In the first 5 years of @airwallex, we made a massive hiring mistake.
We brought in people with impressive résumés – ex-bankers, payments veterans, people who had worked on the SWIFT network.
On paper, they looked perfect. In practice, they nearly broke our culture. They had a lot of experience, but they weren’t builders. They knew how things used to work, not how things should work.
What we really needed were people who were curious, determined, and optimistic, who believe in the vision. We didn’t hire for that early enough – and we paid the price. Morale took a hit. Momentum slowed. It was painful to go through.
The lesson? Hire for belief, grit, and the ability to build – especially early on.
Because in a startup, mindset scales faster than experience. And the wrong hires can cost you more than just time – they can derail your culture.
The state Government thinks it’s a good idea to mandate that employees can wfh 2 days a week.
Leave aside the impact on productivity after our worst decade of productivity growth in 60 years and leave aside how unfair this is for employees who can’t wfh, when did we become a society that is obsessed with mandating just about every activity. It is time for people to tell Govt they are sick and tired of them interfering in everything and depriving people of agency.
I love marketplaces that bring liquidity to new asset classes... you can now sell Instagram, TikTok and Youtube channels on Flippa. Buyer demand has been tremendous.
Meet Nick... he's sold 22 businesses, from $3000 to $2.2 billion + bought 117 companies while working for Rupert Murdoch.
Awesome interview:
https://t.co/YcAZQV6LtD
We've started setting up calls with folks who have thrown their hat into to run SitePoint with @MattMickiewicz and I. We've moving fast, but there's time. If you know someone or want to put your hand up reach out (we don't mind where you are located) at https://t.co/4fVlHBrluq
We're looking for a badass operator who's got hustle, entrepreneurial flare, and isn't afraid to take risks to run our original business - SitePoint. See https://t.co/4fVlHBrluq for more info..
Great work @SecondQuarterVC team. Thanks to our investors for backing us to invest in exceptional technology companies, and provide liquidity to the people building and backing them.
Forrest’s Minderoo joins bevy of founders backing VC’s second fund https://t.co/YqFAAupTaS
In the words of CEO @blakenow: 'For 13 years we were the #1 Marketplace to Buy and Sell online businesses. Today, we are the #1 Marketplace to Buy Sell Raise & Invest'.
If you missed out on our global product launch, Pulse '22... We are excited to introduce you to the NEWEST additions to the Flippa product fam: https://t.co/H4i4wyf62z
https://t.co/x9hyXVuBZX
https://t.co/ISnep2GwRD
My advice to most:
Don't start, buy.
Entrepreneurship is incredibly hard
- 90% failure rate
Avg salary $46k
Instead go buy a profitable business
using SBA loans just like you would a
mortgage.
Fastest way to own a $1M rev biz, buy