November 28, 2012

Extreme Startup Hiring

I was recently a guest at the Insead "India Business Dialogue" event at Bangalore. The event aimed to provide Insead grads - who are naturally mostly employed at large corporations - on starting up, attracting venture capital and, if the entrepreneurial plunge is too much of a risky leap, getting hired by a startup.

If the grads thought getting hired by a startup sounded safer, they had anothing think coming. The last session (on joining a startup) had one representative each from a VC firm, a HR Services firm and a veteran entrepreneur. And here's a sample of what they had to say about startup hiring techniques:

The Entrepreneur: One of my friends makes sure to pour coffee on the candidate and takes a call based on how the candidate reacts.

The HR Person: We offer to send a cab for picking up the candidate. And we generally don't bother to. We - and out clients - like to see whether the candidate turns up late and cribs about the taxi or figures out an alternative to reach on time - including, if required, to hop into an autorickshaw.

The VC: The founder of one our investee companies does hiring interviews only between 1 am and 2 am.

The Bottom Line: If the candidate needs too much structure and cannot deal with ambiguity and uncertainity, he's not a good fit for a startup.

Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of data and analysis on private company transactions, valuations and financials in India. Click Here to learn about Venture Intelligence products that help entrepreneurs Reach Out to Investors, Research Competition, Learn from Experienced Entrepreneurs and Interact with Peers. Includes the Free Deal Digest Weekly Newsletter: India's First & Most Exhaustive Transactions Newsletter.