Elad Gil, investor and startup advisor, discusses how organizational structure and communication channels evolve as a company grows from 10 to hundreds of employees.
“If you're a hundred people, there's two to three layers between the CEO and every other person.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Elad Gil
Opinion
Gil: Half of private unicorns are not worth $1 billion
“I would posit that about half of the unicorns are not worth a billion dollars or more. In other words, 50% of the companies that are valued in the private markets as being worth more than a billion shouldn't be worth more than a billion.”
Elad GilJan 2, 2019▶ 18:42a16z Podcast | High Growth in Companies (and Tech)
Insight
Gil: Structured late-stage venture deals are debt masquerading as equity
“On the late stages, some companies start building in very complicated structures and because they want that very high valuation, and a firm may be willing to give it, but then they build in extra preference or participation for the investor, or things that eff…”
Elad GilJan 2, 2019▶ 18:10a16z Podcast | High Growth in Companies (and Tech)
Insight
Gil: Semiconductor layer provides the best way to index machine learning
“It's a way to effectively index machine learning, because I think it's very hard to invest in, quote, unquote, a machine learning company.”
Elad GilJan 2, 2019▶ 24:09a16z Podcast | High Growth in Companies (and Tech)
AssertionNot checkable as stated
Gil: Nobody is currently building scalable apps on Ethereum
“Nobody's really building scalable apps on Ethereum right now.”
Elad GilJan 2, 2019▶ 26:03a16z Podcast | High Growth in Companies (and Tech)
PredictionNot checkable as stated
Gil: Most current crypto projects will go to zero
“Most crypto projects from today are going to go to zero. There's a few that are going to be incredibly valuable and already are, and that's going to grow, but I think most are going to go to zero.”
Elad GilJan 2, 2019▶ 27:30a16z Podcast | High Growth in Companies (and Tech)
Insight
Gil: Founders should hire executives for 12 to 18 month horizons
“You should always be thinking of the person as the right person for the next 12 to 18 months, not the person for the next five years, and so I think a common mistake is that people will end up hiring, you know, they'll have a twenty-person engineering team, an…”
Elad GilJan 2, 2019▶ 8:31a16z Podcast | High Growth in Companies (and Tech)
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