TribeHired, a social recruitment website started by a team from Malaysia, announced that it has closed SGD 696K (USD 560K) in early stage funding led by TNF Ventures through the Singapore government’s Technology Incubation Scheme. Angel investors Ben Ball and Ben Chew also contributed.
A graduate of startup accelerator JFDI.Asia‘s inaugural bootcamp, TribeHired is currently in beta with several thousand job seekers in Malaysia. It is also being used by companies such as Zalora, Lazada, fellow JFDI.Asia grad Flocations, and Brandtology. Read more
Seed-funded startups often believe in the fallacy of quickly ramping up their hiring to scale the company.
This thinking is prevalent because the investor expects you to grow the company with a business model that is expected to work right away. In all honesty, startups at the seed stage have not figured out how to do that yet.
In the book “The Startup Owner’s Manual” by Steve Blank & Bob Dorf, a startup is defined as a temporary organization in search of a scalable, repeatable, profitable business model. Even if you have raised money to assemble a team and build a product, you should not go on a spending binge with the hope that the product will bring you customers.
The typical mentality is to “hire fast, fire fast”. But having learnt from my past experiences, I now prefer to hire slow and fire fast. Read more
Companies sometimes find employees tinkering their reports on the number of work hours they’ve clocked. These bad practices result in ghost employees, time stealers, time wasters, and buddy punchers. Read more
David Waxman, serial entrepreneur and startup mentor at Amplify LA, dishes some advice on hiring for startups. Your first hire is also your most important one, since it could make or break your organisation. Give yourself plenty of time to start, perhaps even up to three months before you need that person. This gives you time to network and share your vision with prospective hires. Watch the video for more tips!
Through a very interesting episode in Jason Calacanis‘ “This Week in Startups” (a videocast featuring about the trials and tribulations of startup founders), I discover an interesting book “Just Listen” written by Mark Goulston. Unlike all other episodes which talk so much about the stories of start-ups, the interview with Mark Goulston discusses the issues that all challenging situations and stress conditions which happen around a business environment. Particularly in startups, which it is likely that very few entrepreneurs will talk about is the management of human relations. The basic theme for “Just Listen” is to focus on how we can get through to anyone, even when productive communication seems impossible. So, we review the book and tell you why you should read it. Read more