Jason M. LemkinCEO, SaaStr · Co-Founder of SaaStr AI, SaaStr Fund, Adobe Sign

Scaling Success When to Hire a VP for Rapid Business Growth

24 Apr 2024 · 0 min

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0:22

A short clip of Jason M. Lemkin advising founders on when to hire VPs during rapid growth. He recommends hiring VPs as soon as any function (sales, product, etc.) becomes a ~50-hour-per-week responsibility, and notes this can be appropriate as early as $1–2M ARR if capital allows.

And no. Even as early as 1 or 2 million in ARR. If you have the capital. If you do and you're growing, you're ready for a VP of everything, you're ready to not do it yourself. Things are starting to get complicated. Do you have 50 hours a week to be the VP of Sales? Do you have 50 hours a week to be the VP of Product? No, you don't. Once any function becomes a 50 hour a week function, you need ahead of it and go hire them.