The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Why Founder Mode is Dangerous & Could Encourage Bad Behaviour | Why Fundraising is a Waste of Time & OKRs are BS | Why Angel Investing is Bad for Founders to Do and the VC Model is on it's Last Legs with Zach Perret @ Plaid
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Oct 16, 2024 
Zach Perret, CEO and Co-founder of Plaid, shares his insights on the dangers of "Founder Mode" and criticizes OKRs as ineffective. He believes that raising funds often distracts founders, advising them to limit fundraising efforts. Zach also reflects on his decision to turn down a $5BN offer from Visa and discusses the implications of high valuations. He emphasizes the importance of addressing "grinder problems" and advocates for sustainable growth strategies, arguing that angel investing can hinder founders instead of helping.
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Talent Outreach
- When doing outreach to talent, keep your message short and to the point.
- People are more likely to respond to concise and personalized messages.
Hire for Spikes
- Look for candidates with exceptional strengths, even if they have weaknesses in other areas.
- A team of specialists can achieve more than a team of generalists.
Avoid Desperation Hires
- Avoid hiring out of desperation, even if a role needs to be filled urgently.
- A rushed hire can lead to problems down the line.