1st10 Podcast
Boris Epstein built the tech-recruiting firm Binc over 19 years and got acquired by Robinhood in 2021. Then, he walked away from all of it...On this episode of the 1st10 Podcast, host and founder of 1st10, Boris Epstein, shares the origin story of 1st10 and why he decided to get into the hardest version of Tech Recruiting viz., recruiting for early-stage startups. Tune in to hear Boris share super-valuable insights from the world of early-stage recruiting such as:Why most recruiting firms are optimizing for the wrong thing entirelyWhy the ceiling on the quality of your team is set well before your first engineering hire.Why founders consistently lose top candidates at the offer stage.Why it's a HUGE mistake to rely on the most popular industry compensation databases.What makes early-stage hiring SO "ridiculously hard".What *actually* makes a founder attractive to top engineering talentAlong the way, Boris shares a VERY uncomfortable truth about startups and founders that reveals why the ultimate ceiling of any startup is a very specific skill possessed by its leadership - tune in to find out!Chapters00:00 Episode Preview 00:42 Starting a Recruiting Firm After the Dot-Com Bust02:04 Dropping Recruiting SWAT Teams into Pinterest & Airbnb04:53 The Decision To Walk Away...07:09 The 1st10 Origin Story10:01 How 1st10 Decides Who They Work With11:53 Embedded & Retained Recruiting16:21 5 Startups From The 1st10 Portfolio22:53 "Talent Magnet" Founders And Their Blueprint25:56 3 Recruiting Mistakes Made by Startup Founders32:10 Why IS Early-Stage Hiring "Ridiculously Hard"? 36:32 3 Values That Define How 1st10 Operates39:56 The Truth of Truths For ALL Startup Founders41:28 A 30-Year Vision for the Next Tech Renaissance43:41 Contact Details & ConclusionQuotes:"I watched Stripe go from these two founders building this early team, to now where they're one of the most-storied technology companies in Silicon Valley worth $50 or $100 billion right now. And it all started from the ambition of the founder, the recruiting ability of the founder, and the talent-dense team that they built." - Boris Epstein (09:00)"We've made the decision to work with a fewer number of startups at a deeper level than working with a broader number of startups at a more superficial level. I believe one of the problems with recruiting is that they optimize for the latter." - Boris Epstein (11:53)"You have to be THE ONE for these candidates to want to join you! Not the 'one of many', not 'the ones building in this space'... You have to be THE ONE!" - Boris Epstein (30:19)"The startup's ceiling - from a talent perspective - is the recruiting abilities of the founder." - Boris Epstein (38:04)"Not AI, not technology, not executive assistance, not even third party recruiters - NOTHING will replace the founder's need to invest at that level. And the founders who invest at that level are the ones who build the standout teams." - Boris Epstein (40:42)Follow:Spotify: https://podcasters.spotify.com/pod/show/1st10podcast Amazon: https://music.amazon.com/podcasts/7e8ec9af-f38c-4cd9-8c68-1c1dd4516b 27/1st10-podcastApple: https://podcasts.apple.com/us/podcast/1st10-podcast/id1760411207 Podcast: https://www.1st10.com/podcast RSS: https://anchor.fm/s/f951319c/podcast/rss YouTube: https://www.youtube.com/@1st10podcast Links:Boris Epstein on LinkedIn: https://www.linkedin.com/in/borisepstein/Contact Form: - Founders: https://www.1st10.com/wt-founders- Engineers: https://www.1st10.com/wt-engineersEpisodes Referenced:Alice Zhang - https://www.youtube.com/watch?v=vcejiN-6JOAAshley Pelzel - https://www.youtube.com/watch?v=0hyOIi8h95cShashank Chiranewala - https://www.youtube.com/watch?v=TwDaut7XGHcMusic by Roman Senyk from PixabayProducer: Shrikant Joshi
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