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20VC: The Largest Venture Backed D2C Consumer Exit; PillPack: $0-$300M Revenues in 5 Years & The Biggest Lessons Scaling the B2B Business to $300M in 2.5 Years with TJ Parker, Co-Founder @ PillPack
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Being strategic about executive team composition
Be selfish about who's on the exec team and prioritize the leaders who contribute the most to the company's success. Spending time in meetings with the right people is crucial. A startup's focus should be on product and growth. Functional org structures, where each leader has a specific function, are common in the beginning. On the other hand, GM org structures, with single-threaded leaders overseeing multiple functions, are more common in large companies. Transitioning to a GM org can lead to downsides and a loss of startup identity. Building a successful company can be achieved with a functional org structure.
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