Jason M. Lemkin explains why hiring from direct competitors often backfires. He cites examples from DocuSign, Zenefits, Gusto, Brex, and Ramp, arguing that these hires fail because competitors often let go their wrong people for personal reasons, not because they're actually good fits.
The folks that I and we made One hire from DocuSign at Echo Sign. And then there's like, Zenefits Gusto, and then there was Brex and Ramp. And being on the. The receiving end of making a hire from one of those competitors. It hasn't worked out. And being on the end where one of the competitors hired directly from us, like the, the direct competitors. A DocuSign hired from Echo Sign. If Ramp hired from Brex, they got the wrong person. Like the type of person that goes to a direct competitor where it was personal.
