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
The resume test
A strong resume reflects consistent career progression, including promotions that align with company standards over time. Candidates who transition smoothly between roles and companies, particularly those making significant upward changes, indicate a high level of capability. Observations of lateral moves or stagnation can be red flags, suggesting the candidate may not meet high performance standards. The focus should be on identifying top-tier talent—those in the top ten percent—who exhibit both a strong track record and specific personal traits encapsulated in the acronym 'SPOTIC' (Smart, Passionate, Optimistic, Tenacious, Adaptable, Kind, and Empathetic). A balanced application of these traits is essential, as extremes may lead to issues in teamwork or interpersonal relationships. The interview process prioritizes assessing these SPOTIC traits alongside a stellar resume, enabling immediate hiring decisions without the need for references, given that the candidate's credentials and values align perfectly.
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