CONNECT WITH US
Social Media

Social Media

The Startup Hiring Mistake That Looks Like a Win

Entrepreneur — Social Media logo

Published on

Add as a preferred source on Google
The Startup Hiring Mistake That Looks Like a Win

A senior marketing hire can look like proof you’ve made it, when it’s really proof you’ve moved faster than your company can support.

In July, WHOOP hired Dirk-Jan van Hameren, Nike’s former chief marketing officer, to run marketing for the wearable-tech company. On paper, it looked like a typical senior marketing hire. In practice, van Hameren walked into a company that had just closed a $575 million funding round at a $10.1 billion valuation, crossed 3 million members and was already cash-flow positive.

He didn’t build a marketing function. He inherited one: a 65-person team already in place, reporting directly to him from day one.

That’s the part founders miss when they look at a hire like this and think, “We’re ready for that, too.” I’ve spent years placing marketing talent inside growth-stage companies, and the mistake I see most often is making a senior hire before the infrastructure exists to support it.

Here’s how to tell whether your company is actually ready to hire a marketing VP or CMO, and what to do if it isn’t yet:

These signs usually mean the infrastructure isn’t there yet for a VP or CMO, even if the ambition is: There’s no repeatable way leads or customers come in yet, the marketing budget depends on whoever’s cheapest that quarter rather than what’s working, and no one on the team could tell you which channel actually drives revenue.

I worked with one founder who got excited about a strong résumé, made the hire and then wondered, six months in, why nothing had changed.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.