New venture outsourcing blog

One of the recurring themes that I find being said about startups is the “need for speed.” Most novice entrepreneurs think this means access to money, but once you’ve done it a time or two you realize quickly that it’s not money you need to go quickly. It’s people. Money doesn’t build your product, take orders, or support your customers, people do.This need to build your product quickly is at odds with the need to build a carefully crafted collection of experts who gel into a high-performing team.In particular, this Fast Company article has a great comment from J. Neil Weintraut, a general partner at 21st Century Internet Venture Partners, in San Francisco on the subject:What does it take to move that fast? The answer is not mountains of cash or cutting-edge technology. To build a fast startup, says Weintraut, you first need to hire fast people. More important than time to market, he says, is “time to hire,” since the latter will determine the former. “An entrepreneur has only one job: to hire,” Weintraut explains. “Starting a company is no longer about raising capital; it’s about raising teams. The single biggest challenge for any startup is finding people who will enable you to move fast.”I think this is why small teams of 3-5 entrepreneurs often are able to succeed so quickly - because the first few critical hires were all good ones.What do you do when you need to grow quickly & you can’t hire fast enough? You outsource of course!

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