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Sam Lessin of SlowVC: The End of Factory-Farmed Unicorns
"World of DaaS"
Strategic Hiring and Efficient Use of Equity for Innovation
The strategy for hiring is to try to not hire people unless it's absolutely necessary, and to consider hiring as a last resort. When hiring, it's important to view it as using equity, and to assess if it's the most efficient use of resources. Having a smaller team makes innovation easier due to fewer coordination problems, with innovating with seven people being much easier than with 70. Additionally, trying to innovate with 700 people becomes impractical. Starting a company with 100 people from day one is deemed unfeasible and a recipe for failure.
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