Tristan Handy: Why The CEO Should Make As Few Decisions As Possible | 20VC #937

Tristan Handy is the Founder and CEO @ dbt Labs, a data transformation tool that enables data analysts and engineers to transform, test and document data in the cloud data warehouse. To date, Tristan has raised over $400M from the likes of Sequoia, Altimeter, Coatue, ICONIQ and GV with the latest funding round valuing the company at $4.2BN. Prior to founding dbt Labs, Tristan was the VP Marketing @ RJ Metrics and got his break in the world of startups through former 20VC guest, Anthony Casalena with a Director of Operations role at Squarespace. ------------------------------ Timestamps: 0:00 Intro 0:20 How did you make your way into startups? 2:30 How important is luck vs skill? 3:56 How do you spot talent so much better than anyone else? 7:05 Doesn’t experience have value? 9:40 What did you do to build defensibility? 11:37 Move fast and break things? 14:45 Why did you decide to turn on monetization? 17:05 What did you need to transition to enterprise? 19:05 Hiring mistakes & team building 22:59 How to structure performance reviews 25:23 Remote work is terrible but distributed companies are amazing 31:07 How do you align success between founder and investor? 34:01 Tradeoff between scale and freedom 36:45 Do you worry about dilution? 38:25 Do you worry about living up to your valuation? 40:16 What efficiency metrics do you use? 42:19 High performance in leadership 44:52 Are there limits to transparency 46:27 Most painful lesson as a leader 50:18 How do you think about your relationship to money? 55:35 Working remotely in Italy 56:15 Night at Frank Slootman’s house and Sequoia CEOs 57:29 Hardest thing about the job 58:37 What have you changed your mind on recently? 59:18 What do you do to make async work? 1:01:12 Where will dbt Labs be in 5 years? ------------------------------ In Today’s Episode with Tristan Handy: 1.) Entry into Startups: How did Tristan make his way into the world of startups with his first role at Squarespace? How did Tristan’s time with Squarespace impact how he builds dbt Labs today? What does Tristan know now that he wishes he had known when he founded dbt Labs? 2.) Our Jobs Are Not That Hard: Why does Tristan believe that our jobs are not that hard? If going down this line, how does Tristan hire? What does he look for? How does he test for it? When does experience matter? When does it not matter? 3.) dbt Labs: The Company Why does Tristan believe that remote work does not work? What financial packages have dbt put in place to allow their employees this physical interaction? What does Tristan believe is the hardest element of building a hybrid company? When does everything start to break? What are the biggest lessons Tristan and dbt have taken from Gitlab? 4.) Tristan: The Leader How does Tristan conduct and execute on the best performance reviews? How does Tristan create an environment of safety where people feel they can be honest and transparent? What are the elements that you cannot be transparent on? Where does transparency break down? 5.) Trading Freedom for Scale: dbt Labs could have been a small and super profitable company, why did Tristan decide to trade off the freedom and raise big from VCs? How did Tristan raise over $414M without ever talking about an efficiency metric? Is Tristan concerned about living into the $4.2BN valuation in what is a very different time? With the benefit of hindsight, is Tristan pleased he went big and raised venture? ------------------------------ Subscribe to the Podcast: https://www.thetwentyminutevc.com/tristan-handy/ Follow Harry Stebbings on Twitter: https://twitter.com/HarryStebbings Follow Tristan Handy on Twitter: https://twitter.com/jthandy ------------------------------ #TristanHandy #dbtLabs #HarryStebbings #20vc #datamanagement #dataanalytics #startupadvice #startuptips #founderadvice #foundertips #CEOadvice #CEOtips