Securing capital, balancing the need to innovate with limited resources, managing rapid growth while maintaining quality and efficiency are a few of the top struggles facing startup leaders.
Aside from these common challenges, investors can place various demands on startup founders adding to the pressure to succeed.
Some of these demands are to achieve milestones promptly, as well as exhibit scalable business models and growth strategies to facilitate rapid expansion.
In the startup culture, it is common to fall into a harmful pattern of constantly “putting out fires”. This leads to short term reactive management versus strategic planning for sustained growth.
No matter how deep the talents of the founding team are, there comes a time to acquire elite-level executive skills that can raise the organization to the next level.
The endgame usually being a successful exit, whether through acquisition, IPO, or other means, for all stakeholders.
If that endgame is perceived as in jeopardy, then changes in management are sure to follow.
JP Boyle & Associates serves tech startup clients who look for proven executives who bring crucial expertise that will make a material difference.
Startups can be at various stages of their development such as pre-product, pre-revenue, or commercial launch stages.
Each stage of startup growth has different requirements for leadership personnel.
These firms may need a C-level executive with proven fund raising and investor relations talents. A mid-stage startup may be in search of operational skills to organize for growth and scalability.
A late-stage startup may be launching into the marketplace for the first time and need commercialization expertise that can drive revenue.
Providing our clients with access to the largest qualified pool of relevant executive candidates who align to each of these stages is what we have been doing for startup companies since 2000.
We offer stakeholders, investors, and senior executives with a comprehensive end-to-end executive search service. We work with you to identify your critical path to success and what talent is required to reach your goals.
To be successful hiring elite-level candidates with the experience and skills that will make an impact, it is essential to craft a unique narrative that attracts the passive candidate market.
We work with you on developing the messaging that will resonate with your target audience to attract them to what you offer.
As your advocate we undertake a thorough and intense outreach process to engage top talent in conversation about your opportunity. This ensures that you are choosing from the largest qualified and eager candidate pool available.
Situation:
A Medical Device company in start-up phase was struggling to get their proprietary technology products through the design/development process causing a slump in morale. People began to leave in the absence of R&D leadership and investors wer becoming anxious.
Action:
We set out understand exactly the barriers to getting products pushed through the development pipeline to a full commercialization.
A new set of technical and management skills were needed in order to more efficiently focus and coordinate resources.
Central to the hiring profile were leadership and charisma, to energize the technical team, boost morale through successes and get the product commercialization pipeline flowing again.
Results:
After an executive search was initiated, a finalist emerged who personified the leadership and charisma to turn the area around.
Very rapidly, design controls and quality systems were restructured.
The tide of employees leaving for other companies was stemmed; investor confidence was renewed resulting in an 8-figure cash infusion and ultimately, an initial public offering.
Count on us to support you in recruiting adept leaders who understand how to overcome the unpredictable obstacles to innovation and market expansion encountered by technology startups
