Chew the Fat
David Shein: Billion Dollar Sale to the Most Challenging Year of His Life
Oct 18, 2023
David Shein, co-founder of Our Innovation Fund and author of The Dumbest Guy at the Table, shares his experiences on the $1.1 billion sale of his business, the importance of attitude in hiring, transitioning from a full-time job to entrepreneurship, shaping careers, participating in a half Iron Man race, and the intersection of high performance and business.
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Quick takeaways
- Passion and charisma are crucial for founders to inspire customers and attract talented individuals to their team.
- Having core values, such as exceptional customer service and employee satisfaction, is vital for building a successful company.
Deep dives
Importance of Passion, Charisma, and Grit in Founders
When looking for a founder, it is crucial to assess their passion for their product or idea. Passion is contagious and can inspire customers and team members. Additionally, charisma plays a role in founders' ability to win over customers and attract talented individuals to their team. Lastly, founders need to possess grit and determination as building a business is challenging, and they need the resilience to overcome obstacles and persevere.
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