The $100,000 Executive Hiring Lie | Matt MacInnis

The success rate of executive hiring in general, people say, is roughly 50%. It depends on how you define success. But I think it's directionally true that like 50, 40%, 30% of executive hires just don't work out. They don't last a year, particularly if you go through the traditional method of running a search. And it's an absolute, total travesty of a method for bringing executives into a business. Because the odds, right, that like, of the seven people who happen to be looking for a CMO or VP Eng or whatever job, you know, of those people who happen to be available to you in the market today, that one of them must be a successful hire for you. It's crazy, right? But you pay somebody a hundred thousand dollars plus some chunk of equity to run that search for you, they are going to make sure you pick someone and move on.