When FinTech CEOs begin experiencing problems in their startups, many believe that the solution is to hire more people. Today I am going to explain why this strategy often ends up exacerbating the issues, rather than solving them. If you’re getting to the point where you feel like you should be growing your young startup, listen to this episode for advice on who you should and shouldn’t be hiring. 

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Today's episode:

[01:15] A common mistake that many FinTech CEOs make in their third or fourth year in business.

[01:56] Why FinTech CEOs are prone to over-hiring employees. 

[02:37] Problems that often arise after a CEO has brought a lot of new people into the company. 

[03:45] Why you don’t need to hire super senior level people for a young start-up. 

[04:50] Downsides of hiring regional heads for compliance, risk, transaction monitoring, and investigation teams. 

[06:06] My advice for streamlining your finance department. 

[06:45] Why too many interns often cause more harm and good. 

[07:38] Benefits of hiring a head of HR early on. 

[08:28] Reasons that customer support teams are often understaffed.

[10:01] Consequences of under-hiring sales people. 

 

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