CEO Factory or Just Lucky

The backbone of every high-growth company is its people. In the knowledge economy, a strong team is the foundation for success and top talent is the driving force. As Jim Collins said in his book Good to Great: Why Some Companies Make the Leap… and Others Don’t, “Get the right people on the bus.”

At TheLadders, we will be celebrating our 10-year anniversary this summer. For the past decade, we have hired more than 500 people, constantly focusing on getting the “right person on the bus,” and constantly ensuring that they are sitting in the right seat on that bus. We always strive to hire the best and get the most from our staff. Coaching, just like in sports, is the key to empowering employees to reach above-and-beyond. Just as with Sir Roger Bannister, we want TheLadders to break the four-minute mile; achieve what they might perceive to be unachievable.

Not surprisingly, TheLadders alumni network in New York City is strong and vibrant. When we ask them what they miss most about working at TheLadders (besides Bagel Friday!), they say it is the people. Over and over, we hear from our current and former employees that what makes the difference are the incredible colleagues they have worked with or are working with.

At TheLadders, we do not expect our staff to work here forever. Eventually, we know that people will leave. Furthermore, we know that as much as we enjoy promoting from within, we cannot possibly promote every great hire to a Vice President or C-level position. That said, one measure of our success is to assess where our alumni end up, post-employment with us. It is always a great sign when one of them lands a top job. That is the way that Jack Welch, Chairman and CEO of General Electric from 1981 to 2001, looked at his company. In the 90s, when a company needed a loan, it went to a bank. When a company needed a CEO, it went to General Electric, which minted business leaders the way that West Point mints generals.

Last week, I was thrilled to read in All Things Digital that Ware Sykes, TheLadders’ former VP of Sales & Services, became the CEO for NoWait, the OpenTable for restaurants that don’t take reservations. Ware joined TheLadders in 2006 as an MBA intern from Columbia Business School and worked his way up the executive rank.

Last month, when I heard that Jake Levine, General Manager at Digg, made Forbes’ iconic “30 under 30” list, I tweeted and posted the following link: http://onforb.es/Ws5iRZ. Prior to joining Betaworks/Digg, Jake did strategy work at TheLadders, directly reporting to TheLadders’ Founder Marc Cenedella and me.

Here are several other alumni who became CEOs and entrepreneurs after working with us:

• Derek Pilcher, Managing Director and owner, TheLadders.co.uk

• David Carvajal, Founder and CEO, Dave Partners, LLC

• Michael McCurdy, Co-founder and CEO, TestingMom.com

• Thilo Semmelbauer, President and COO, Shutterstock

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