Loading...
Answers
MenuHow do I attract talent to a startup?
How do I find and attract talent to my gaming company when we are just a startup?
Answers
"Just" a startup? Most technical and design talent are more attracted to startup opportunities than working for big companies. So the issue is not that you're a startup, the issues are around how you make yourself the most attractive startup to the talent you're trying to recruit.
The best way to do this is to be able to articulate why you're already on the path to being a very successful business. Selling top talent on your company is often the same as selling investors. The more that you can demonstrate that you already have the right ingredients for success, the higher a likelihood that you're going to close your recruiting pipeline.
Obviously, depending on the cash you have in the bank and expect to have in the bank will impact what kind of offer you make, and the more that you can mitigate the "going concern" risk, the more success you'll have in getting an offer accepted, but it's ultimately about convincing the talent that joining you and your team is better than any opportunity they can take, including starting their own company.
If you can't be competitive in your own backyard, I would look at hiring remote workers or look at relocating talent from less competitive markets to your own backyard and selling the lifestyle advantages of your particular city.
Recruiting top talent is a significant part of any startup CEO's job. I'd be happy to talk to you about what I've learned and share some of the tactics I've used and seen others use successfully.
The very best talent are attracted to opportunities to do something awesome with other people that they admire and respect. In building a team, it is important to be very careful about your first hires, because it is they (and what you are doing) that will attract the next.
While the recruiting process is sort of a sales process, I disagree with the idea that you will need to "sell" your vision to talent. People judge you (and your organization) by your actions, and that means you need a good vision that practically sells itself. If you are not able to convince people to join you because the opportunity is just so awesome, you may need to think about doing something else.
You will also need to build a company, a team, a culture that makes the best talent want to work there. This means having an actual structure that enables creativity and innovation, working on only focused projects with clear objectives, having an open communication and feedback process.
Money does matter, and you need to compensate great talent fairly. It is better to pay a lot for a few very senior people than an army of remote or junior contributors. This is a fatal mistake I have seen many startups make. In the end you are building a company, and companies are made of people. That should take the lion's share of both your attention and your money.
People want to be a part of something exciting that matters.
I like to position my offer to talent in such a way that they understand the impact they will have on changing the industry / world / people, etc.. .
Hope this helps.
if you do not have a lot of money you are either going to have to:
1. hire Super smart Jr people who want to prove their skills.
2. hire people in a remote location. this can be costly in it's own way.
3. offer co-founder.
either way you will have to sell yourself and your product/vision so they can image how great the system will be and how big they can imagine it.
1. Know exactly what you are looking for in skills, experience and DNA - people that do well in start-ups have a different mix than those that belong in mature/large co's.
2. Look everywhere- online, social networks, job boards, conferences, referrals, linkedin, etc.
3. Write job ads that stand out vs. typical list of job requirements (treat candidates like customer prospects and write your job ads with compelling copy)
4. Offer careers, above market comp (not necessarily cash), chance to work with a great company/management/team.
5. Never stop recruiting.
Good luck!
Besides what others said, try to be extra clear in communicating and measuring exactly what you mean by talent.
People don't like to waste their time and this is especially true of people with a high opportunity cost to their time. Using vague words like "ninja" doesn't clarify to top talent whether you are a culture-fit for them or whether they are a skill-fit for you. Stating explicit, objective requirements or "nice-to-haves" gives potential applicants a clear idea of their chances. It also signals that your management style will be equally clear-cut and rational.
If possible, try to devise your own interview questions and test criteria. Tests should mirror as closely as possible the work you will want the applicant to do. Try to avoid degree-based selection or other general signals. Large companies with a history of stability and truckloads of dinero are competing for those with a typically nice-looking resume. Be innovative and be accurate. Precision will earn you better matches at a lower price.
As well, try to communicate how your company culture compares to others the applicant may be employed at or applying to. Again vagueness is bad. So you should do a shallow search through other talent-bids your applicant might be reading.
Wear something Sexy.
I'm not (just) being facetious.
Wear, or present, a message about what it's like to work for your company, how that talent can grow and express themselves while working for/with you, how your company is different, how the games you want to create will be different.
consider expressing that on your website, linkedin, online gaming forums and offline gaming conventions.
Good luck !
By giving them equity stake
According to LinkedIn’s research, company culture is among the top reasons for changing jobs. 25% of candidates said that better company culture is among their top reasons for changing jobs. Start-up culture is a defining aspect of this century’s economy and is shaping the way companies think of their employees. As the flexible work hours, cloud computing, and take-home company laptops take the office by storm, we are seeing a myriad of traditional start-up work trends spread across organizations, both big and small. Any modern organization is sure to flaunt its newly installed volleyball court, bottomless coffees, or free yoga workshops in job postings. No longer does a millennial-driven work culture belong solely to the start-up. Everyone is on board and ready to compete for the top talent by peacocking their trendy perks. So, what is it that differentiates your start-up from the millions of other small businesses out there? We can assume that individuals actively seek out opportunities at start-ups, because they already have certain expectations they hope to have fulfilled. If you are a start-up-sized gig just putting out a job posting, there’s no need to toot your horn about how small and hip you are. You may offer remote workdays, but so does every other start-up on the block. If you do not already have elements that make your start-up unique, find something that sets you apart. Market your business as an irreplaceable opportunity that offers a partnership, not just a one-sided relationship. On the other hand, you may have the challenge of convincing desirable talent to leave their lofty corporate jobs and take the plunge into the risky start-up world. He or she may have exactly the profile your company needs, so you will have to convince them on what more a start-up can provide them. Is that more creative freedom? Expanded responsibilities? Less management? You can offer negotiation on role responsibilities and even have the position to grow with the candidate’s own expectations.
A Gallup study found that high performing, yet unengaged employees were equally likely to leave a company as their unengaged low performing co-workers. Top talent can accelerate your company’s growth and make invaluable contributions, but if the initial excitement wears off, engagement wanes and your company is in danger of losing a star player. The self-motivated, high octane employees necessary to get start-ups off the ground are also going to be the ones to actively seek out further developmental opportunities. Start-ups can offer an untapped source of opportunity to learn, but if a position’s responsibilities become too limited or the company stops growing, those opportunities die off. How can your company offer continuous learning and keep employees engaged in their work? We have all felt empowered by a sense of ownership over work. Trusting team members to take responsibility over their own work not only encourages engagement, it creates a self-sustained process in which they feel truly connected to what they are doing.
It goes without saying that high turnover rates will stifle growth and may even leave your start-up in a worse position than where it started. You can attract top young talent to your start-up, but it’s all for nothing without retention. A new employee will ride out the initial wave of start-up excitement after a while, then have a clearer idea of whether they can see themselves there long-term.
A retention plan should start as early as the hiring process. Being transparent in job postings and interviews about the candidates’ responsibilities and the company’s position will help avoid frustrations down the road on both sides. You cannot promise professional growth and a variety of responsibilities if realistically that won’t happen for months down the road. The chosen candidate might just be stuck tackling growing pains and operational tasks rather than taking on the responsibilities and creativity that motivated them to join the company in the first place. Salary is also a vital sign of company health that signals to candidates whether they will have a sustainable future at your start-up. Someone may initially join for the experience but move on once they have hit a learning limit and need to pay the bills. Going all in on a start-up is not the easy route but promises endless opportunity. Your founding team will play a decisive role in shaping where your company goes, how it develops, and what values it adopts. Be strategic about your hiring, and you may be one of the fortunate start-ups to recruit the right people for your company, take a flight and make it big.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Related Questions
-
What is the average series A funding round at pre revenue valuation for a enterprise start up w/cutting edge tech on verge of our first client.
With all respect to Dan, I'm not seeing anything like that. You said "pre-revenue." If it's pre-revenue and enterprise, you don't have anything proven yet. You would have to have an insanely interesting story with a group of founders and execs on board with ridiculous competitive advantage built in. I have seen a few of those companies. It's more like $3m-$5m pre. Now, post-revenue is different. I've seen enterprise plays with $500k-$1m revenue/yr, still very early (because in the enterprise space that's not a lot of customers yet), getting $8m-$15m post in an A-round. I do agree there's no "average." Finally, you will hit the Series A Crunch issue, which is that for every company like yours with "cutting edge tech" as-yet-unproven, there's 10 which also have cutting edge tech except they have customers, revenue, etc.. So in this case, it's not a matter of valuation, but a matter of getting funded at all!JC
-
How much equity should I ask as a CMO in a startup?
Greater risk = greater equity. How likely is this to fail or just break even? If you aren't receiving salary yet are among 4-6 non-founders with equivalent sweat investment, all of whom are lower on the totem pole than the two founders, figure out: 1) Taking into account all likely outcomes, what is the most likely outcome in terms of exit? (ex: $10MM.) Keep in mind that 90%+ of all tech startups fail (Allmand Law study), and of those that succeed 88% of M&A deals are under $100MM. Startups that exit at $1B+ are so rare they are called "unicorns"... so don't count on that, no matter how exciting it feels right now. 2) Figure out what 1% equity would give you in terms of payout for the most likely exit. For example, a $10MM exit would give you $100k for every 1% you own. 3) Decide what the chance is that the startup will fail / go bankrupt / get stuck at a $1MM business with no exit in sight. (According to Allman Law's study, 10% stay in business - and far fewer than that actually exit). 4) Multiply the % chance of success by the likely outcome if successful. Now each 1% of equity is worth $10k. You could get lucky and have it be worth millions, or it could be worth nothing. (With the hypothetical numbers I'm giving here, including the odds, you are working for $10k per 1% equity received if the most likely exit is $10MM and the % chance of failure is 90%.) 5) Come up with a vesting path. Commit to one year, get X equity at the end. If you were salaried, the path would be more like 4 years, but since it's free you deserve instant equity as long as you follow through for a reasonable period of time. 6) Assuming you get agreement in writing from the founders, what amount of $ would you take in exchange for 12 months of free work? Now multiply that by 2 to factor in the fact that the payout would be far down the road, and that there is risk. 7) What percentage share of equity would you need in order to equal that payout on exit? 8) Multiply that number by 2-3x to account for likely dilution over time. 9) If the founders aren't willing to give you that much equity in writing, then it's time to move on! If they are, then decide whether you're willing to take the risk in exchange for potentially big rewards (and of course, potentially empty pockets). It's a fascinating topic with a lot of speculation involved, so if you want to discuss in depth, set up a call with me on Clarity. Hope that helps!RD
-
My startup just failed. What could I start to "immediately" generate $1,000/mo?
The quickest path to cash is almost always consulting. Be very specific about what it is you can offer. Don't just offer "business consulting". Find a niche and serve it. Reach out to your network, including friends and family and ask if they need or know of anyone who might want to hear about what your consulting has to offer. That will be way faster than trying to go at it from scratch or cold calling. If you call 100 people in your network this week, you will have a consulting gig within 3 weeks. Good luck, and let me know if you'd like advice on entering a digital marketing/lead generation consulting niche. I've grown from zero to $8,000 of monthly recurring payments in the last 40 days! DaveDR
-
What is a normal churn rate for b2b saas company with an average monthly revenue of $850 per customer? Is 10% of the total monthly sales high or low?
10% of the total monthly sales churning on an absolute basis is near fatal. That means that within 5 months, you have 50% absolute churn per year, which reveals fundamental flaws with the service itself. Anything above small single digit churn is telling you and your team that customers are not seeing enough value in your product. I'd start by doing as many exit interviews as you can with those that have churned out, including, offers to reengage at a lower price-point while you fix the issues that matter to them. Happy to talk through this in more detail in a call.TW
-
How can I become an idea person, as a professional title?
One word: Royalties This means you generate the idea and develop it enough to look interesting to a larger company who would be willing to pay you a royalty for your idea. This happens all the time. Rock stars, authors and scientists routinely license their creative ideas to other companies who pay them a royalty. Anyone can do it. Your business, therefore, would be a think tank. You (and your team, if you have one) would consider the world's problems, see what kinds of companies are trying to solve those problems, and then develop compelling solutions that they can license from you. You have to be able to sell your idea and develop a nice presentation, a little market research and an understanding of basic trademark and patent law. The nice thing about doing this is that if you develop enough cool ideas you will have royalties coming in from a lot of different sources, this creates a stable, passive revenue stream that requires little or no work to maintain. Start in your spare time and plan on the process taking 3-5 years. Set a goal to have a few products in the market that provide enough revenue (royalties) to cover your basic living expenses. Then you can quit your day job and dedicate more time and increase the momentum. A good idea business should have dozens, if not hundreds of license contracts generating royalties. It's possible to pull this off. And it is a fun job (I'm speaking from experience).MM
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.