Featured

Hypergrowth Survival Tactics

June 29, 2022

A Discussion Series with Matt Dumas, Bobby Mukherjee, CEO from Loka and Eric Zimmerman, Principal at AWS

It’s 2022, and building and managing an elite product and engineering team has never been more challenging. How can healthcare tech innovators scale their teams and ship world class products when the talent pool is tightening and growth is not stopping?

Recently taking the stage at ViVE 2022, Matt Dumas, Managing Partner of Chasm Partners, Bobby Mukherjee, CEO from Loka, and Eric Zimmerman, Principal Healthcare & Life Sciences BD for VC and Startups at AWS, provided best practices and insider perspective on how the most resilient product and engineering players are overcoming these challenges - and how they’re approaching talent in innovative ways to deliver the product roadmap.

We share key insights and offer practical tactics from this engaging discussion in this series of audiograms. We invite you to listen in as Matt and Bobby share experiences and lessons learned when recruiting and retaining high quality talent during times of hypergrowth.

#1 Focus On Diverse Talent Early

We all appreciate the value that diversity brings to the quality of leadership, creativity and culture in well run companies. Early stage companies need to focus on making sure diversity is top of mind for early hires because those new leaders will be carrying forward on behalf of the founders this philosophy in future hiring. An established diverse workforce in an early stage company is more likely to attract a diverse team in the future versus the alternative. 

#2 Culture Is More Than A Catchphrase

For young companies, the initial hires both at the executive-suite and management levels are critical in creating a foundation that establishes and protects the cultural ideals of the founders.  This means that the early entrepreneurs busy building product, commercializing, and raising capital also need to spend time attracting and vetting the right talent, which is never easy given capacity constraints.

#3 Don’t Overlook Onboarding

While recruiting is key to establishing scale during rapid growth, these efforts can be squandered if there is not equal attention given to onboarding these new hires. We see countless examples of fast moving startups ignoring the importance of training and assimilation for new recruits, only to see their first year attrition become a problem in achieving their goals.

#4 Don’t Fall for “Undifferentiated Heavy Lifting”

If there are things you don’t have to build from scratch - don’t! In the tech world, we view this as a good thing as it allows you to learn from others’ bumps and bruises, providing you the opportunity to move faster.  

#5 It’s the Candidate’s Market: Are you Ready?

Today’s recruiting environment is remarkably different from the pre-pandemic market and requires a more flexible approach to hiring. This includes taking a more aggressive and creative approach to hiring decisions and compensation. Make decisions quickly and be prepared to negotiate.

Share
You may also like

Some of our clients

Aduro
Prealize
Remedy Partners
Trapelo by Intervention Insights
Healthloop
Alluceo
Antidote
Arcadia
AspenRx
Carecentrix
Cedar
Clarify Health Solutions
Cohere Health
Connections Health Solutions
Contessa Health
Cortica
andros
Cricket Health
Crossix
eMindful
Genome Medical
Glooko
GNS Healthcare
Healthedge
Healthmyne
HealthPlanOne
iN2L
Independent Living Systems
Iodine Software
Kara Health
Kinsa
Lightship
MacroHealth
Manifest Medex
Maven Clinic
MDsave
MedAvail
MedVantx
Mequilibrium
Mt Sinai
NovuHealth
Nursegrid
Omada
One Digital
PierianDx
Propeller Health
Rethink First
SCA Optum
Shearwater Health
Solera
Syapse
Tia
TruHearing
Truveris
Verana Health
Vesta Healthcare
Vetsource
VisiQuate
Vitality
Zelis
Cityblock
Discovery Health Partners
Kalderos
Canvas Medical
Pocket Health
Onduo
Everyday Health
Groups
Post Acute Analytics
Uprise Health
CareXM
Spencer Health
TBH
MIC
Freespira
Owl Insights
Claritas Rx
Cleerly
Complion
Advocatia
Truepill
Sempre Health
Trellis Rx
Audacious Inquiry
Medable
Ontrak
LeanTaas
WPAS, Inc.
Brightline
NuvoAir
Belong Health
Carrum Health
Azara Healthcare
Phil
eVisit
Abarca
Calibrate
Helix
Valgenesis
AvaSure
Silversmith Capital Partners
BrainCheck
Vivalink
Elation Health
Oshi Health
ProJenX
Avalon
Cranemere
Solis Mammography