AUSTIN (KXAN) — To find its next CEO, Austin-headquartered AppSumo is offering $100,000 to anyone who refers the person ultimately hired as chief executive.
Noah Kagan, founder of the company that offers daily deals for software programs, pointed out that paying that kind of finder’s fee for a CEO actually is “really cheap.”
“How much would you pay for a great wife?” Kagan asked rhetorically. “It’s the same thing with a great CEO, who will make the company millions.”
Kagan hit on a truth that might escape other entrepreneurs: If you hire people in the traditional way, you’re going to get traditional people. If you recruit exceptionally, you’re going to get exceptional talent.
You can read more of this story on the Austin Business Journal website.