‘More is better’ TrueAccord CEO says as Silicon Valley startup plans for 150 KC jobs

May 3, 2019  |  Elyssa Bezner

TrueAccord Kansas City

TrueAccord is “furiously hiring” to jumpstart the San Francisco-based startup’s intense expansion plan now supplemented by a growing Lenexa office, said Ohad Samet.

Ohad Samet, TrueAccord

Ohad Samet, TrueAccord

“We’ve been very successful [in Silicon Valley], but at some point we realized that we really needed to blow up,” said Samet, co-founder and CEO of the debt recovery startup, which recently pledged to add 150 jobs to the Kansas City area out of its 16011 College Boulevard space.

“While we enjoy having operations in San Francisco and we’ll always have our headquarters there, we wanted to look for a market that we can extend in and tap into that talent that not a lot of other people are seeing,” he continued.

With the current count at 15 employees after a few weeks of operation, TrueAccord expects an increase to 50 by the end of 2019, then finally to the promised 150 over the next three years, Samet said.

“Honestly, given our growth projections for the company, [the 150 goal] could be an understatement,” he added. “We don’t know yet. What I will say is that we’re very excited about everyone we have hired.”  

The team at TrueAccord conducted a wide search when looking for the perfect operations base but ultimately chose the Kansas City area because of its available space for growth, Samet said, noting the cost of living, access to operations and engineering talent, as well as the ability to grab a direct flight to San Francisco played a role as well.

“I think when we chose [Lenexa] everyone was like ‘Oh, that’s interesting,’ but in a few years they’re all going to say, ‘Wow, you saw something that we didn’t see,’ — that’s Kansas City to us,” he said.

“It was the right thing to do,” Samet continued. “They’ll catch on in a few years. In the meantime, we’ll be doubling down.”

Click here to read TrueAccord’s initial announcement of opening its operations base in Lenexa.

The Thursday ribbon-cutting ceremony at the company’s new space at 16011 College Boulevard highlighted an overwhelmingly positive reception from the Kansas City community, he said, noting the presence of Lenexa mayor Mike Boehm, and the KC Chamber of Commerce.

“It was a charming ceremony,” Samet said. “We’re excited to see those opportunities that are usually reserved to the coastal cities in Kansas and Missouri and to hire people who want to live here but have the startup experience across multiple functions.”

Samet aims for a long-term impact of perpetuating startup culture alongside the mission of TrueAccord, he added.

“I’m hopeful that in a few years down the line, maybe this is a huge office with hundreds of people working here for two to three years then cycling out to build their own companies,” he said.

“If we’re really successful then we can help kickstart the startup scene here — not to say that there isn’t a scene [already] — but my impression is that more is better and we can be a part of that more,” said Samet.

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

Tagged ,
Featured Business
    Featured Founder

      2019 Startups to Watch

        stats here

        Related Posts on Startland News

        Survey dissects area investors’ challenges, interests with startup deals

        By Tommy Felts | May 20, 2016

        A recent survey of high-net-worth investors in the Kansas City area has found that most could benefit from independent due diligence and improved communication with other investors. The survey — conducted by KCSourceLink and the Alternative Investment Forum spoke with 80 area investors about their activities in early-stage investment. Mark Meyerdirk, founder of the Alternative…

        Meet the new ambassador of area techies: The KC Tech Council

        By Tommy Felts | May 20, 2016

        The organization formerly known as KCnext has announced a rebrand that will make it a fully-independent organization focused on tech workforce development, advocacy and industry access. The newly-formed KC Tech Council announced its name change Friday, marking its departure from the Kansas City Area Development Council. While still partnering with the regional economic development group, the…

        Events Preview: 1WeekKC edition

        By Tommy Felts | May 19, 2016

        There are a boatload of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter or curious Kansas Citian, we’d recommend these upcoming events for you. WEEKLY EVENT PREVIEW Zen and the Art of Failure When: May 19 @ 4:30 pm – 7:00 pm Where: Village Square We’re inviting the Kansas…

        Kauffman: U.S. entrepreneurial growth on upward trend

        By Tommy Felts | May 19, 2016

        For the third year in a row, U.S. entrepreneurial ventures are growing, indicating that domestic entrepreneurship growth has rebounded since the Great Recession, according to the Ewing Marion Kauffman Foundation. The “2016 Kauffman Index of Growth Entrepreneurship” found the improvement was in large part thanks to startups growing faster in their first five years than…