The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot

Aug 2, 2019
Waseem Daher, the Founder and CEO of Pilot, previously initiated Ksplice and Zulip, highlighting his prowess in tech startups. He believes passion is overrated in entrepreneurship, advocating instead for organizational discipline and effective team dynamics. Waseem shares insights on the importance of co-founder relationships and emphasizes empathy in leadership. He also critiques traditional fundraising methods, arguing for a reevaluation of how companies should approach growth versus personal well-being.
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ANECDOTE

Ksplice Founding Story

  • Waseem Daher and his co-founders, all MIT computer club alumni, started their first company, Ksplice, after graduation.
  • They bootstrapped Ksplice, which focused on live software updates, and later sold it to Oracle.
INSIGHT

Serial Entrepreneurship Learnings

  • Waseem Daher believes that while serial entrepreneurship isn't mandatory for success, each venture provides valuable learning experiences.
  • His experiences with Ksplice, Oracle, Zulip, and Dropbox significantly shaped Pilot's operations.
ADVICE

Co-founder Relationships

  • Build strong, trusting relationships with co-founders, based on mutual respect and clear expectations.
  • This minimizes founder drama and improves team performance.
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