A few days before DoorDash went public last December, the food-delivery company hired a new vice president of enterprise sales and business development, Shanna Prevé. A 16-year veteran of Google, Prevé weighed the decision for six months before making the jump. Yet she’s far from unusual. Prevé is part of a growing cadre of midlevel executives from big tech companies defecting to fast-growing startups.
In the past three months, grocery-delivery service Instacart has recruited four executives from public tech companies, including two from Facebook: Asha Sharma, a Facebook vice president, to be its chief operating officer, and Max Eulenstein, a director from Instagram, as vice president of product for the Instacart App. Meanwhile, in March, Google vice president Aparna Chennapragada joined Robinhood to become the stock trading app’s first chief product officer.
The migration is part of a wider battle for tech talent that has been intensified by skyrocketing startup valuations and blockbuster initial public offerings. Data provided to The Information by TopFunnel, a firm that builds software to find and track prospective candidates, shows that private tech companies ramped up their recruitment efforts for executives at Google, Facebook and Amazon in October. Such outreach spiked again in March, the data show.