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> While Conrad had planned to hire 20 sales reps by the end of 2014, Dalgaard said the target should be five times that. “You guys gotta get your heads out of y
by leroy_masochist 11y ago
> While Conrad had planned to hire 20 sales reps by the end of 2014, Dalgaard said the target should be five times that. “You guys gotta get your heads out of your asses, start focusing on going big here,” Dalgaard said, according to Conrad. Conrad and Dalgaard would later clash, with the investor pushing the CEO to stop hiring altogether in the summer of 2015, a person familiar with the matter said. Dalgaard also urged Conrad to run audits, conduct an employee survey, hire more top executives, and expand the board — all things that Conrad resisted, this person said.
Hmmmm, "a person familiar with the matter" sure makes it sound like Dalgaard was doing everything in his power to encourage Conrad to act responsibly. I wonder who this person could possibly be and whether they have a personal agenda of some sort.
Does it strike anyone else as maybe a little bit irresponsible that a partner at one of the world's preeminent VC firms would pressure a founder-CEO to hire as aggressively as possible and shortly thereafter castigate said founder-CEO for their company exhibiting all the telltale signs of hiring too quickly?