Oftentimes, when FinTech startups receive funding, they spend a lot of it on hiring new employees. During this episode, I explain the numerous negative consequences of growing your team before your company is ready for it.

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Today's episode:

[00:50] What many FinTech startups do when they receive funding.

[01:13] The numerous problems that are associated with hiring people in a hurry.

[04:21] A common occurrence that takes place when experienced people join a less mature team.

[05:43] What often happens when people aren't 100% occupied at work.

[06:10] Complaints that are likely to arise when startups hire people before they need them.

[07:02] A commonly-held false belief about growth.

[08:11] Why needing an expert is not a good reason to hire someone.

[09:19] The three factors that lead to the growth of FinTech startups.

[10:52] The correlation between knowledge and risk-taking.

[11:15] What is required of FinTech founders when they are trying to grow with a big team.

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