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7.3 Hiring Your Executive Team
“As hire As. Bs hire Cs.”
People, people, and more people. More than anything else, the hiring of
your executive team will decide the ultimate fate of your company. In the
author’s experience, at the Board level (during our formative years), we spent
more time dealing with executive team “issues” than any other subject.
In their executive team, entrepreneurs should select people whose talents are
recognizably complementary to their own weaknesses. To select the optimal
executive team, start by objectively understanding yourself, what you know, and
what your weakest areas of expertise are. This is easier said than done because
self-criticism is as rare as rain in the desert, particularly after you have climbed
to the top of the ladder by talent, perseverance, and guts (Figure7.3).
In hiring your executive team, you will need to decide between a hetero-
geneous and a homogenous group.
The members of a heterogeneous executive team are diverse in terms of
their abilities and experiences.
In contrast, the members of a homogeneous executive team are similar to
one another in terms of their abilities and experiences.
Your Startup Executive Team
Setup for success Morale-building High standards Meritocracy
Figure 7.3 Your startup executive team—Select executives with complementary
skills to yours.