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20VC: Five Lessons Scaling Toast to $14BN Market Cap | The Biggest Mistakes Founders Make in Fundraising, Hiring and Selling with Aman Narang, CEO @ Toast
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Value First, Talent Drives Success
Focusing on value creation is essential, as monetization naturally follows when businesses prioritize serving customer needs. Companies often falter when they emphasize metrics over actual value delivered. Success hinges on the capability of the team; hiring exceptional talent leads to better execution and innovation, unlike micromanagement of mediocre talent. It's vital to approach growth strategically, understanding that significant achievements require long-term vision, often underestimating what can be accomplished in a decade. Establishing a clear hiring process is crucial, as it helps avoid mistakes. Thoroughly defining roles and responsibilities, while conducting deep, challenging interviews is key to assessing a candidate's true potential and resilience. Consideration of both strengths and weaknesses during the hiring process reveals personal growth areas that contribute to success.
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