“Don't treat your employees like babies because they will become babies or you will hire babies or you will meet, retain babies. Instead, like treat them like founders themselves.”
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More from Geoff Charles
Opinion
Geoff Charles: American Express Does Not Know How to Build Software
“And like Amex is like, it does not know how to build software. It is an incredible company with an incredible brand and an incredible card and merchant product. But they're a far cry away from being a SaaS company.”
Geoff CharlesDec 6, 2023▶ 41:27Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Opinion
Founders Do Not Need to Remain Head of Product
“I listened to that and I love that. I don't agree. And again, this is the Shopify, you know, obviously, you know, Toby's like very involved in the product surface area at ramp. I think we have Slightly different approach. I think that the, our founder Eric is …”
Geoff CharlesDec 6, 2023▶ 49:10Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Freeze Headcount for New Executive Hires for at Least Six Months
“Don't hire executives that will then hire people under them, because that obfuscates a lot of their performance, and so be clear to the leaders that you're hiring, like, you're not gonna have headcount for at least, like, six months. You're gonna have to do th…”
Geoff CharlesDec 6, 2023▶ 6:12Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Company Stage Experience Matters Far More Than Category Experience for PMs
“I think the category Is not that relevant. You know, I come from more consumer than B to B. And I think that's actually an advantage because you're focusing on metrics. You're focusing on conversion. You're focusing on models like lead scoring and lead routing…”
Geoff CharlesDec 6, 2023▶ 6:51Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Insight
Leaders Must Fire Team Members Who Are Less Ambitious Than the Core
“If you have a core team that's ambitious and you have one person in the team that's not as ambitious as that team, you need to part ways with that person. Because it briefly lowers the bar and everyone becomes demotivated.”
Geoff CharlesDec 6, 2023▶ 15:45Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
Opinion
Facebook and Stripe Have Struggled to Expand Beyond Core Markets
“Whether it's like Facebook trying to enter the B to B space, whether it's Stripe trying to actually go from like developers and SME to finance teams in, in, in the enterprise. It's hard. And we actually haven't seen that much success.”
Geoff CharlesDec 6, 2023▶ 40:25Geoff Charles: How To Hire Product Teams & Increase Product Velocity | E1091 · 20VC with Harry Stebbings
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