The CEO of a US fintech unicorn worth more than $2.6 billion spends a third of his time recruiting. Here's why he 'hires for spikes' rather than seeking well-rounded candidates.
, claimed that 86% of tech recruiters and employers were struggling to hire top talent in an increasingly limited pool of star candidates.
"Fitting our culture is obviously non-negotiable but it's the opposite of just hiring well-rounded people," he added. Some $353 million of funds have come from Index Ventures, Kleiner Perkins, Goldman Sachs Investment Partners, and Andreesen Horowitz, among others. Mostly recently, the firm raised $250 million in December at a rumoured $2.6 billion valuation.
Similarly, the company has its own "head of people" McKenna Quint who helps Perret make tricky hiring decisions as part of a process that involves "hiring quickly but carefully" with hundreds of new staff joining the startup every year. "The best advice we got was to be maniacally focused on recruitment because that effort generates returns for us," Perret added.
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