GoCardless, the leading payment processing platform that aims to be the “World’s Bank Payment Network”, has appointed Yasmin Sharp as Vice President of Business Development & Partnerships.
Ben, the leading platform for flexible employee benefits, has appointed Nikki Stones as Vice President of Marketing in a strategic partnership with Faraday Partners.
Druid AI, a leader in conversational AI technology, has appointed Jed Alpert as Chief Marketing Officer, highlighting its commitment to global expansion and brand building.
Lyst, a leading fashion technology company and global fashion search platform, has named Yale Varty as Chief Commercial Officer.
Samaipata, an early-stage investment fund for digital businesses in Europe, has appointed Irene Gentili as Investment Manager.
Data-driven decision making has surpassed traditional human judgement in the executive talent landscape within consumer internet verticals. This new paradigm shift necessitates established consumer companies to adapt and make radical transformations to survive and thrive in an increasingly AI-driven market.
Faraday Partners congratulates Carbonfact on their recent funding round.
As the EMEA region experiences a deepening shortage of tech executive talent, the ramifications for emerging companies and the broader tech ecosystem are becoming increasingly apparent. With a shrinking pool of experienced leaders, organisations are exploring unconventional solutions, including fractional roles and international hires. However, the risks associated with grooming less-proven candidates and the complexities of attracting foreign talent present significant hurdles.
There are many challenges faced by startup founders in executive hiring amidst signs of economic recovery in 2024. In light of these challenges, Faraday Partners emphasises the importance of strategic planning and data-driven decisions in navigating the talent landscape, and highlights the need for foresight amidst uncertainty.
At Faraday Partners, we have developed a methodology to clearly set and measure the expectations for a key executive hire. It starts by covering fundamental questions and getting multiple stakeholder viewpoints documented on the key parameters for the success of the desired candidate. We want to share these questions publicly to enable those looking to set up an executive hiring process to do it with the right preparation.
This strategic shift signifies a departure from the Silicon Valley-centric mindset and reflects a desire for global expansion and diverse experiences. However, while executives see Europe as a promising destination for career growth and personal fulfilment, they encounter challenges in navigating localised recruitment processes and accessing investment opportunities.
A snapshot of the prevailing trend of "runway extension" in 2023 reveals organisations are delaying necessary leadership changes due to financial constraints or lack of support. Despite recognising the issue, many founders hesitate to replace underperforming leaders, fearing the repercussions. However, some businesses are taking proactive steps to refresh their leadership teams, particularly in key areas like revenue, finance, product, and marketing, to drive growth amid market uncertainty.