Let’s talk about why your company is not stacked with A-players. It is not because you cannot afford them.
At its root, the reason is narrowed down to one thing, your foundation
We tend to think of hiring as an activity rather than an essential function like product or finance or even your pitch deck. So much time is invested into these activities. Yet, hiring is the most critical component of building a successful business. In fact, most investors' decisions are heavily influenced by the people who are onboard.
Solidifying a foundation for hiring requires the same amount of care and work as do the other components of your company. It cannot be outsourced. Hiring needs to be owned by leadership, documented and taught to everyone in the organization.
Foundation is what attracts high performers to want to join your company, not the paycheck.
Steve Newcomb is a product/engineering led serial entrepreneur who has co-founded four successful venture backed mission-driven startups. He’s best known for co-founding Powerset (now Microsoft Bing) and scaling its engineering team, culture, and operations.
He is the author of some of the most fundamental essays on hiring, culture, and scaling engineering teams, including the original “Cult(ure) Creation” and “In Defense of Introverts”
- Building a strong hiring foundation
How to execute an outstanding interview Foundation: Do the big things right and then everything becomes exponentially easier
Be the valedictorian of Stanford. Do the hard things early
MissionProduct that represents a true and novel breakthrough- Purpose above just flipping the company
Oh my god… Founder that is technical, thought & cultural leader, good @ recruiting - excellent at recruiting- study how to speak to people, how to talk to introverts & inspire them. How to be inspiring.
Have founders that are technical, thought, and culture leadersHave a company that matters, something with a mission that’s embedded Be a Super A- Have a founder that is excellent at recruiting and is a Super A
Track everyone who has ever worked for you. Keep in contactA=A, B=CGet the right people in earlyVPE needs to be a baller! Why buy silver when you can rent gold- Friends that want to be founders- get them to help 3 days a week?
Often worth 10 engineersObvious Yes then there is everything else = automatically hire slower- Lie to them & pay them a lot of money
Chad Walters from Powerset
- Foundation = Structure & Process
Structure- steps, timing & interview questionsProcess - flow of the steps, transition & feedback timing, decisionHow do we solve the problem?
Principles of doing good interview process. Treat everyone like gold.
De stressHave they done any research to come up with questionsDo not negotiate- Pay should be at the 50th percentile not pay above market
When you have to pay above market the worse your product isTier one vc firm gives - data Design for introverts and socially awkward situationsDon’t repeatCreative Tactics: Don't work without good fundamentals
- Look for “Thank you’s” in IRC/stack overflow
Reverse layup- founders reverse lookup on everyone that follows you- Already interested in what you have to say. Know who they are
Sit down with your A’sRelease from the social awkwardness of asking their friendsWho follows your A’s?Super A’s are how you fire fastJr engineers- Hack reactor- meet everyone and ask ”who is the best engineer is”
Kill the weeds- Don't need a unanimous vote to say yes
If you build trust, they trust you to hire the right peopleAssign interview responsibilitiesFounder leads recruitingDo not waste the team's time with duds. The highest level Founder/Exec does the filtering so that every candidate that makes it to a full spread interview is a Super A, or an A.Do this well, you build trust, followers. Do this poorly and you deserve to fail.- Purpose is to get to the TRUTH
Script the questionsDiscovery call Value aligned interview- Do behaviors align with the values, mission & vision of the business
Working session- Real life scenario of how the team will work together
Solve a real problemKey Takeaways that the Audience can plug into their business today! (Value):
- If the foundation is right. Everything else becomes easier
Spend all your time getting the first people done rightBe relentlessly creative- LinkedIn: https://www.linkedin.com/in/stevenewcomb/
Blog: https://medium.com/@stevenewcombWebsite: http://famous.co/Twitter: https://twitter.com/stevenewcomb- LinkedIn: https://www.linkedin.com/in/rick-girard-07722/
Company: https://www.stridesearch.com/Podcast: https://www.hirepowerradio.comAuthored: "Healing Career Wounds" https://amzn.to/3tGbtreHireOS inquiry: [email protected]