19:45Don't Make These Hiring Mistakes
From Y Combinator · Published Jul 21, 2022 · Watch on YouTube
TL;DR
The video argues that pre-product-market-fit startups should avoid hiring, as most hiring advice targets post-PMF companies and applying it early accelerates death. Founders often hire for wrong reasons (e.g., progress markers, availability, future problems) and overhiring leads to higher burn, shorter runway, and management drain.
Key insights
- Hiring advice written for post-PMF companies (products users love, scaling) is destructive when applied to pre-PMF startups because it can accelerate failure.
- A common lie founders tell: hiring more people will get more things done faster or reach profitability faster—but employees cost salaries, not generate money.
- Founders often treat employee count as a KPI for progress, impressing investors, customers, and friends; experienced founders instead wish they could do more with fewer people.
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