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Y Combinator Cast

06/28/24

@ Y Combinator

New founders often feel the need to hire more employees to gain status, while experienced founders prefer smaller teams to avoid the challenges of managing larger companies.

Video

10 People + AI = Billion Dollar Company?

@ Y Combinator

10 People + AI = Billion Dollar Company?

06/28/24

Related Takeaways

Harj Taggar

05/20/22

@ Y Combinator

Founders often believe that having more employees impresses investors and customers, which can lead to focusing on hiring as a key performance indicator.

Michael Seibel

03/03/22

@ Y Combinator

Many founders mistakenly believe they need to find co-founders with extensive experience, such as a marketing expert or a CTO who has managed large teams, to ensure rapid growth.

Michael Seibel

06/02/24

@ Startup Istanbul

Hiring should be a slow process; it's possible to achieve significant growth with a small founding team, as demonstrated by successful startups.

Y Combinator Cast

05/20/22

@ Y Combinator

Founders often underestimate their unique skills and the specific challenges of their startup, thinking that hiring experienced executives will solve their problems.

Y Combinator Cast

05/20/22

@ Y Combinator

The smartest founders understand that a smaller team of highly skilled individuals is often more effective than a larger team of mediocre performers.

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.

Y Combinator Cast

05/20/22

@ Y Combinator

It's common for founders to want to hire an executive team prematurely, influenced by the success stories of established companies, but this can be misguided without product-market fit.

Brad Flora

07/08/22

@ Y Combinator

Founders frequently waste money on hiring, especially when they pursue high-salary candidates from large companies, believing they will significantly boost productivity.

Parker Conrad

09/10/24

@ The Social Radars Podcast

To succeed, you need small, focused teams that can quickly build products, and we often hire former founders for these roles.