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Peter's avatar

Indeed. This is why instead of going to the doctor I merely seek out a smart, kind, driven friend and ask their advice.

This advice is quite silly outside of early stage start-ups, and when we are looking at big tech companies we should probably note the vicious head-hunting that is carried out to steal teams with relevant experience in useful flavours of AI or cloud development.

But since we are talking about early stage start-ups: the problem there is that people who have relevant experience and a strong track record are often unaffordable for an organisation that has to pay mostly in promises. Conversely people who seem to have a lot of experience but are suspiciously cheap and available aren't necessarily always better than an enthusiastic newbie.

Don't fool yourself though: lack of experience absolutely kills start-ups. I've witnessed it a few times. But you're trading off experience for runway, and short runways are similarly dangerous.

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Brenton Baker's avatar

What happened to capitalization?

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