Cameron Herold recounts his early management career running College Pro Painters and hiring future tech founders as franchisees.
Insight
Herold: Hiring for attitude over experience caps company growth at 10 percent
“The days of hiring people for attitude and training for skill, the days of hiring the kind of master all trades or jack of all trades, master of none that gets you seven to 10% growth, but it doesn't get you the hyper growth.”
Assertion Not checkable as stated
Herold: Zip2 seed investors deemed Elon Musk 'unbackable' and preferred Kimbal
“And two years later, I was a reference in Elon and their very first round of funding for zip too. They had one employee and I had to explain why to back Kimble must because no one wanted to back Elon cause he was unbackable. He dropped out of aeronautical engi…”
Insight
Herold: True entrepreneurs are born with necessary traits, not made
“Entrepreneurs have to be born with the entrepreneurial traits, and then they can be nurtured. But I don't think you can take a person and make them an entrepreneur. You're either entrepreneurial or you're not. And some of that is the craziness. It is the ADD, …”
Insight
Herold: 40-person entrepreneurial startups suffer from C-suite title creep
“Nowadays we've had title creep where like to have a CMO or a CRO or a CT, like God, those were titles reserved for the fortune 100 or the fortune 500. We've had a lot of title creep down into these entrepreneurial companies where you've got 40 employees and yo…”
Opinion
Herold: Ivy League student founders should accept 2.8 GPAs, not drop out
“If you're at Oxford, Cambridge, Harvard, and Yale, you stay in school, you finish, but I want you to not go after a four point O be okay with getting a 2.8 for the first time in your life.”
Insight
Herold: Startup title inflation gives C-level titles to unqualified young employees
“20 years ago to get a C level title, you had to be a major player at a major company. And about 10 years ago, we started giving away titles as well as equity, as well as compensation to Gen Y who are asking for big titles. And we've had title creep in a big wa…”