Tuesday, April 28, 2009

What is a Start-up friendly?

Hi all, Yipe. This is Raymond To and I am honored that Florence has asked me to break the champagne on her boat called PeerFX. The last 6 months have been fun working with her and Julien,the other significant part of the team...and this is a great launching topic I want to share with those of you who want to consider working for a start-up. In my 17 years of recruiting and HR consulting, there is only 1 thing that makes any start-up work and that is "you gotta believe". I am not saying the drink the koolaid kind of belief but one based on research, creativity and follow-through.I am biaised in that most of my clients are start-ups but I really like working for them because the people who work there are in it to change the world! How cool is that? We all have limited time on this earth so why not maximize it by investing your time in changing the world?Another insight I would like to share is that you have to be a problem solver! This is not a cliche. I hate it when I work with an anti-start-up person who asks me "how do I solve this?" That is the wrong question! IMHO, the right question is "I saw this problem and here are my suggestions for potential solutions. There are pros and cons to each option but I recommend this one"If you ask any CEO or executive team member of any of my start-up clients, they will tell you this is the type of attitude they expect if you are going to fit in a start-up.A word of caution: Not all start-ups make it to the next stage for a variety of reasons. 90% of them fail. Most don't make it past 2 years. My attitude though is "so what!?" because the journey is worth it and imagine all of the lessons learned along the way.Do you agree or disagree? I welcome some insights or debate.

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