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I sat down a second time with Keith Rabois (@rabois), General Partner at @khoslaventures and CEO at @OpenStore to talk operating. We spoke about the Hollywood model of startups, picking co-founders, identifying, attracting and assessing talent, raising capital, building a board, delegating, metrics, and knowing what to measure. 0:00 - Intro 1:56 - Great Founders and the Bottleneck to Innovation 4:35 - Vertical Integration 6:24 - The Hollywood Model of Startups 7:41 - The “Why Now?” in Company-Building 9:50 - Multi-Product Companies 10:58 - Iteration and Pivots 12:52 - Picking Co-Founders 14:51 - Identifying Mispriced Talent 17:20 - Attracting Talent 20:57 - Assessing Talent 24:02 - Doing References 25:56 - Closing Hires 28:28 - Thinking 6 Months Ahead 31:36 - How Long Should You Interview For? 33:28 - Creating a Monopoly on Talent 35:44 - Raising Capital 37:40 - Screening Investors 41:21 - Building a Board 44:11 - Triaging and Identifying Problems 47:59 - Writing vs Editing and Consistent Voice 49:34 - Creating Transparency 50:50 - Barrels and Ammunition 54:55 - Task-Relevant Maturity 56:40 - On Delegating 59:21 - Measuring Inputs vs Outputs 1:02:58 - Underrated Metrics 1:05:22 - What Should More People Be Thinking About?

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