Bussgang: Hypergrowth startups must reinvent organizational systems every 6-12 months
Jeff Busgang · 20VC: Flybridge's Jeff Bussgang on Why It Is Not All About Unit Economics & Why VCs Are Big Data Decision Makers · Jul 18, 2016 · at 4:05
Jeff Bussgang, General Partner at Flybridge Capital, shares insights from scaling an earlier startup from zero to $100M in revenue and 600 employees.
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“The learnings I had from hypergrowth, and we went from Zero to a hundred million revenue in a couple years, and 600 employees, and a couple billion dollar market cap over the course of my five-year tenure, and so we experienced quite a bit of growth, and my experience, my learnings were numerous, but one of the most important ones was that all the systems that you design when you're a certain size are completely wrong six months or 12 months later, and you have to keep designing systems, whether it's human capital systems, whether it's decision-making systems, whether it's communication systems, you have to keep reinventing yourself every six or 12 months when you're in hypergrowth mode, as opposed to getting comfortable and settling in to a certain way of doing things.”
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