What’s the best way to understand the difference between CFO and VP Finance?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
VP Finance vs CFO – AVC

A VP Finance is what you need when you want a leader who will keep the wheels on the bus, who will make sure there are financial controls in place, who will make sure the books, records, and reports are accurate and timely and well presented, and who will make sure you have the right amount of accountants and clerical staff on hand to manage the work of the finance organization. A VP Finance is largely about “what happened” and a little about “wh… (read more)

What’s the best way to understand the difference between CTO and VP of Engineering?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
VP Engineering Vs CTO – AVC

A VP Engineering is ideally a great manager and a great team builder. He or she will be an excellent recruiter, a great communicator, and a great issue resolver. The VP Eng’s job is to make everyone in the engineering organization successful and he or she needs to fix the issues that are getting in the way of success. A CTO is ideally the strongest technologist in the organization. He or she will be an architect, a thinker, a researcher, a teste… (read more)

What’s the best way to think about VP of Engineering vs CTO?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
The Management Team – While Building Usage – AVC

And many technical co-founders and lead engineers aren’t the kind of people who enjoy managing. They would rather be building the product than building the team. You have a few options at this point. You can help your lead engineer become a good manager. I strongly suggest that because everyone can and should become better at managing people. Even if your lead engineer doesn’t become your VP Engineering in the long run, this will have been a good… (read more)

What’s the best way to scale your organization?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
The Management Team – While Building Usage – AVC

Many of the hires that are made in the “building usage” stage are going to report directly to the founder/CEO. The additional product hires may report to you because it is likely that you are running product as well. The community team may report to you. And who is leading that team? The business development person, the marketing person, the admin/finance/HR/legal person, and probably all the sales people are likely reporting to you. Have you eve… (read more)

What’s the best way to retain employees?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
MBA Mondays: Retaining Your Employees – AVC

There isn’t one secret method to retain employees but there are a few things that make a big difference. 1) Communication – the single greatest contributor to low morale is lack of communication. 2) Getting the hiring process right – a lot of churn results from bad hiring. 3) Culture and Fit – Employees leave because they don’t feel like they fit in. 4) Promote from within. Create a career path for your most talented people. The best people are… (read more)

What’s the best way to retain employees?

Jeff Bezos (Founder & CEO of Amazon)
EX-99.1

Pay to Quit is pretty simple. Once a year, we offer to pay our associates to quit. The first year the offer is made, it’s for $2,000. Then it goes up one thousand dollars a year until it reaches $5,000. The headline on the offer is “Please Don’t Take This Offer. ” We hope they don’t take the offer; we want them to stay. The goal is to encourage folks to take a moment and think about what they really want. In the long-run, an employee staying some… (read more)

What’s the best way to retain employees?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Access Code – AVC

Providing coding training to underserved adults who can fill tech jobs, as Access Code is doing, is another part of the talent equation that can make significant immediate impact. If you feel like you can support this effort with your time or your money or by hiring Access Code graduates or by teaching a class, please do so.

What’s the best way to retain employees?

Mark Suster (Managing Partner at Upfront Ventures)
Download • Snapchat

You need to take your employee base and categorize them as A’s, B’s and C’s. Any goodwill is already lost if they come to you and ask you for something. The golden rule of keeping employees happy is unexpected increases in compensation, role, or even just recognition.