostly harvest information for the partners.
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