Quick, Get Me a Desk
You've got that $5 million in venture capital. But where do you
get health insurance for employees? Where do you get a copier for
the office? Heck, where do you get an office?
From Linda Kellogg, if you're lucky. Kellogg is no VC, but in some
ways she's just as indispensable. Working as the director of human
resources at Venture Law Group, she was constantly being tapped
for advice by 28-year-old wonder boy CEOs. " Here's this very
bright Harvard M.B.A., who just got $12 million, asking me where
to get phones," she recalls. Hello, business plan.
In 1996 she founded Start-Up Resources, and has helped 45 companies
get up and running- 15 in the past two months alone. Although she
charges $110 an hour, she still turns down six or seven jobs a week.
"It was probably harder to get her than to get our VC,"
says Kris Hagerman, the CEO of Affinia. "I bought her lunch
and pitched her for an hour and a half." Kellogg waived her
fee and, VC-like, took equity in lieu of cash.
To outfit her clients, Kellogg scours the papers for news of company
relocations and closings, so she can pick up used desks and chairs.
She furnished the 25-person Affinia office for a bit more than $1,000.
The whiteboards were so fresh from a failed start-up they still
had the old company's competitive analysis on it. The competitors
apparently won.
Virtual assistants are offered full-time jobs from all their clients.
No one is interested. "I just tell them, 'You can't afford
me,' " explains Kellogg.
-J.S.
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