Categories: Tech

My big jump: Sukhinder Singh Cassidy’s CEO journey – TechCrunch



After listening to others pitch me a number of totally different job alternatives whereas nonetheless at Google in 2008, it grew to become clear to me that I’d make a greater resolution if I may absolutely discover the bigger panorama of recent firms rising in Silicon Valley.

I had spent the final a number of years specializing in Google’s enterprise exterior the U.S., and I actually felt out of contact with the startup world. Past my objective of changing into a CEO of my very own firm, I had two different ambitions: I needed to assist construct an ideal client service that might delight individuals (doubtlessly in e-commerce) and I needed to construct additional wealth for myself and my household.

To raised consider my choices, I made the choice to give up Google first and discover a approach to research the broader ecosystem of firms earlier than selecting the place to go. Resolved to provide myself a “clean slate” earlier than making a last selection, I left Google once I was three months pregnant and joined Accel Companions, a prime Silicon Valley enterprise capital agency and an investor in my earlier startup, in a brief position as CEO-in-residence.

Within the months that adopted, I helped Accel consider funding alternatives throughout all kinds of digital sectors, with a selected give attention to e-commerce, taking the chance to review these firms I’d be part of or consider ranging from scratch.

On Thursday, August 19 at 2 p.m. PDT/5 p.m. EDT/9 p.m. UTC

Managing Editor Danny Crichton will interview Sukhinder Singh Cassidy, creator of “Select Chance,” on Twitter Areas.

Considered one of Accel’s key companions, Theresia Gouw, helped me brainstorm, becoming a member of my cadre {of professional} clergymen. We had recognized each other for over a decade (I initially met her as a younger founder at Yodlee) and have been at related levels of our careers, so I knew she may determine personally with my profession quandaries. Like me, Theresia was pregnant along with her subsequent youngster and at the same life stage — yet one more commonality.

Picture Credit: Sukhinder Singh Cassidy

Whereas at Accel, I spent a disproportionate period of time testing my macro thesis that on-line buying was about to blow up in new methods. I had seen the rise of e-tailers at Google (many of those firms, equivalent to eBay and Amazon, have been Google’s largest advertisers on the time), however most of the main e-commerce websites like Amazon and Zappos nonetheless had a utilitarian really feel to them.

In the meantime, new trend and décor e-commerce websites equivalent to Lease the Runway, Gilt, Houzz, Wayfair and One Kings Lane have been popping up in every single place and rising quickly. These websites sought to faucet right into a extra aspirational and entertainment-oriented form of buying expertise and transfer it on-line.

Knowledgeable traders like Accel and others have been funding them, and my very own observations urged that this space would yield one other huge wave of on-line client progress. These life-style classes of buying additionally appealed to me personally; I used to be the goal buyer for a lot of of them.

I began to work on an concept for a brand new e-commerce service, a luxurious model of eBay, whereas listening to the pitches of each e-commerce firm that was searching for funding and speaking to a number of that wanted early-stage CEOs. I continued to take heed to non-e-commerce pitches as properly, merely to provide myself a degree of reference for evaluating on-line buying alternatives.

At Yodlee and Google, I had been fortunate sufficient to work with extremely sensible and proficient individuals who shared my values, and I needed to do the identical at my subsequent enterprise.

I needed to work with nice traders, too, and thankfully I had the power both to work with Accel-funded firms, begin my very own or leverage different investor relationships I’d developed. I hung out with a number of firm founders to attempt to discern who they have been as leaders, along with what they have been engaged on.

By this level in my profession, I had a fairly clear concept of my very own superpowers and values, so I seemed to seek out firms that might benefit from my distinctive items and whose founders or senior leaders had strengths complementary to mine.

Particularly, I hoped to affix an organization with a really sturdy engineering and product administration tradition that wanted a CEO with technique, imaginative and prescient, enterprise improvement, fundraising and team-building experience. Making use of these standards, I turned down a number of alternatives at firms whose founders had ability units too much like mine, reasoning that this overlap would possibly result in battle if I ever grew to become CEO.


Lastly, I used my time at Accel to suppose lengthy and exhausting in regards to the dangers I’d absorb changing into a startup CEO and whether or not I may afford to fail. My greatest danger by far was ego- and reputation-related. Aware of how precarious early-stage startups are, I feared that I would go away a profitable position as a world government solely to undergo a really massive and visual failure. However the extra I considered this, I confronted this ego danger head-on and concluded that my fame as an government from Google would hopefully be sturdy sufficient to outlive one failure if it got here to that.

The private dangers of taking over a startup CEO position felt totally different however not higher than these related to my job at Google. Whereas I knew that serving as a first-time CEO whereas having one other new child at dwelling (my son Kieran) can be immensely annoying, I’d possible profit from now not touring all over the world for days and weeks on finish and dealing throughout a number of time zones, as I had beforehand.

Final, I evaluated the monetary dangers of potential strikes. Though my startup fairness would have unsure worth for a very long time, I judged this a danger value taking, given how excited I’d really feel to have extra affect and duty as CEO. Whereas I misplaced a big monetary package deal in selecting to depart Google and switching to a startup wage, I may pay the payments at dwelling whereas digging into my financial savings solely barely. Underneath these situations, I used to be ready to make the leap.

In early 2010, nearly a 12 months after I left Google, I lastly discovered the proper alternative and determined to affix trend expertise startup Polyvore as its full-time CEO. A precursor to Pinterest, Polyvore was primarily based on the concept that ladies may “clip” on-line photos to create trend and décor concept boards digitally that have been immediately “shoppable.”

Hundreds of thousands of younger ladies (together with influencers) have been already utilizing the service and beloved it. The founding crew was led by a rock star engineer, Pasha Sadri, together with three different product and expertise people he recruited from the likes of Yahoo and Google.

Pasha was recognized for his intelligence, and we had related informally over time for espresso, every time having nice discussions about enterprise technique. Actually, Polyvore twice earlier than had tried to recruit me to turn out to be its CEO, as soon as once I was at Google and once more once I departed that firm in 2008. Again then, I’d spent a productive afternoon with the founding crew, serving to them suppose by means of their enterprise mannequin. I additionally knew Peter Fenton, one among Silicon Valley’s most profitable traders and a number one funder of the corporate. Peter was the one who first launched me to Polyvore and who continued afterward to passively courtroom me.

Having spent a lot time exploring my choices from a number of angles, I used to be now poised to make an ideal resolution. I felt satisfied that e-commerce was beginning its subsequent wave of progress, and felt excited to be a part of it.

Inside that imaginative and prescient, Polyvore was among the many firms finest positioned to succeed, and I knew I may contribute in vital methods to constructing a service that might delight hundreds of thousands. I used to be impressed with the strengths of Polyvore’s founder and traders and anticipated that I’d be capable to complement their efforts properly. Recognizing that my success as a startup CEO hinged on my relationships with the founder and board, I had additionally invested time to get to know them.

In the meantime, I had confronted my worry demons, taking monetary danger however negotiating my provide aggressively to account for draw back eventualities I imagined, and coming to grips with my ego danger. With all this work in place, I lastly jumped.

After managing a multibillion-dollar revenue and loss and main a 2,000-person crew at Google, I grew to become the newly minted CEO of a 10-person trend startup in February 2010.

As we tee up the larger selections in our careers, all of us face crucial moments of resolution. No selection we make will likely be good, and all of the frameworks on the planet received’t get rid of danger completely. However we don’t want perfection or freedom from danger. We simply must take the following step.

By selecting thoughtfully, utilizing all of the instruments at our disposal to maximise our upside and anticipate our draw back, we will grasp the alternatives obtainable to us whereas equipping ourselves to deal with no matter challenges actuality throws our approach.

Excerpted from “Select Chance: Take Dangers and Thrive (Even When You Fail)’ by Sukhinder Singh Cassidy. Copyright © 2021 by Sukhinder Singh Cassidy. Revealed and reprinted by permission of Mariner Books/Houghton Mifflin Harcourt. All rights reserved.


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