
20VC: Jet.com's Marc Lore on How To Assess Human Potential and "The Resume Test", Why Chief People Officer Should be One of Your First Hires and Why We Need a New Type of Venture Capital
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Vision is important
A well-crafted vision is crucial for long-term success and should remain constant while strategies may adapt. It requires substantial effort upfront, ideally over a hundred hours, to develop and refine the vision through discussions and feedback. Sharing the vision is essential, as it allows for continuous improvement and adaptation, much like molding clay. Engaging with diverse perspectives leads to a stronger conviction about the vision's significance. Many individuals neglect to articulate their vision clearly, often having only vague aspirations for the future. A crystal-clear vision should be documented meticulously, with every word holding weight, as nuances can significantly influence strategic decisions. Ensuring that the entire leadership team aligns with the vision is vital, as differing interpretations of even slight variations in wording can lead to divergent approaches in strategy. Prioritizing a thorough vision development process is essential to navigating towards a desired future effectively.