Masters of Scale Strategy Session: How do you gain your users' trust? How do you build a team and company culture at the same time? w/questions from Entrepreneur First and co-host Jason Feifer of Entrepreneur magazine
Sep 26, 2019
Explore how entrepreneurs globally grapple with gaining user trust and building effective teams. Dive into contrasts between startup flexibility and corporate structure while navigating rapid growth. Discover strategies for thriving during economic downturns and the importance of long-term thinking. Insights on cultivating a strong company culture emerge, emphasizing alignment and conflict resolution. Plus, innovative initiatives like 'Lobatical' highlight the value of employee appreciation—setting the stage for sustainable success.
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LinkedIn vs. PayPal: Navy vs. Pirates
- Reid Hoffman discusses LinkedIn's early strategy, which resembled a "small Navy" due to prior co-founder experience.
- He contrasts this with PayPal's "pirate ship" approach, sharing examples of both helpful and unhelpful pirate tactics.
Transitioning from Early Adopters
- Focus on the early adopter attributes that align with your target scale customers.
- Use surveys, analytics, and user groups to identify these attributes and validate your assumptions.
Prioritize Diversity Recruiting Early
- Implement a diversity recruiting strategy from the start to build an inclusive culture.
- Include diverse candidates in your searches and ask your network for diverse recommendations.