Kalshi co-founder says having ‘no VPs’ has been key to company’s explosive growth
Source: Fortune ·
Luana Lopes Laura, the world's youngest self-made female billionaire, shared her approach to corporate management.
From the source
For fast-growing startups, adding new employees is a critical—but perilous—step to further expansion. In many cases, a push to add people doesn’t fuel growth, but instead creates confusion and bureaucracy that causes the startup to stumble. In the case of Kalshi, however, the buzzy prediction market—which one analyst says could soon be worth as much as $42 billion—has figured out how to scale up its staffing without impeding its growth. According to Kalshi co-founder and COO, Luana Lopes Lara, the biggest problem companies face as they grow is a flurry of new meetings, approval requests, and red tape. Speaking at Fortune‘s Most Powerful Women summit in Santa Barbara, California, Lara said Kalshi has avoided this by eschewing formal hierarchies. “We are able to very quickly make decisions, and adjust very, very quickly. We’re also a very flat organization. We don’t have ‘heads of’ or VPs, or all of that structure. Everyone just reports to me, or one step away from me, and I think that…