TEAM 101ENTREPRENEUR

SO, YOU WANT TO BUILD A STARTUP?

FIRST THING FIRST

YOU NEED CO-FOUNDER

BUT, WHY?I CAN DO IT BY MYSELF

DISTRIBUTE THE STRESS

STARTING A BUSINESS IS HARD. SUPER HARD

INVESTORS SEES YOU AS A TEAM

CHOOSING CO-FOUNDER IS THE MOST IMPORTANT DECISION IN YOU YOU MAKE IN THE LIFE OF YOUR STARTUP

Sam Altman

TEXT

President of YCombinator

CHOOSE CAREFULLYBUT….

DO AND DON’T

HOW TO CHOOSE CO-FOUNDER(S)

▸ Don’t choose randomly

▸ Choose someone that you’re friend with

▸ Pick no more than 3

▸ 2-3 is perfect

▸ 5 is disaster

▸ #1 reason why startup failed

FIND ONE IS SUPER HARD!BUT…

BETTER…

FIND CO-FOUNDER IS SUPER HARD

▸ Better to have no co-founder than have a bad one

▸ If you’re not tech guy/gal, find technical co-founder is a must!

WHERE TO FIND ONE?BUT…

EMBRACED INTRAPRENEURSHIP

WORK FOR INTERESTING COMPANY

AFTER THAT

THEN YOU CAN FORM A TEAM

HOW TO BUILD TEAM?RULES

RULE #1: TRY NOT TO BUILD TEAM

DESPERATELY

ONLY HIRE WHEN YOU DESPERATELY NEED TO!

WHY?BUT…

WHY? YOU ASK?

START SMALL, STAY SMALL

▸ Hire one bad person in early startup is massive blowout

▸ Can kill your startup right away!

I REALLY NEED HELPBUT…

THE A TEAM

SOME RULES ON HIRING

▸ Hire someone that better yourself

▸ Early employees defines your startup

▸ If you really can’t find one, train them to be better than you

“THE A PLAYER HIRE A PLAYERS; B PLAYERS HIRE C PLAYERS”

Guy Kawasaki, Investor, Ex-Apple

BOZO EXPLOSION

SOME HIRING EXAMPLE

HIRING A’LA MARK ZUCKERBERG

1. Comfortable hanging with, socially

2. Comfortable reporting if the role were reversed

3. Enjoy working with them

SOME HIRING EXAMPLE

HIRING A’LA PHIL LIBIN

1. Ask your friend for recommendation, or just hiring close friend

2. But make sure you have courage to fire them

3. Hire people smarter than you

SOME HIRING EXAMPLE

HIRING A’LA JASON FRIED

1. Hire late, hire after it hurts

2. Hire to alleviate pain, not for pleasure