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Allen Bastow
Partnering with VCs & startups to recruit senior product talent 🍋
Allen Bastow is a seasoned professional with over 10 years of experience in building product teams globally.
He is a firm believer in the power of connecting individuals with the right opportunities to address real-world challenges, prioritizing ethics over profit.
With a background in Biomedical Sciences from Coventry University and education from English College Dubai, Allen has honed his skills through various roles in reputable organizations.
Allen's career history includes pivotal roles such as Founding Partner at Zest Search, Head of Talent at Zedsen, and various leadership positions at Few&Far focusing on product management and executive search.
His diverse experience also extends to organizing events like The Hacker Games and working as a Tour Guide at Piemonte Motorcycle Tours.
For inquiries or collaborations, Allen can be reached at [email protected].
Highlights
Q1 market trends so far:
Profit over Growth:
- Companies are still prioritising profitability over rapid growth. This shift is leading to a preference for lean and efficient operations, where Product Managers have to show a clear understanding of how they impact the bottom line.
Demand for Industry Specialists:
- There is an increased demand for Product Managers with deep industry or specific product knowledge. Employers perceive specialists as less risky due to their tailored understanding of industry nuances, which allows them to take less time to get up and running.
VC and PE Dynamics:
- VC funds are still flowing towards earlier-stage businesses rather than focusing on high-growth rounds. Meanwhile, PE activity has increased, particularly in acquisitions and mergers of companies that didn't find product-market fit or had exhausted their runway.
Fractional CPOs are in Demand:
- With investments flowing into earlier-stage businesses, fractional Chief Product Officers have become more in-demand. Start-ups may lack the resources or need for full-time CPOs but still require expert guidance. When it comes to permanent hiring, individual contributors with strong leadership skills are the commodity.
EU's Demand for UK Talent:
- Product management is notably more mature in the UK than it is in the rest of Europe. Consequently, this has sparked a growing trend across European companies to actively recruit talent from the United Kingdom.
Rise of the CPTO Role:
- The Chief Product Technology Officer (CPTO) role is gaining prominence. It would appear the main reasoning for this is either a cost saving effort or to encourage better alignment across product and technology.
Extended Interview Processes and Higher Compensation:
- Interview processes are becoming more rigorous, with an increased emphasis on references. Companies are willing to invest time in finding the right candidate and are often prepared to offer above-market salaries to secure top-tier talent.
Keen to hear people's opinions or any other market trends that they are seeing.
📊 Our Latest Report: Unlocking UK Salary Insights 🇬🇧
In the past year, we've interviewed hundreds of UK candidates, revealing fascinating trends in the evolving work landscape.
🌐 Remote & hybrid work surge: Salaries are harmonising across the UK 📈
🔍 Purpose of this report: Foster market transparency!
💼 Biggest challenge when salary grading: Total compensation fluctuates with business stage, while share prices and business valuations can go up and down in a blink of an eye. Our report focuses on fixed income across various business stages.
🔬 Method: We sliced and diced the data, removed outliers, and calculated mean averages.
🚀 Job titles simplified: We categorised talent into four groups: Future Leaders, Early Leadership, Senior Leadership, and Heavyweight Leaders. Check out slides 2 & 3 for our grading criteria.
To get the full report reach out to myself or Luke Pallett at Zest Search! #UKSalaries #MarketInsights #ZestSearch 🍋
