Crypto rich lister Robbie Ferguson tells the How I Made It podcast budding founders should hire slowly, don’t study law, don’t get caught in the hype, and read.
Robbie Ferguson, 25, is a nerd who spent a lot of time playing video games. Now he co-owns a company worth $3.5 billion. He and his brother James, 30, debuted on the
“I think starting a company is incredibly hard. It’s by far the hardest thing I’ve had to do. There have been you know, the first two years were absolutely gruelling, over 100 hour weeks on average.Louie Douvis We developed a system fairly early on, which was type one versus type two decisions. A type one decision is an irreversible decision or a one-way door. And the type two decision is fairly easy to reverse. And type one decisions, we had to build executive alignment on. Type two, anyone could take. That gave employees a lot of psychological safety. They could go and make as many type two decisions as they wanted.
We focused on trying to establish revenue and something that people wanted to use and pay for. Because that was where we could demonstrate value, rather than just an idea. And then I think the second thing is that we really focused on creating a community where the focus was not what is the price of Bitcoin or Ethereum. But it’s instead what value are we delivering to players.If I am spending time trying to hire everyone, it’s not going to be efficient.
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