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Typical first-time CEO mistake is to hire people who you& #39;re friends with. I love my friends. I& #39;ve known most of my closest friends since first grade. But I would not hire any of them for a startup unless they were truly exceptional at the jobs we needed them for.
I didn& #39;t hire my friends at the start of my career, but did hire literally the very first people who even showed interest in working with us, simply because I& #39;d never hired before and no one coached me on how to actually run a hiring process. Sometimes we got lucky with a star...
But most companies end up with a monoculture of people who all look and think the same, not because the CEO is a bad person, but because they don& #39;t know just how much they don& #39;t know and it ends up putting a ceiling on long-term outcomes.
Expect to see VC firms starting to put MUCH more emphasis on people & culture expertise from Day 1. The ROI is massive if you get it more right than wrong.
Wow, this has really blown up on VC twitter... here& #39;s my soundcloud lol circa 2013 https://soundcloud.com/alexisohanian ">https://soundcloud.com/alexisoha...
Also please pay attention to what& #39;s happening in #Artsakh #StopAzerbaijaniAggression https://www.opendemocracy.net/en/north-africa-west-asia/nagorno-karabakh-and-turkeys-imperial-ambitions/">https://www.opendemocracy.net/en/north-...
