20VC: The Ultimate Hiring Playbook: Five Questions to Ask Every New Hire | What Makes Truly Great Leaders and How They Give Feedback | Do VCs Really Add Value; Lessons from Hard Fundraises with Matteo Franceschetti, Co-Founder @ Eight Sleep
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Best Practices for Hiring: Setting High Standards
Setting high standards in hiring involves creating a rigorous process where candidates are given complex projects to showcase their commitment and abilities. It is crucial to ensure that all hires are strong hires, with three strong hires required for each candidate. The default should be not to hire unless a candidate truly impresses. Rushing to hire can result in costly mistakes, hence it is essential to take the time to find the right fit. Hiring velocity can be achieved by measuring the number of interviews conducted by each executive and the efficiency of the hiring process steps. The bar for hiring should be set incredibly high, with executives needing to be strong hires themselves and having support from other strong hires in the company. Cultural fit is also crucial, with the CEO playing a role in determining this final aspect of the hiring decision.
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