Second Time Founders
E40 What drives us to create venture backed business
Oct 4, 2023
Founders discuss their motivations for starting a venture-backed business, including upbringing, proving oneself, and being in a growth-oriented environment. They also share their experiences of a two hundred million dollar acquisition and the challenges of entrepreneurship. Additionally, they explore clout measurement in the digital landscape and highlight the importance of high-impact individuals for business success.
52:26
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Quick takeaways
- Tech companies can have a significant impact with talented individuals and need to prioritize hiring top talent across various roles.
- Identifying and attracting highly impactful individuals, including 10X engineers, is crucial for startup success.
Deep dives
Elon Musk takes over Twitter, cuts down jobs
Elon Musk has taken over Twitter and implemented significant job cuts. This move by Musk highlights the leverage and impact that tech companies have with talented individuals. In the case of Twitter, they have cut down 75% of their staff without a noticeable decline in service. However, their advertising business has seen a decline. This situation raises questions about the importance of core competencies and the value of talent in different roles within tech companies.
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