Brian SamsonFounder of Plugg Technologies

How to get the most out of hiring!

Name: How to get the most out of hiring!
Uploaded: 2024-10-28T21:29:32+00:00
Duration: 54 s
Channel: Brian Samson
Description: Brian Samson explains why hiring matters now: quarterly venture funding has dropped below $70 billion, the lowest since 2017. Most startups have tight…

28 Oct 2024 · 1 min

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0:54

Brian Samson explains why hiring matters now: quarterly venture funding has dropped below $70 billion, the lowest since 2017. Most startups have tight budgets except outliers like OpenAI and Anduril. Founders need to hire carefully without burning through limited capital.

Chapters

So we've just seen funding kind of limp, and it's been a long time. We have to go back to 2017 when funding was this much down. It's almost always been north of $70 billion every quarter globally, venture funding. All the way back to 2017 is when it was lower than, uh, $70 billion, just like it is today. So what does all this mean? To sum it up, everyone is working with less capital and more constraints. If you're a startup company, a tech company, you are probably in this environment, unless you're OpenAI or Anduril or something, that is a very rare circumstance today. I can tell you 3 years ago everybody had capital. Today, very few companies have capital and certainly a surplus of capital. So that means you're working with constraints and you're trying to hit your hiring bar and at the same time preserve capital. How do you do this?

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