And let’s be clear: The term “culture and employee engagement” doesn’t mean “Happy Hours” and “Pizza Parties:” Navigating Market Downturns and Other Startup Advice with Melanie Naranjo, Head of People at SaaS Startup Ethena

“You both have context for this introduction, so I’ll let you two take it from here! I know you’ll really enjoy chatting.” That was the email one of Ethena’s founders sent to me and Melanie Naranjo on 8/21/21, a bit over two years ago. At the time Melania was in discussions with Ethena about joining the startup as VP People, happily employed at a larger company but knowing she wanted new challenges. I’d been an investor in Ethena since its first funding so had enough history on where they’d been — and where they were going — to help give Melanie more context. I’m glad she agreed it was the right role — both her responsibilities and the company (a leader in the compliance training space) have grown quickly in the time since. So here are Five Questions with Melanie Naranjo.

Hunter Walk: One of my favorite things to do for founders is speaking with people who are considering joining their startup. And I was fortunate enough to have this opportunity with you, in August 2021, as you were evaluating the opportunity at Ethena. What were the final things on your mind before joining…