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The Foundr Podcast with Nathan Chan

164: Why You Need More Swiss Army Knives and Paratroopers on Your Startup Team, says Ryan Holmes of Hootsuite

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 7 September 2017

⏱️ 28 minutes

🧾️ Download transcript

Summary

What separates the companies that make millions of dollars from those that never make it? It's not the vision, or the product, or even the founder, it's the people. You can't build a successful business, let alone grow it, without having the right people by your side. It's a lesson that Ryan Holmes, CEO and founder of Hootsuite, is intimately familiar with. Today, Holmes finds himself at the helm of one of the fastest-growing companies around. Hootsuite is a mega-popular social media tool that boasts over 16 million customers and 5 million messages powered by its service every single day. As of 2013, Hootsuite has raised an impressive $165 million in funding from some of the biggest VC firms in the world and continued to dominate the social media landscape. In this episode, Holmes advises founders that when it comes to finding your first batch of employees, you're looking for the "Swiss Army knives" and "paratroopers" of the world. People who have the ability to take the smallest instruction and make their own way. It can be tempting to want to hire specialists in the early days, but as Holmes explains, they're more likely to hold your business back in the early days. Finding the right people is as much about timing as it is finding the right skillset. And according to Holmes, the number one reason Hootsuite managed to grow so fast is that he had the right people by his side from day one. In this episode you will learn: Why having first-mover advantage means nothing in the startup world What the number one focus of any startup should be in the early stages Building virality into your product. Why, and most importantly, how. Where to find and deploy the "shock troops" of your team Why you should actually stay away from Silicon Valley when looking for A-players & so much more!

Transcript

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0:00.0

This is episode number 164 with Ryan Holmes at the Founder Podcast.

0:06.9

What you need is thirst.

0:08.6

You need to be a thirsty human.

0:10.7

Who is intent on learning.

0:12.6

It's a really fascinating exploration of human potential.

0:18.4

The Founder Podcast.

0:20.8

Even the greatest entrepreneurs had help.

0:24.4

If you want to learn from the most successful founders on the planet,

0:27.9

you are in the right place.

0:30.1

Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Arianna Huffington,

0:33.1

Steve Case, Gary V, Sophia Amoroso, Barbara Corcoran, Damon John.

0:37.2

Learn from the greatest minds in business today with interviews hosted by Nathan Chan. This is not your average entrepreneur podcast. The Founder Podcast.

0:52.4

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:58.6

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:04.2

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,

1:10.4

you name it. We put out so much content to help you.

1:13.5

And another interesting project that we're working on right now is partnering with world-class

1:18.4

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:24.4

skills like negotiation, finance, e-commerce, and so much more.

1:30.6

So if you'd like to get access to these free trainings with founders like this, which is

1:36.1

100% free, just go to founder.com forward slash free. Okay, so now let's talk about today's

1:43.2

episode. Hello, guys. Welcome's talk about today's episode.

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