This Week in Startups Building a Great Team: Startup Checklist E5 | E1319
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Nov 4, 2021 Discover essential strategies for building a successful startup team. Explore the art of strategic hiring and how to attract talent despite competition from tech giants. Uncover creative compensation methods that prioritize equity and meaningful work over salary. Learn the importance of self-management within teams to enhance performance and align values with company goals. Get insights into the role of co-founders and effective communication practices that can transform chaos into structure in the startup ecosystem.
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Co-founders
- First-time founders should find a co-founder.
- VCs prefer multiple founders for reduced risk and divided workload.
First Hires
- Assess your team's strengths and weaknesses to determine your first hires.
- Consider your 18-month goals and funding to inform hiring decisions.
Generalists vs. Specialists
- Early-stage startups often hire generalists who handle multiple roles.
- As the company grows, specialists replace generalists for focused expertise.