The Tale of Lynx case
What were the most critical choices faced by James Milmo early in the founding of Lynx? Do you agree with his decisions?
The most critical choices faced by James Milmo, early in founding of Lynx are as follows:
• Going to Business School or not?
• Partnering with Doug Curtis or Not?
− Doug Curtis was a Veteran Entrepreneur
− Having worked with Doug on past ventures, James was aware of him and his skills
− Idea of Real Estate failed and James Milmo does not have great confidence on him
• Partnering with Javier Pascal?
− A tough Guy and people respect him
− Trust and compatibility between Pascal and Milmo
− A software expert, considering that software was architected in a scalable manner thus enabling Lynx to change their strategies few times and was able to adapt to those strategies
• Equal Distribution of equity?
− Milmo wanting all three to get equal equity
− Curtis not ready and creating platform to throw Pascal Out
− Good decision involvement by Milmo, not to let go Pascal out
Has the founding team done a good job of structuring itself and building the Lynx organization?
• Making Curtis as a CEO
− Co-founders established Lynx with the triumvirate structure.
− Milmo was President and Chairman, Curtis was CEO, and Pascal was CTO.
− Milmo and Pascal were appropriate for their positions, while Curtis, who had years of sales experience for VC-backed companies, was suitable for marketing or raising funds rather than CEO
− CEO is a people’s job and , Curtis was a failure in this role
− A bad job of Making Curtis a CEO
• Milmo looking for Renaissance People
− Less people and more skills- a good deal
− A good job of finding multi-dimensional people
• Hiring a Human resource officer
− Initially Milmo did all the hiring for ‘Renaissance People’
− Milmo has no trust on others in judging people
− Milmo has trust on one friend who can do this job nicely
− Calls him and hires a costly ‘Head of hiring’...