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YC

Y Combinator Cast

07/08/22

@ Y Combinator

Relying on contractors instead of full-time employees can lead to inefficiencies, as contractors may lack the commitment and understanding of the company's culture and goals.

Video

Top Ways Startups Waste Money

@ Y Combinator

Top Ways Startups Waste Money

07/08/22

Related Takeaways

Y Combinator Cast

12/01/23

@ Y Combinator

Relying on part-time consultants or development shops instead of having a dedicated technical co-founder can lead to failure.

Michael Seibel

11/29/18

@ Y Combinator

Outsourcing can create a false sense of progress, leading entrepreneurs to believe they are moving forward when they may actually be wasting resources on a poor product.

Jason Citron

11/25/24

@ 20VC with Harry Stebbings

I find that hiring experienced executives can be detrimental because they often come with preconceived notions that may not align with the company's culture or needs.

Y Combinator Cast

04/28/17

@ Y Combinator

Contractors set their own hours and work independently, while employees have taxes withheld from their paychecks and are subject to company control.

Tim Brady

08/30/19

@ Y Combinator

If you hire the wrong people early on, those mistakes will propagate, making it much harder to correct course and build a coherent company culture later.

Michael Seibel

06/22/17

@ Y Combinator

It's frustrating to see founders overcompensate for not having a technical co-founder by relying on external developers, as this can hinder their chances of success.

Y Combinator Cast

12/01/23

@ Y Combinator

Starting a company with a team of business people often leads to hiring lower-quality engineers, which compounds future hiring challenges.

Y Combinator Cast

05/07/22

@ Y Combinator

Overhiring is a common mistake that can lead to financial strain; founders should avoid this by ensuring they only hire when absolutely necessary.

Y Combinator Cast

05/20/22

@ Y Combinator

The instinct to over-hire often leads founders to believe they need more people, but this can result in higher employee burn and lower runway.