Revolut founder Nik Storonsky has appeared to have recruited Ilya Kondrashov to head up his AI-powered venture capital firm Quantum Light.
How to hire a CEO
Storonsky said in May that the VC firm didn't need to adopt a rigorous process for sourcing diverse candidates like Revolut has done, which hires hundreds of people a month. But it seems he failed to follow through on one part of the process when it came to hiring a CEO. “For Quantum Light, it’s a very small team of six people so you can cherry-pick if you want and you don’t really need to have a process, but we want to hire a woman,” he said, adding that they were several female candidates for CEO back in May.
The fund still appears, however, to be in the hiring stage for several positions, including roles in data and a head of capital role withto build out its relationships with limited partners. The fund follows in the footsteps of other billionaire fintech founders who've set up investment vehicles. Checkout.com CEO Guillaume Pousaz founded his family office Zinal Growth in August last year. Itinterviewed Hanna Wachtmeister© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Tom is fintech reporter at The Block.
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