Thread by @dunkhippo33

Today's building in public thoughts - it takes a long time to build processes, set culture, hire, onboard, and build out a generational business.

And this is what we've thought about and have been working towards since day 1 of @HustleFundVC.

Read on >>

1) A lot of entrepreneurs ask me / cold-email me, "Have I seen their deck yet? Or can they chat with me?"

In most cases, the surprising answer is no.

Although we're only on Fund 2 of Hustle Fund, I'm actively working on the transition of this.

2) Don't worry future LPs, as a GP, I'm still involved in the final decisions!

But, it's important to work towards scaling the operations of this business so that if I get hit by a bus, I'm not needed.

3) This starts by hiring the right people. I am SO SO EXCITED about all of our team members!

I am just honestly flabbergasted and honored that they would choose to spend their time with us when they could be doing many amazing things.

4) Hiring right is not just about hiring for a particular skill set. It's also making sure everyone fits the culture.

The culture @HustleFundVC is about being:
-kind
-direct & open
-respectful to everyone
-and not taking oneself too seriously

5) In addition, the team has to gel with each other. Even if everyone shares these traits, each individual team member has a different personality and strengths.

And these all have to come together.

6) For a few months now, we have been working on onboarding. And boy, it can honestly be chaotic.

We have to document everything that we've known in our heads into an organized format.

We have to create processes and tech to allow a team to work together.

7) We have to get everyone onboard with this new system as well. This is what scale looks like.

1 thing I really credit my former co-founder with @launchbit is that she documented literally *everything* we did to run the company. That made hiring & our acquisition much easier.

8) In parallel, we are working on voice / tone of communications, frameworks on how we invest, so that we have consistency across the team. Obviously, individuals will always have different opinions, but how we look at things and what we look at should be the same.

9) In the longer term, a few funds from now, my goal for the organization is to have it running like a machine. It should be at the point where ppl can just be hired and everyone will know exactly how to operate.

This is not about Elizabeth Yin. It's about @HustleFundVC.

10) To me, that's the point where I feel like I'll be able to walk away and work on some of our other initiatives at Hustle Fund that are not VC-related.

That's probably still a good 10-15 years off. We have more processes / hiring / onboarding to do in the next few years.

11) But, it's impt to start working on generational planning from day 1 so that specific individuals aren't needed and the organization and the mission can continue for a long time.