Today marks the graduation for the six women who participated in our inaugural ReturnShip program, which I wrote about here and which was written up at least twice, in Harvard Business Review and in the San Francisco Chronicle. The ReturnShip was a 14-week paid internship program designed for women who have been out of the workforce for more than 1 year to re-enter and build credible and relevant experience, and to feed our funnel of prospective employees. While there are still a couple things in the air, my guess is that at least three, and as many as five, of the program’s six participants, will continue their work at Return Path, either full time, part time, or as a contractor….
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Startup CEO
35 at 15
This was a big week for Return Path. First we announced a $35mm financing led by an exceptional private equity firm that I’d never heard of before the middle of the fundraising process a few months ago. We are happy to have them join our very strong board and syndicate and even happier to have additional investment capital to accelerate our growth, especially in newer businesses for us like Email Fraud Protection and our overall data and analytic capabilities. But in some ways even more important, or at least more sentimentally important news this week is that tomorrow, December 6, marks the 15th anniversary of Return Path’s founding. A decade and a half with probably over 800 employees in total over…
PTJD
Post Traumatic Job Disorder. As we have been scaling up Return Path, we have been increasingly hiring senior people in from the outside. We believe in promoting from within and do it all the time, but sometimes you need an experienced leader who has operated at or ahead of the scale you’re at. Someone with deep functional expertise and a “been there, done that” playbook. When you get a hire like this right, it’s amazing how much that kind of person gets done, how quickly. One of the pitfalls of those hires, though, is cultural fit. Many of the larger organizations in the world don’t have the kind of supportive, employee-centric cultures that we have here, or that startups tend…
The 2×4
The 2×4 I took a Freshman Seminar in my first semester at Princeton in 1988 with a world-renowned professor of classical literature, Bob Hollander. My good friend and next-door neighbor Peggy was in the seminar with me. It was a small group — maybe a dozen of us — meeting for three hours each week for a roundtable with Professor Hollander, and then writing the occasional paper. Peggy and I both thought we were pretty smart. We had both been high school salutatorians from good private schools and had both gotten into Princeton, right? Then the first paper came due, and we were both a bit cavalier about it. We wrote them in full and delivered them on time, but…
Startup CEO: The Online Course Part II
Startup CEO: The Online Course Part II Startup CEO the online course offered by the Kauffman Fellows Academy is back this fall starting September 15! As many of you know, the course is based on my book Startup CEO: A Field Guide to Scaling Your Business. When the course first ran earlier this year, I wasn’t sure what to expect. Hundreds of students from six continents signed up, all eager to learn as much as they could about entrepreneurship and how to develop their startups. The students worked together in teams to develop their startup ideas on the unique online educational platform NovoEd. I was amazed at the enthusiasm of students who dove into lectures and the book and then exchanged ideas…
How to Manage Your Career
I gave a presentation to a few hundred Return Path employees in January at an all-hands conference we did called “How to Manager Your Career.” The presentation has three sections — The Three Phases of a Career, How to Get Promoted, and How to Wow Your Manager. While it’s not as good without the voiceover and interactivity, I thought I’d post it here…see the presentation on Slideshare. As I said to my audience, if there’s one thing to take away from the topic, it’s this: Managing your career is up to one, and only one person – you. It doesn’t matter how great a corporate culture you have, or how supportive your manager is. You’re the only person who cares…
Secrets to Yawn-Free Board Meetings
Secrets to Yawn-Free Board Meetings [This post first appeared as an article in Entrepreneur Magazine as part of a new series I’m publishing there in conjunction with my book, Startup CEO: A Field Guide to Scaling Up Your Business] The objective of board meetings should always be to have great conversations that help you and your executive team think clearly about the issues in front of you, as well as making sure your directors have a clear and transparent view of the state of the business. These conversations come from a team dynamic that encourages productive conflict. There’s no sure-fire formula for achieving this level of engagement, but here are three few guidelines you can follow to increase your chances….
Open Vacation
At Return Path, we’ve had an “open vacation” policy for years, meaning that we don’t regulate the amount of time off people take, and we don’t accrue for it or pay out “unused” vacation if someone leaves the company. I get asked about this all the time, so I thought I’d post our policy here and also answer a couple follow-up questions I usually get about it. First, here’s the language of our policy: Paid Time Off You’re encouraged to take as much time off as you can while maintaining high performance and achieving your goals. We don’t count the hours you work, so why should we count the hours you don’t? (Unless you’re a non-exempt employee, and only then…
HR/People Lessons from Netflix
It feels as if almost everyone in our industry has read the famous Netflix culture deck on Slideshare, and with over 5mm views, that may not be too far off. If you haven’t looked at it before, and if you care about your organization’s culture and how productive and happy employees are the best kind of employees, then take the time to flip through it. As part of a benchmarking exercise we did on employers with unique and best HR/People practices a few years ago, a few of us did either site visits or at least live interviews with leaders at four companies, all of whom are pretty well known for progressive People practices that are also in-line with our…
New New Employee Training
Years ago, my co-founder Jack and I developed a training presentation to give to new employees who were not just new to Return Path but also new to the workforce. This is another one of those things, like my last post on our sabbatical policy, that people ask me for all the time. Bringing new people into the workforce is different from just bringing new people into an organization. I know I got a huge amount of value in my first job in management consulting from just learning how to go to work every day and how to be successful professionally. The process you need to go through is like Onboarding, but on steroids. Not everyone has parents or older…
Startup CEO: The Online Course
As most of you know by now, I wrote a book that was published last fall called Startup CEO: A Field Guide to Scaling Up Your Business. I’m excited to announce that, starting on January 20th, the book has now been turned into Kauffman Fellows Academy (KFA) online course called Startup CEO. Similarly, Brad Feld and Jason Mendelson’s highly successful Venture Deals is also going to launch as Venture Deals KFA online course on February 24th. Both will be offered initially on the NovoEd platform. The parties involved in getting it off the ground (besides me) were the team at Kauffman Fellows Academy and NovoEd. Clint Korver, a serial entrepreneur and Stanford adjunct professor, spearheaded the project, and between filming the course and now, he switched jobs from KFA to be the COO at…