Daniel Yanisse: Biggest Mistakes Founders Make in the Hiring Process | 20VC #903

Daniel Yanisse is the co-founder and CEO of Checkr, a leading HR technology company, currently valued at $5 billion. During the journey, Daniel has raised over $679M for Checkr from some of the best including Accel, Bond, Coatue, GV, Elad Gil and IVP to name a few. Prior to Checkr, Daniel was a software engineer and helped develop prototypes of the Mars Rover for NASA. Daniel has been recognized in Forbes “30 Under 30” and recently Checkr was recognized by Forbes as one of America’s best start-up employers. ------------------------------------------- Timestamps: 0:00 The Story of Checkr 2:36 How to delegate 5:38 What were your biggest mistakes hiring? 8:06 How to tell if FAANG candidate is ready for leadership 9:38 When is the right time to hire an experienced FAANG candidate? 10:48 How long to give new hires store you decide it isn’t working? 12:00 How to give effective feedback 13:45 What the right way to let someone go? 15:24 Team Building 17:27 CEO Coaches 22:20 Board Management 27:17 Did you have insecurities when you were young? 28:18 Have you ever gotten too confident? 29:35 Why were 2019-2020 so hard for you? 31:55 Do you worry about raising capital at such high valuations? 34:45 Mistakes founders make when fundraising 39:08 Best/Worst decisions you made for Checkr? 43:28 Biggest lessons learned on M&A 44:59 Quick Fire Round ------------------------------------------- In Today’s Episode You Will Learn: 1.) The Origins of Checkr: The $5BN Company How did Daniel come to co-found Checkr? What was the a-ha moment? How did Daniel’s experience with his prior company impact how he thought about building Checkr? What does Daniel know now that he wishes all first-time founders knew when they started? 2.) Hiring 101: What are the single biggest hiring mistakes Daniel made in the early days of Checkr? How does Daniel structure his interview process for new candidates today? How has it changed? How does Daniel test for ego and humility in the interview process? How does Daniel approach giving feedback today? How has it changed over time? What does Daniel believe is the right way to let someone go? How long does one give a team member who is not performing? 3.) Fundraising 101: How does Daniel advise founders going out to raise today in the challenging market conditions? What terms should founders optimize for? What terms should they not optimize for? What are the single biggest mistakes Daniel sees founders make when raising? What does Daniel wish he had done differently with Checkr’s raises? What was the hardest raise for Checkr? Why was it so hard? What was the outcome? 4.) Going into Enterprise: Why does Daniel believe they went into enterprise too soon? What was the result of this? How does Daniel advise founders on when is the right time to go into enterprise? What changes in both your company and your product when moving to enterprise? ------------------------------------------- #DanielYanisse #HarryStebbings #20VC