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  • Fire Yourself to Save the Company

    Would you force your way, or would you do what’s best for everyone – even if it meant watching someone else run your baby: even harder – you might have to take some direction from the person replacing you.

    How strong are you – how much can you take without falling apart?

    I ask, because what if you founded a great company, which just last year was valued at $300 million dollars, and today – you’ve been asked to step-down to save the company. Would you force your way forward, or would you do what’s best for everyone – even if it meant watching someone else run your baby: even harder – you might have to take some direction from the person replacing you. Really, how strong are you?

    That’s exactly where Etsy CEO, Rob Kalin finds himself today. You know Etsy – the company where you can buy and sell handmade or vintage items, art and supplies: as Etsy states, the world’s most vibrant handmade marketplace.

    In the Wall Street Journal article, Etsy CEO Kalin Out As Start-Up Faces Growing Pains, Spencer Ante illustrates the casualties of growth for a business, especially if you’re going to be a CEO, who seemingly does not manage well – but seems somewhat eccentric, even to those who are eccentric.

    In Etsy CEO Kalin Out As Start-Up Faces Growing Pains, Ante states, “While Kalin is considered a visionary who co-founded and helped create a profitable company that was valued at $300 million last year, analysts say the switch at the top is a clear sign that Kalin was not the best person to lead the company as the startup encounters growing pains… “It needs to be professionally managed and Rob is not the right guy,” said Anupam Palit, a senior analyst with GreenCrest Capital Management.”

    I don’t know if Kalin left on his own, or was asked to do the honorable thing for the company, yet I appreciate his innovation. It’s always important to know you are, and are not – and that is no criticism, because if you don’t like operations, or at least have the willingness to become good at it – it imperils everything, so the best thing might be to put Kalin back in a creative position – where he is more suited. We’ll see how it turns out.

    Good Luck.

    Calvin Wilson
    Founder and CEO
    Upstart: Business and Management for 20-40 Year Old Professionals
    calvin.wilson1@verizon.net
    http://twitter.com/Upstart__Nation

    Filed Under: Startup/Entrepreneur

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