The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: When to Make Your First Growth Hire? Senior or Junior? How To Onboard Them? How To Monitor Their Progress? from Growth Leaders @ Facebook, Instagram, Lyft, Instacart, Miro and more

Nov 25, 2022
Growth leaders share insights on making the first crucial growth hire for startups. They discuss the timing and position level needed to scale effectively, emphasizing the significance of onboarding practices. The conversation dives into the transition to growth after achieving product-market fit and the role of company culture. Strategies for aligning goals in the new hire’s first month highlight the importance of collaboration and establishing a North Star metric. Early growth strategies are advocated, even before product-market fit, to build a solid foundation for sustainable success.
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ADVICE

Prioritize Growth Post Product-Market Fit

  • Prioritize growth after achieving product-market fit, but don't create a large team immediately.
  • Demonstrate growth's importance by assigning engineers, PMs, or designers to growth-focused tasks.
ADVICE

Attract Senior Growth Talent

  • Show potential hires that you value growth by having a team dedicated to it.
  • Early success and rewarding growth efforts can attract senior growth leaders.
ADVICE

Effective Onboarding for Growth

  • Effective onboarding involves deep data dives, allowing new hires to explore data models and metrics.
  • Encourage direct customer interaction to understand core product value and user needs.
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