0/ Remote Onboarding Best practices: Recap of this week's #PeopleMatters discussion
1. Company Orientation (vision, values, how we work) 2. Team Orientation (how ACTUAL work works!) 3. Individual Orientation (laptop, passwords, folders)
1/ For the employer, we are
A)Trying to get people productive ASAP, and
B) How to we make people feel at home, esp without a workplace to bring them into, All hands, HH intros etc.
2/ Often folks spend too much time on Company and Personal, and not enough on how to actually get the person productive immediately - key is to accelerate the MENTAL MODEL they have of the biz, and their role in the biz.
3/ Get people going in the job ASAP. The longer you wait to contribute, the riskier it feels, so get people started asap!
@loom each new employee is encouraged to make a Loom video and put into the largest Slack channel. Do a pull req!
Engineers - do a pull request
4/ Remind people of why they joined. Just like you want the "aha" in a customer experience, this should be part of the on-boarding experience. How can you give them that high?
- Exposure to customers (purpose)
- Solving problems with co-workers (high quality people)
5/ Give people quick wins
- What's a win for this employee in the first 60 days?
- Level them up after the win; ability to absorb info in the 1st week is limited
6/ How can you clue them into the stories that make a place special (and reduce friction between OGs and new people)?
- Storytelling, the WHY behind certain values (mistakes in the companies past)
- Place (pre-covid) why certain places are important in a company's history
7/ Ultimately about creating a sense of belonging @dillardsarah 's boss at US Dep of Ed took her out to dinner before she started her job, demonstrated a presumed default of having a relationship prior to work done. Something all hiring managers can consider!
8/ With Remote, @meghanared sees more need for in-person sync on-boarding; Can't rely on the serendipity of office encounters.
Req more 1:1 interactions - here's 10 people to meet this qtr!
More video - helps build 3d pic of person in your head, even if you haven't met b4
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It was fun to see teams getting their creative juices going; quick advice for those preparing to pitch:
2/ Get your audience into the customer pain point quickly! Don't waste time upfront on the $10B TAM slide; get folks to internalize the problem you're trying to solve first. Use customer interviews, survey data, anything that gets you deeper than desk research.
3/ Provide the audience with whatever nuggets of customer insight you've gleaned, and help connect that insight through to the solution you're designing. Why is your POV different from everyone else? Why is that valuable?
1/ The most common early-stage hiring mistake: Poor job / role definition
🧵👇
2/ As an early-stage startup, no one knows who you are and folks are going to give you their attention. So if you want them to come work for you, you must be surgical in capturing their attention. There are two components to that: Your Employer Brand, and the Job Description
3/ You probably don't have an Employer Brand. You should probably start building it. But you DO have a JD , and it's probably terrible. Read your JDs. If you were a job seeker, would you want to do that job? How does the JD help you stand out from every other cold LI reachout?
0/ Such a fun AMA w/ @IterativeVC 's first batch - thought some of the Q&A might be helpful to others:
1/ Q: What separates good founders from GREAT founders?
A: The pace of learning. Ultimately, the ceiling on any startup (all things being equal) is the collective capacity of the team. This can only increase when the team is able to grow themselves in multiple dimensions.
2/ They must learn: about their market faster and deeper than the incumbents and competitions; to manage their emotions effectively when challenged with new and complex situations; to hire for roles they have never done themselves and teach others to do the same.
Listening into the @vietcetera webinar on market entry & opportunities in Vietnam - some quick snippets
1) "I've been so pleasantly surprised by the positive business attitude across the board, despite the global pandemic" Henry Bott, @swiregroup
2) "COVID has a) accelerated digitalization, b) some business costs are coming down (talent, rentals), c) valuations coming down, so given our 10 year horizon, we continue to be bullish on Vietnam" - Olivier Raussin, @FebeVentures
Happy Mother’s Day to my mom, who has been an inspiration and source of much support and delight. It seems apt that while I was looking for pics of us together all I could find were pics of her and my kids
2/ my mom is the hardest working person I know, even today, she is up before I am and crushing her to-Dos. She found a deal at my wedding! Stayed an extra week to do diligence after while I was off on my honeymoon! W
3/ she is constantly learning about new tech and people; she made her first investment in synthetic biology years ago after more than 20 years in tech investing.
Thanks to @elisetanyl for inviting me to chat about fundraising during #covid19; the topic of valuation is an interesting one, particularly in the seed stage - some quick thoughts, aimed at the #SEA ecosystem 👇
1/ What's the right valuation for a company? How is it determined? Founders are understandably concerned about dilution, but the reality of the situation is that price is a function of supply and demand
2/ What someone else got for their business and their deal has little to no bearing on what you can get if there is NO DEMAND for your deal.