This founder cut his hiring costs by 50% by using offshore software developers.
His company is the fastest growing fintech startup in the world.
Nik Storonsky took 6 years to get Revolut to a $33 B valuation.
Steal his 6 hiring secrets:
@paulg
@HistoryEJ
Well Paul.
What we can see here is evidently a burgeoning renaissance of the lexical tool "delve".
Your myopic paradigm severely hinders your perception.
@awilkinson
If you have an audience, you have attention.
If you have attention, you can get people interested.
If you have people interested, you can get customers.
If you have customers, you can have a business.
It's really that simple.
@tekbog
Agreed. All software engineers should be Full Stack polyglots who don’t use the mouse and use vim as their IDE. Everything else is slow and backward
It's 2024 and I still see people doing "voodoo hiring".
This is when you hire based on guesses or feelings, not on real evidence or fair reasons - it's way more common than you think.
Here are 10 examples (+ why they suck):
@farzyness
Here we go!
You'll order a taxi on X and a Tesla will pull up.
You'll hear Elon's voice say,
"Hop in loser, we're going to your destination"
The world will never be the same.
@mwseibel
To build a startup, you must be independent minded.
You must be willing to go against the grain.
It makes you difficult to work with.
But it also makes you found billion dollar companies.
Just had a conversation with my Dad.
I told him my plans for my business and I ended by saying:
"If it fails, I will just go and get another job"
My Dad:
"Once you've started your own business, you'll be unemployable for life."
Me:
"Why?"
My Dad:
"You won’t be able to bear
There is so much chaos in the world right now.
Chaos means the world is changing.
Change in the world means there will be more new opportunities.
New opportunities to start a business.
There’s never been a better time to start.
@joserosado
There was a study done on 2 types of CEOs.
Lambs and Cheetahs.
Lambs listen to their board and were very thoughtful and methodical about their decisions.
Cheetahs made decisions quickly and acted on their instincts.
After studying 225 CEOs, they found that:
Lamb CEOs had a
@itsandrewgao
@duolingo
DUO is SO SAD!
Come on man!
Go help him out!
But under the hood, this is actually database reactivation.
We are getting users that haven't interacted in a while to pop back onto the app.
Getting existing customers back is always easier than acquiring new customers.
Consider yourself lucky for starting a business.
Most people never find the courage to even start.
They like keeping the idea as a nice dream in the back of their head.
If you can get someone to buy:
- Lemonade
- Cupcakes
- Your old bike
Then you can get someone to buy:
- A house
- A yacht
- A company
Selling can be applied to anything.
@Locati0ns
I can't believe that Australia is so big that they must fly from one end to the other.
Surely they can just use a kangaroo to jump from one end of Australia to the other.
@yacineMTB
It's embarrassing that you need a couple million dollars to get started and get a few customers.
Use your customers to pay for your startup.
If they won't pay for it, then it's not a good startup.
Serena Williams still has a coach.
That coach isn’t better than her at tennis.
But he knows how to solve her biggest problems.
That’s what makes the difference.
Trust me.
You will regret every second spent:
Mindlessly doing something like scrolling through TikTok
Doing something that someone else told you to do
Don’t listen to someone just because it’s “what you’re supposed to do”.
Carve out your path with purpose and intent.
@severinhacker
I absolutely love this.
It cuts straight to the paint.
Most people working at a big company are not so passionate about the big company's goals and mission.
They want a house.
They want stability.
They want the reputation of working in tech.
Sell them that and they'll work
Being smart helps.
But it doesn’t guarantee success for your startup.
There are too many smart people who end up being office monkeys.
If you consider that success, that’s great.
But I know I don’t.
@anothercohen
This is great.
My Dad had my grades put into a Google Sheets.
Then he used this number to determine how many hours of video games I could play.
People like to be heard.
Whenever someone explains something to you, paraphrase it and repeat it back.
This makes you understand what they have said.
And it makes them feel understood
Don’t be afraid to go up against large corporations.
Although their reputation is huge, they are run by average people.
Just like you.
Just like me.
You can beat them.
Some accelerators are genuinely scams.
They are super easy to get into.
They take more than 15% of your equity
Mentorship is mediocre at best
What are you left with?
A bit of cash and part of your company was stolen.
When I went to Romania, and saw that there were so many educated software developers.
Who spoke GREAT english.
I knew there was an opportunity for something special.
There comes a point when after programming for 17 hours.
You just can’t do any more great work on that day anymore.
Know your limits for great work.
Stop when the quality begins to seriously decline.
Not many people will do this.
Here are my failed businesses:
- Travel YouTube channel
- Ecom
- Marketing Agency (twice)
- SaaS
I'm still standing.
You'll be fine.
SPEED is key.
When you scale, ask yourself 3 things:
- Who do I need to hire?
- When can they start working?
- When will they have an impact?
Now your roadmap is 10x clearer.
People don’t understand how the VC business works.
A ‘good’ outcome is a MULTI-BILLION dollar company.
If you try to sell for less, they might actually block you.
You should NEVER use your “gut feeling” when hiring.
Hiring is not an emotional decision.
It can’t be.
A great hire can take the company to new heights.
A bad hire can make your company fail catastrophically.
Fiverr and Upwork are great if you need something done in 2 weeks.
But you want the best of the best talent if you're going to be employing somebody for months.
Make sure that you take the time to attract and choose the BEST candidates.
Want to get revenge after a breakup?
Build a billion-dollar company.
The girl who broke up with Mark Zuckerberg can now never open the internet thinking about him
The ultimate breakup revenge.
@TheJobfather__
Any more than this and you're going to stagnate.
You'll become such a cog in the system that you can't imagine the world without that company.
You’ve only got 5 customers.
It can be demoralising to see that you’re at such a low point.
But, hey, yesterday you had 4 customers.
Growth is the most important metric.
If you sell your equity for a bit of cash, VCs will actually like you.
You don’t have to worry about money day to day.
You're less likely to accept a sucky acquisition.
You’re more likely to build a billion dollar business.