Gee working for a 24 year old is no fun? I can't imagine. This is why investors insist we bring in the gray hairs. Working for anyone who has never managed people before and believes their own press is a train wreck that you should avoid at all costs.
#1 pre-interview research question: how old is you boss? #2 pre-interview research question: have they ever held a real job (i.e., didn't start a company with daddy's money, founded their start-up in college and are consistently flush with hubris/investor's money.) #3 hr question: what is your turnover rate? how many people did you have as employees during the year and how many people departed the company for any reason during that same year.
I don't care if you are launching the bloody space shuttle, if people are flying out of there through layoffs, firings, quitings, etc. you need to run for the hills.
Get a clue. Go on FB, LinkedIn and find the dead bodies.
@thecowardlylion: I thought the rule of thumb for startups was to move the founders out, no matter how good their idea. Cisco wouldn't be on the map if professional managers hadn't shouldered Len Bosack and Sandy Lerner out of the way.
Plus: Zuckerberg is 24. What kind of idiot VC's would continue to keep him on an allowance?
@BadUncle: Excellent point. Actually in all honesty many investor agreements limit the ability to outright boot the founder who has installed himself as CEO. Depends on the quality of the legal advice Zuckerberg took when his investment agreement was drawn up.
I have seen founders fire immediately with impunity executives who appear to have the support/backing of the board due to the details of their agreements. I recently saw a CEO self-implode when the board insisted he step down as part of the next round of funding. He refused. Fired the staff except the one he was sleeping with and ran the company into bankruptcy (took about a year and many, many good people did not get paid and others lost their jobs). The company would be ready to be sold for a 5-10 MM within a year had he not melted down.
@BadUncle: I disagree, what about bill gates? or steve jobs?
The CEO has to come up with ideas to keep the company going up, and let the details to the rest of the team.
But zuckerberg theres a problem: he never had any ideas to begin with, not even FB itself, so he's basically useless, and in that case you should fire the founder from the very beginning
03/06/09
Next up: Twitter.
03/06/09
Am I the only nerd who thinks it's cool that his first name is Net?
03/06/09
Oh, wait.
03/06/09
#1 pre-interview research question: how old is you boss?
#2 pre-interview research question: have they ever held a real job (i.e., didn't start a company with daddy's money, founded their start-up in college and are consistently flush with hubris/investor's money.)
#3 hr question: what is your turnover rate? how many people did you have as employees during the year and how many people departed the company for any reason during that same year.
I don't care if you are launching the bloody space shuttle, if people are flying out of there through layoffs, firings, quitings, etc. you need to run for the hills.
Get a clue. Go on FB, LinkedIn and find the dead bodies.
AMEN.
03/06/09
Plus: Zuckerberg is 24. What kind of idiot VC's would continue to keep him on an allowance?
03/06/09
I have seen founders fire immediately with impunity executives who appear to have the support/backing of the board due to the details of their agreements. I recently saw a CEO self-implode when the board insisted he step down as part of the next round of funding. He refused. Fired the staff except the one he was sleeping with and ran the company into bankruptcy (took about a year and many, many good people did not get paid and others lost their jobs). The company would be ready to be sold for a 5-10 MM within a year had he not melted down.
03/06/09
03/07/09
The CEO has to come up with ideas to keep the company going up, and let the details to the rest of the team.
But zuckerberg theres a problem: he never had any ideas to begin with, not even FB itself, so he's basically useless, and in that case you should fire the founder from the very beginning