But eventually, you start thinking about the next step. And while startups are staying private for longer than ever these days, an eventual IPO is still out there on the horizon. And it's beginning to loom larger—perhaps as soon as next year. You'll have to hire someone to lead the way. Where do you turn?
The powers that be at Airbnb and Robinhood each reached a similar conclusion. Both Bay Area-based unicorns hired CFOs this week, and both opted for men who have spent the better part of the past two decades working at Amazon, with Airbnb bringing on Dave Stephenson and Robinhood reaching a deal with Jason Warnick. Since twice is a coincidence and three times is a trend, it's probably also worth mentioning that another Amazon alum, Allen Parker, joined Zillow earlier this month as the real estate company's new CFO.
It's likely not a mystery why younger businesses would seek to mine Amazon for executive talent. The company has gone from bookseller to world-dominating ecommerce colossus in the relative blink of an eye, and (so far at least) it's proven remarkably flexible and adept when it comes to maintaining its position atop the heap. It stands to reason that high-ranking employees who've worked at Amazon for most of their adult lives would have picked up a few tricks along the way.
Or at least that's what a pair of high-profile companies seem to be thinking. And that's one of six big things to know from the past week in VC: