Senior executives flock to startups poised for public market glory
Startups that are looking to go public in the near future are seeing increasing interest from senior professionals, enticed by the record number of startup IPOs in 2024, including listings like Swiggy that have turned hundreds of their employees into crorepatis overnight.
Many of these people, from both within the startup sector and outside, are exploring opportunities at companies that are likely to hit the bourses in the next couple of years, said search firms and startup founders. The lure for them is the potential for wealth creation that successful listings open up.
Even in the case of startups where the share prices have fallen since the company’s listing, there are enough instances of professionals who have been able to mint big money through stock options.
Anshuman Das, CEO of executive search firm Longhouse Consulting, said given that most companies are going leaner before hitting the public markets, there isn’t much elbow room to add people. But roles in compliance, risk and finance are among those still in demand.
“There’s a lot of interest from candidates but opportunities are comparatively fewer,” Das said. “The biggest change is the perception around ESOPs; there are enough and more instances to prove that ESOPs are no longer just paper money.”
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