The Cost of a Bad Hire | Startup Sales Leadership Edition

“70% of SaaS First VP Sales don’t make it to 12 Months. It’s one of the most common, and also most devastating mishires in startups.” — Jason Lemkin

A bad hiring decision can cost you a TON of money, but for a startup, it could make-or-break your business.

We were recently introduced to a Founder who has been suffering the effects of hiring the wrong SVP of Sales for the last six months.

This was their first executive hire after their initial round of funding.

While the person was a referral from a trusted source, they didn’t realize the importance of hiring for their stage and the work required — *facepalm*.

That hire churned out within 9 months and nearly took the company with him on the way out.

The numbers speak for themselves… this snafu has already cost them over 7-figures and they’re working through the cleanup. Talk about the costs of a bad hire coming back to bite you, yikes!

As a startup, there’s absolutely nothing more important than developing a hiring process that eliminates the wrong assumptions and funnels the…