You’ve heard it, I’ve heard it, everyone in Silicon Valley (or within Earth’s orbit) has heard it:
“Hire slow, fire fast.”
Here’s the deal: It’s bogus … at least according to Micah Rowland, COO at Fountain. He says that this “hire slow, fire fast” philosophy has negatively impacted several people’s lives who may have been fired for something that was less their fault, and more the fault of the organization.
Micah was a consultant at The MBA Exchange, a VP at FiveStars and Zumper, managed global strategy for Starbucks, interned at McKinsey, went to Duke, got his MBA at Stanford … and he was also let go. So this issue is personal to him.
On this episode, Micah debunks the myth of “hire slow, fire fast.”
What we talked about:
i. Startups can’t afford to hire slow
ii. Be humble about how excellent your hiring process really is
iii. How much experience do your managers really have?
iv. Even if you’ve diagnosed the problem correctly, most managers at startups don’t have the experience to coach others
v. When you terminate quickly, you’re back to square 1
vi. Hiring practices
viii. Finding top talent
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