Entrepreneur

How to Make Smart Hires on a Tight Budget

Growing a team is an important (and intimidating) step for a startup. And when money is tight, the pressure is on to get every hire right.
Source: Federico Gastaldi
Federico Gastaldi

Ray Dalio, the founder of Bridgewater Associates, who’s known as the king of hedge funds, is famous for saying, “Hire right, because the penalties of hiring wrong are huge.” 

These are obvious words from a brilliant man. But the problem is, there’s no script for “right” when you’re in startup mode. You have a hundred different needs but can afford only to make many hires all at once, and you don’t have to fill hyperspecific roles in your company. Rather, you just need to find the right of people who will best support early .

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