Investors Shensi Ding, Peter Wagner, and Joe Kaiser share their key advice for new founders and investors. They emphasize the importance of recruiting talent and choosing a focused area of expertise. Joe Kaiser also highlights the significance of authenticity and personal relationships in the investment business.
Recruiting talented individuals is crucial for a founder's success; founders must take charge of the recruitment process.
New investors should focus on a specific area to gain a competitive advantage and position themselves for success.
Deep dives
Importance of Recruiting for Founders
One important piece of advice for new founders is the significance of recruiting. Founders need to source and recruit talented individuals for their company's future success. It is crucial to get comfortable with using platforms like LinkedIn to search for potential hires, as no one else will recruit for certain roles on behalf of the founder. Additionally, being in control of your company's fate means taking charge of the recruitment process and bringing in skilled professionals.
Focus and Expertise for Investors
A valuable advice for young new investors is to choose a specific area to focus on and not stray from it. By becoming an expert or a domain authority in a particular sector, investors can gain a competitive advantage. This focused approach allows new entrants to punch ahead of the pack and position themselves for success. By accurately directing their efforts and becoming knowledgeable in their chosen area, good things are likely to happen for these investors.
On this special segment of The Full Ratchet, the following Investors are featured:
Shensi Ding
Peter Wagner
Joe Kaiser
We asked guests for the most important piece of advice that they'd share with folks early in their venture career.
The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area.