ICONIQ Capital · 2024-07-24
· 680d
Engineering Leadership Hiring Patterns: From $50M ARR to IPO in SaaS
ICONIQ analyzes engineering executive hiring trends at SaaS companies in the $50M ARR to IPO stage, revealing that internal promotion becomes 2.5x more common than at earlier stages and that only half of externally hired engineering leaders have prior Head of Engineering experience. The report also shows sector-specific hiring preferences, with Infrastructure companies favoring candidates with infrastructure backgrounds due to product complexity, while Application companies are more flexible on sector backgrounds.
Metrics in this report
External Hires with Prior Head of Engineering Experience
50%
approximately
Externally hired engineering leaders at $50M+ ARR to IPO stage
Internal Promotion Rate Multiplier
2.5xratio
relative
Head of Engineering promotion at $50M+ ARR vs <$50M ARR