Jason Lemkin's 4-part litmus test for VP hires in 60 days or less
The Gist
- 60-day VP test: great hires, metric improvement, workload relief, team buy-in
- Real VPs recruit constantly and have candidates ready on day one
- Excuses about slow progress signal misfit hires that cost 12+ months of runway
Key Quotes
50% of the job of a real VP is recruiting. And the best ones always have at least 1 or 2 great candidates in their back pocket.
If they haven’t hired anyone great in the first 30-60 days … they probably never will. And they probably aren’t a real VP.
Key Insights
- A good VP should hire at least 1-2 great candidates in their first 30-60 days, as 50% of their job is recruiting.
- A VP should improve at least one key metric (e.g., sales, leads, CSAT, product velocity) within the first 60 days.
- A real VP must take part of the job off the founder's plate quickly, otherwise, they are not effective.
- The team's confidence in the VP should build within the first 30 days; if not, the hire may not be a good fit.
- If a VP doesn’t pass all 4 criteria (hiring, metric improvement, workload reduction, team confidence), founders should move on quickly to avoid compounding damage.
- Stretch VP hires are acceptable, but they must deliver on core responsibilities within the first 60 days.
Actionable Takeaways
- Evaluate new VPs rigorously within 60 days using the 4-part test (hiring, metric improvement, workload reduction, team confidence).
- Move on quickly if a VP fails to meet all four criteria to prevent long-term damage.
- Prioritize VPs who can immediately improve a key metric relevant to their role (e.g., sales, leads, CSAT).
- Ensure the VP reduces the founder's workload in their domain within the first 60 days.
Data Points
- 30-60 days (Timeframe for evaluating a VP's initial hiring and performance impact.)
- 50% (The portion of a VP's job that should be dedicated to recruiting.)
- 20% to 30% growth (Minimum improvement a great VP of Sales should achieve in tough times.)
RevBots.ai View:
Founders should run this assessment at day 60 exactly - earlier risks false negatives, later wastes critical growth time.
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