Jason M. Lemkin warns founders against promoting top-performing account executives to VP of Sales. Star reps excel at closing deals but have almost never hired or trained anyone. These promotions fail roughly 99% of the time.
Chapters
a team lead, especially for engineers, there's a lot of team leads that kind of become, skip a step and become leaders. And what I've found is the biggest mistake a lot of founders make is, oh my god, I gotta hire a VP of sales, I'm so stressed out. They will hire the number one AE at a company, the number one sales rep. They'll go find a Brex or a Talkdesk or Algolia and they'll hunt around and they'll find out that Lauren was the number one AE, or the number one AE in the West. OK, and they will wine and dine her and take her out to the fanciest restaurants and meet the team. And they'll say, wow, you did $2 million last year and the next rep did $700,000. I want you to be my VP of Sales. And they're ambitious. And if they want the next step, they'll take that job. How many reps do you think the number one AE ever hired? Zero. Zero. Do you think the number one rep even knows how to train anybody? Do you think she knows where to find anybody good? I find that number one rep 0.00% of the time is successful. Actually, 1%.