Starting a company involves facing many challenges that can be harder than expected, with success depending on various factors such as having a great team, executing properly, and entering a favorable market. The startup field is unique in terms of the amount of money and spending in the early stages of revenue generation and productization, making it stand out from other industries.
Splitting equity equally among co-founders is important to ensure that everyone is committed and incentivized to work towards the success of the company. Investors may have concerns if one co-founder has significantly less equity, highlighting potential issues in the co-founder relationship.
Learn about the potential pitfalls of trying to do everything yourself as a company founder, and why it's necessary to hire the right people as the company grows.
The original source of a startup initiative often maintains a unique relationship with the gestalt of the idea, leading to an intuitive knowledge of the right next steps. Many organizational tensions and power struggles may arise from a lack of explicit acknowledgement of who the source of the initiative is.
The speaker discusses the challenges of building a successful company with founders who lack experience in the industry they're entering and may underestimate the learning curve involved. He advises caution in partnering with such founders.
In this podcast, Dor describes his experience of being hired by Kleiner Perkins Caufield and Byers, how Google pioneered employee objective tracking, and how he made investment decisions based purely on his gut.