Miki Kuusi

15 statements across 2 episodes · 3 bullish · 2 bearish · 2 people on the record · first statement Nov 28, 2022 by Miki Kuusi · said 7 times in 5 episodes since 2022 · across every show →

On the record as a speaker too: Miki Kuusi's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Harry Stebbings (3), Oscar Pierre (2), Rob Lacher (1), Johannes Reck (1)

every mention, scene by scene, with the transcript →

Everything said about Miki Kuusi, oldest first

Nov 28, 2022
Assertion Partly supported
Wolt maintained a three-year PR blackout despite raising Series A and B
“We've raised our series A, it was ten million euros in January of 2016. The next round we've raised was in January 2018, two years later, that was our twenty seven million euro series B, and then we raised our series C in April of 2019, which we announced in J…”
Miki Kuusi Nov 28, 2022 ▶ 33:48 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022
Insight
Hire high-potential candidates before they achieve major scaling milestones
“One mistake people make in hiring is that they're looking for the person that has already done you know, what you need. And you're like, we need to hire that person. He's done this before. He's going to do it for us. And it's going to be amazing. But what peop…”
Miki Kuusi Nov 28, 2022 ▶ 30:00 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022
Disclosure
Kuusi: Biggest founder sacrifice is personal mental bandwidth and freedom
“So someone once asked me a bit out of the blue that what has been the biggest thing you've had to sacrifice to build, you know, do these things and to build your company and your career. And after, you know, thinking about it for a while, I came to the conclus…”
Miki Kuusi Nov 28, 2022 ▶ 25:05 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022
Disclosure
Wolt cut all non-restaurant offerings for five years to focus on delivery
“And for the five first years of our existence, restaurant, food, delivery. When we saw that it worked, we were like cut everything else. This is really difficult to do. We're only going to focus on doing this with great, quick, consistent customer experience a…”
Miki Kuusi Nov 28, 2022 ▶ 9:18 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022 negative
Opinion
Kuusi: Twitter adds very little value to building a company
“I've noticed Twitter adds very little value in company building, unfortunately.”
Miki Kuusi Nov 28, 2022 ▶ 46:35 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022 negative
Insight
Kuusi: Advice from successful founders suffers from extreme survivorship bias
“Every advice you hear from an entrepreneur, Always be mindful about that, because like, you know, first of all, entrepreneurs, they're successful telling advice. It's like a lottery millionaire telling that, you know, keep on betting. You're gonna eventually w…”
Miki Kuusi Nov 28, 2022 ▶ 59:41 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022
Disclosure
Kuusi rejected Wolt's first acquisition offer in 2015 despite being personally broke
“When we got our first acquisition offer. This was 2015. We're a one year old as a company and we get an acquisition offer, which had like cash or stock involved. And I was like, you know, 2015. I was 26. It was a big amount of money. Like when I started Walt, …”
Miki Kuusi Nov 28, 2022 ▶ 56:07 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022
Insight
Kuusi: High performance requires focusing on the smallest possible subset of priorities
“Like focus means making difficult decisions to put all of your effort in the smallest possible subset of things. And if I now think about performance, performance is the ability to decide what exactly are the things that you need to get right and getting that …”
Miki Kuusi Nov 28, 2022 ▶ 8:33 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022 positive
Insight
Sequoia research shows startup momentum is statistically difficult to lose once achieved
“Out of looking at 400 entrepreneurs, if you have achieved momentum, that momentum is statistically so incredibly difficult to lose.”
Miki Kuusi Nov 28, 2022 ▶ 58:28 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022 positive
Insight
Kuusi: Economic downturns and tech layoffs are ideal times to build startups
“When the world looks, you know, as fucked it is right now, that's a really good place to be starting something new. Because there's going to be a lot of things that get cleaned up from the economy. You know, right now you can see like a lot of tech tech compan…”
Miki Kuusi Nov 28, 2022 ▶ 0:36 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022
Insight
Kuusi: Growth companies are glorified recruiting operations
“What are growth companies? Growth companies are glorified recruiting operations. And every single senior person in a growth company has to become a great recruiter.”
Miki Kuusi Nov 28, 2022 ▶ 31:43 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022
Insight
Kuusi: Cross-time-zone expansion severely stresses small engineering teams
“The reason we stick to stuck to Europe in the early years was that time zones are expensive. Like longer flights are more expensive. If you need to support like, you know, customers six hours times away, it means there's going to be engineers up every night pr…”
Miki Kuusi Nov 28, 2022 ▶ 35:41 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022
Disclosure
Kuusi Held Personal Veto Power Over Any Wolt Acquisition
“So I had actually a personal blocking right to any M&A transaction of vault. So vault was not possible to get acquired by another company without, I actually have a placate. This is a placate for Allowing the company to be sold.”
Miki Kuusi Nov 28, 2022 ▶ 1:04:40 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Nov 28, 2022 positive
Disclosure
Kuusi: Wolt avoided layoffs by maintaining a conservative spending strategy
“We haven't had to go through any layoffs, God forbid, like in the current landscape, at least so far. And the reason is that we were just always very careful. Because we were always like running out of money.”
Miki Kuusi Nov 28, 2022 ▶ 42:22 Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings
Dec 21, 2022
Assertion Supported
Wolt received 68 Series B rejections before 83North invested
“For his Series B, he got 68 rejections before Laurel Bowden at 83 North said yes.”
Harry Stebbings Dec 21, 2022 ▶ 3:45 20VC Special: How To Fundraise Like a Pro: How to Size and Price a Round, How to Create FOMO and Urgency in a Fundraise, How to Structure Angel Allocations, The 7 Deadly Sins of Fundraising Decks, The 3 Signs a Potential Investor is Bad News
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