Oftentimes, when FinTech startups receive funding, they spend a lot of it on hiring new employees. During this episode, I explain the numerous negative consequences of growing your team before your company is ready for it.

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Today’s episode:

• [00:50] What many FinTech startups do when they receive funding.
• [01:13] The numerous problems that are associated with hiring people in a hurry.
• [04:21] A common occurrence that takes place when experienced people join a less mature team.
• [05:43] What often happens when people aren’t 100% occupied at work.
• [06:10] Complaints that are likely to arise when startups hire people before they need them.
• [07:02] A commonly-held false belief about growth.
• [08:11] Why needing an expert is not a good reason to hire someone.
• [09:19] The three factors that lead to the growth of FinTech startups.
• [10:52] The correlation between knowledge and risk-taking.
• [11:15] What is required of FinTech founders when they are trying to grow with a big team.

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