The one thing VCs think startups need to succeed:
One principle startups and venture capitalists can agree on is that the people on your team will make or break your business. The common denominator for any successful company, regardless of industry or size, is that its leadership teams are able to attract and retain the best talent.
It’s not unusual for competent people to get promoted quickly based on their ability to perform effectively as an individual contributor. Often, they’re given a team to lead and bigger goals to hit.
This is not to say that helping portfolio companies hire the best talent is not valuable, but it can be difficult to scale across a large or wide portfolio since venture funds aren’t necessarily set up to recruit at scale any better than a great recruiting firm or the startup itself. The best approach for VCs to help with recruiting seems to be one where senior talent professionals on staff can spend meaningful time and embed themselves deeply with a few companies.
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