Don't Make These Hiring Mistakes

Y Combinator

Podcast Notes Key Takeaways Almost all the advice that’s written online about hiring is written for post product-market fit companiesHowever, most startups are pre-product market fitThey are reading advice for a stage that they are not at now, but odds are they will never be atMichael Seibel believes that the number of employees is one of those fun stats that second-time founders react to differently than the first timeFounders have a unique skill set – as a founder, you know the problem better than anyone else, and you know how your product works better than anyoneSo much of the startup is just reacting when things are horribly brokenGenerally, you should start hiring only if it’s a post-product market fit scenario and things are going well and acceleratingOver-hiring leads to a high burn rate which leads to a lower financial “runway”If you are post product-market fit, ignore everything said and hire away
If you are pre-product, double down on everything Harj, Michael, and Brad talked aboutIf you don’t know if you are post or pre, don’t hire people to figure that out (lol)

Read the full notes @ podcastnotes.org

Step inside the Group Partner Lounge to hear Y Combinator Group Partners Harj Taggar, Michael Seibel and Brad Flora discuss the many different mistakes founders make when they approach hiring for their startup and how to grow your team the correct way.  



Apply to Y Combinator: https://www.ycombinator.com/apply/