Invest Like the Best with Patrick O'Shaughnessy cover image

Garry Tan - Unwrapping the Gift - [Invest Like the Best, EP. 267]

Invest Like the Best with Patrick O'Shaughnessy

NOTE

The Early Game and the Late Game in Startups Are Very Different

The transition from the early stage to the late stage of a startup involves a significant shift in perspective. In the early stage, the focus is on agility and minimal bureaucracy as small teams don't require extensive processes. However, as the company grows, there is a need to evolve in hiring, team building, and adapting to different leadership roles. Failing to transition from a hands-on role to a managerial one during the growth phase can hinder a startup's success, as experienced by the speaker's previous startup 'Posterus'. Understanding the differences between the early and late stages is crucial for sustained success in the startup ecosystem.

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