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Investor Connect Podcast


Investor Connect is for investors interested in learning more about investing in startup and growth stage companies. Experienced investors share their experiences and advice with those who are considering an investment into startups and growth companies. It includes a podcast series of interviews with investors to inform others about the process of funding startups as well as a resource list and a discussion board.  

Topics include sourcing, analyzing, and researching companies. Other topics include valuations, terms Sheets, board of directors, board of advisors, due diligence, syndicates, venture capital, angels, angel networks, family offices, crowdfunding, exits, and more.

Investor Connect is a community program. We welcome your suggestions for speakers and topics which you can send to us through the Contact page. No registration is required to use the resources.  Discussion boards are available to post and answer questions about startups and growth company investing through which registration is required.

Investor Connect is a program under the Texas Open Angel Network which is a 501(c3) non-profit dedicated to the education around startup funding.

Disclaimer: Hall T. Martin is the Director of Investor Connect which is dedicated to the education of investors for early stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Jan 30, 2025

Replacing Toxic Employees

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Toxic employees can have a detrimental impact on your employees, company culture, reputation, and revenue.

It can be easier to find a new employee than to change an existing one.

If behavior change doesn’t work then one must replace the toxic employee.

Here are the steps to making the change:

Determine when you should let the employee go.

You can either hire the replacement first and then let the employee go or fire the employee first and hire the new employee later.

In many cases, it’s important to remove the toxicity as soon as possible.

Keep the employee change quiet and within a small circle of those who need to know.

It’s not required that everyone has a going away party.

Be careful with public postings for the position and consider hiring from within.

Interview candidates in a discreet manner so it’s not clear to everyone that people are being interviewed.

Discuss this with the toxic employee and indicate that it’s time to separate.  

If you don’t already have an employee policy procedure for employee departures, then now is a good time to create one for all employee separations.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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