Discussion about this post

User's avatar
Jay Rowland's avatar

Steve Jobs said the thing he spent the most amount of time doing is recruiting. For a company (especially a startup, where individual contributions matter a lot more), having and retaining A players is crucial. If you’re picking a cofounder, you’re essentially picking 50% of the company! If you’re picking your 10th employee, that’s still 10% (and so on). Laying this solid foundation is crucial to all future growth. I appreciate the advice!

Jordy Stravers's avatar

Good list, and it transfers almost one-for-one to biotech and medtech, with one addition hardware founders can get away with ignoring and life sciences founders cannot: the quality and regulatory hire. In a regulated product you are not only building the thing, you are building the evidence that it was built the way you said it was, and that evidence has to start at the first engineering batch. Hiring that person at seed stage feels premature and almost never is - retrofitting design history, supplier qualification and change control after the fact is one of the most expensive mistakes a young company makes. One more pattern worth naming: your first operations hire should be someone who has scaled a process, not someone who has run one at steady state. Completely different skill, and the CVs look identical. On where that early talent actually comes from in the Dutch ecosystem: https://www.sire-search.com/life-sciences-startups-nederland-kansen-carriere/

7 more comments...

No posts

Ready for more?