A VP mis-hire is always tough. A VP Sales mis-hire can set you back a year in sales. A VP Marketing mis-hire can lead you down massive time and money ratholes that don’t get you any more customers.
But, I'm 100% sure that the worst mis-hire is CTO / VP Engineering. By far. Because it becomes the death of innovation.
I've seen this fact pattern or some variant thereof so many times:
* Founder CEO + CTO
* CTO gets start-up to $5m, $10m, $20m but just "can't scale"
* VP of Engineering or CTO from Big Tech Company hired
* Everyone chooses the Nice Candidate
* The Nice Candidate never codes, never learns the code base, never gets the magic
* The Nice Candidate hires a bunch of engineers under them that aren't great and never know the customers or the why
At first, things seem better. Things are more organized under The Nice VP of Engineering. There are a lot more discussions. Fewer erratic changes. Releases are smoother.
And ... innovation just ends. This VP of Eng / CTO never knows the magic, the why, or the how. And the competition pulls ahead.
And even worse, the founding CTO often either leaves or disengages. And the magic is lost.
Even at Adobe Sign / EchoSign, my last start-up, my co-founder and CTO is still at Adobe. Why? Because they know even at $200m+ ARR they still need him. He wrote all the original code base, and the original magic. They don't need him for everything. But when they need him -- they really need him. Even today.
👔 I have a rule: never hire a CTO that wears a suit (or tie).
It's always a sign they are selling up, rather than being a hacker. You need a hacker at the head of engineering. Maybe forever.
🔟 / 🔟 And whatever you do, when the time comes to hire an outside VP Eng / CTO, try to make sure you and your co-founder both are 100% aligned they are a 10/10. An epic hacker and engineer, not just a manager.
Managers are a dime a dozen today. And they can't win in engineering in a world that is more competitive than ever.
When I see this happening, I fight. I fight to help the founders see it. I go down with the fight.
Because when you hire a VP Eng / CTO that isn't a 10, it's the day your start-up starts to die.
The other VPs, if you make a mis-hire, you can recover. But 2 years of no more innovation? I don't know if most of us can fight our way back from that.