Hacker News

Poison the WeLLMs

Hacker News - Fri, 11/15/2024 - 3:54pm
Categories: Hacker News

Finding Fulfillment [2022]

Hacker News - Fri, 11/15/2024 - 3:43pm
Categories: Hacker News

How do I reach out to the board about our CEO?

Hacker News - Fri, 11/15/2024 - 3:32pm

I work for a small startup (~1.5mm revenue, <10 employees) that is slowly spinning out due to employee and customer churn. Sales are still growing, but growth peaked about six months ago and churn is annihilating our sales growth. Within the last two weeks, one of our first hires and our key employee have announced their departure.

I am a minor cofounder (14% equity). I head our sales efforts, but took it upon myself to reach out to these employees to do an exit interview on my own. Each of them had very similar feedback - unrealistic and unclear job expectations, a lack of alignment between priorities and resources, no clear vision, flavor of the month leadership, communication breakdowns, etc. They point to something that I have known for a while now - despite our huge successes on the sales and product side, we have outgrown our CEO and it has begun to severely impact our ability to survive and grow as a company. This feedback has been shared repeatedly by myself and the other co-founder with the CEO, but he gets very defensive over the feedback and doesn't work to implement any changes.

From here, I am not sure what to do. I have enough equity in the company that I can't just walk away, but I am not necessarily comfortable reaching out to the board on this without a clear objective in mind (besides "find a new CEO"). Our current projections is that revenue with continue to grow into Q1, and then peak before the end of Q2 and start to level off or even drop considerably, and our "key" employee (operations, support, marketing) has informed me that two others (nearly 50% of the company total) plan to leave before the end of the year.

We two very involved investors on the board who I communicate with time to time. The others are hand-picked by the CEO.

Comments URL: https://news.ycombinator.com/item?id=42150648

Points: 4

# Comments: 0

Categories: Hacker News

Pay 4 20 Google Play Testers

Hacker News - Fri, 11/15/2024 - 3:29pm

Article URL: https://p20playtesters.com

Comments URL: https://news.ycombinator.com/item?id=42150606

Points: 1

# Comments: 1

Categories: Hacker News

Pages