‘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

        Kansas’ angel tax credits sprint to legal finish line

        By Tommy Felts | March 22, 2016

        The Kansas House of Representatives nearly unanimously agreed that the state’s Angel Investor Tax Credits program must continue to boost early-stage businesses. The House voted 122 to 3 in favor of a measure that will extend the life of the $6 million program until 2021. Angel investor tax credits, which are set to expire in 2016,…

        Shawnee native sells another startup for over $1B with GM deal

        By Tommy Felts | March 21, 2016

        General Motors is hoping to become the leader of self-driving car technology with the gargantuan acquisition of Cruise Automation, whose founder has a local tie.   GM announced on March 11 that it purchased Cruise for more than $1 billion in a move that aims to accelerate the development of GM’s autonomous vehicle tech. Cruise…

        Kansas’ angel tax credits score first victory but hurdles remain

        By Tommy Felts | March 18, 2016

        A bill extending Kansas’ popular Angel Investor Tax Credits scored its first victory Thursday, but legislators must make quick work of the measure if the program is to survive. The Kansas House Committee on Taxation unanimously approved a measure to continue the program, which offers accredited investors a tax credit of up to $50,000 on…

        Regional Roundup

        Sharing economy labors over lawsuits, paradigm shift for cyber security law

        By Tommy Felts | March 17, 2016

        Here’s this week’s dish on the sharing economy, the issues with backdoor encryption, and corporate-to-startup collaboration. Check out more in this series here.   AustinInno – The gig economy is at a crossroads as lawsuits, innovative benefits expand As the sharing or “gig” economy expands with companies like Uber and Lyft, it’s not just permit…