What we have learned from seeing multiple successful companies hiring at the right time.
If we have learned anything from all this time helping early stages companies hiring tech talent outside the US, is that being at the right moment to do it matters a lot. It is not coincidence that successful founders leveraged this option since the early days but only when they were ready.
So, the question is: when is your company ready?
There are many factors involved for answering this question but let's focus on the most important. Having the right people with you before you start hiring is key, in this case if you are looking to hire technical people, you must be a technical founder or have one in your team. First, because it is fundamental to be able to interview the candidates for the tech role from a technical perspective validating their skills; and second, in order to guide them on a daily basis while building the product. Without a technical leader these engineers are at risk of loosing track and also decreasing their performance significantly. The CTO will define the product's architecture, technologies to use, the objectives for each release and set the communication framework for effectively working with the team no matter where they are.
The second factor according to us is having the right amount of capital available. Most founders think of hiring outside the US as a way for saving money, while this might be true compared to hiring in-house engineers, founders must know that developing great software products is expensive no matter what or where you built it. Having raised a pre-seed or seed round is key for securing the right development of your product, even though you might save half the money by hiring software engineers outside the US, building a robust product will take several months and you must consider this in your runway.
Other factor is that you must have a very clear reason why you need this extra workforce, what specific tasks this/these engineer(s) will be developing in your product or parallel to it. This normally happens when you already have the first version out in the market, and your core team is working on new releases requiring more people to jump in for accelerating the development and meeting that thigh deadline.
These are some of the main factors we have constantly found in successful startups working with us, do you have others in mind? Drop us a line and share them for the rest of us!
Stay tuned for next events including deeper conversations around this topic!