When your company is growing you have to add new layers of management. One common mistake is to only look outside the company. This is often promoted by investors who are worried that the early employees are too young and inexperienced. But if you only hire from the outside it can be demotivating for the people inside the company who may come to think that they cannot have a career here. That’s why I like to see a balanced approach that also includes a lot of internal promotions. Internal pro...

When your company is growing you have to add new layers of management. One common mistake is to only look outside the company. This is often promoted by investors who are worried that the early employees are too young and inexperienced. But if you only hire from the outside it can be demotivating for the people inside the company who may come to think that they cannot have a career here. That’s why I like to see a balanced approach that also includes a lot of internal promotions. Internal pro...