FT Start-Up Stories Episode 9 - Going for growth
Dec 21, 2015
In this engaging discussion, Andrew Mullinger, Co-founder of Funding Circle, shares insights from his startup journey in corporate debt. He highlights the thrill and challenges of rapid growth while balancing short-term gains with long-term vision. Andrew emphasizes the importance of strong communication with investors and adapting employee roles as the company expands. He also discusses how collaboration with other businesses can ignite success and nurture a shared purpose, underscoring the need for adaptability in a constantly evolving market.
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Episode notes
Balancing Speed With Strategy
- Startups must balance rapid short-term action with long-term strategic investment to survive and scale.
- Andrew Mullinger says that balance shifts as companies grow and requires deliberate adjustment.
People Change With Company Growth
- Personal relationships change as headcount grows and roles must be redefined to match business needs.
- Mullinger stresses honest conversations about skills and fit when roles outgrow people or vice versa.
Have Open Conversations With Staff
- Have open, honest conversations with employees about their skills, ambitions and fit with new roles.
- Mullinger recommends compassionate dialogue rather than instant firing when roles evolve.