Founders need to 'fire' themselves every 3 to 6 months if they want their companies to grow, says the CEO of a startup disrupting the $1 trillion money-transfer industry
"To do that, we would need to really hit a massive scale and hundreds of team members," cofounder and CEO François Briod said in an interview with Business Insider. "We really want to be this global hub and have an impact on the lives of millions."To achieve that reach and process hundreds of billions of transactions, Briod said his team will need to exponentially scale up from its current baker's dozen employees and handful of partners.
"Part of the most rewarding element of the journey is adding new team members," Briod said. "There is a limit to what you can achieve with three founders."When François Briod and his brother Pascal were just children — 8 and 10 years old, respectively — they launched a nonprofit to provide meals for a children's center in Cameroon.
"When you can still sit around a table, everyone is aware of what everything is doing, it's super easy to collaborate," he said. But as more people join, "you need to find clever ways to keep engaged with the whole team."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why stock market's coronavirus crash is not over, what to buy: BofA - Business InsiderBank of America examined the stock market during every recession since 1929 and concluded the recent meltdown is not over. Here's their trading strategy for a deeper crash.
Read more »
As Saudi Arabia considers postponing Hajj, why is it important for Muslims?As millions of Muslims start preparing for this year’s annual Hajj pilgrimage, Saudi authorities ask followers to delay bookings in light of the ongoing global pandemic.
Read more »
Why America is scared and confused: Even the experts are getting it wrongAmerica’s best scientists and its vaunted public health agency are still learning on the job about the coronavirus. For a terrified American public, the kaleidoscope of changing messages has created more fear, confusion and distrust
Read more »
Why Pizza Chains Are Weathering The Coronavirus Downturn Better Than Their Restaurant CounterpartsThe past two weeks have provided an early glimpse of just how badly the COVID-19 pandemic could affect the restaurant industry in the long term.
Read more »
Why the Global Recession Could Last a Long TimeLONDON -- The world is almost certainly ensnared in a devastating recession delivered by the coronavirus pandemic.Now, fears are growing that the downturn could be far more punishing and long lasting than initially feared -- potentially enduring into next year, and even beyond -- as governments intensify
Read more »
Gig Workers Of America Tell Us Why They Are Going On StrikeThese strikes are monumental in demanding such dramatic changes in these companies’ conditions, but what’s truly historic about these particular protests is that they are being organized and carried about by a usually defenseless segment of workers: those engaged in the gig economy.
Read more »