20VC: The Ultimate Hiring Playbook: Five Questions to Ask Every New Hire | What Makes Truly Great Leaders and How They Give Feedback | Do VCs Really Add Value; Lessons from Hard Fundraises with Matteo Franceschetti, Co-Founder @ Eight Sleep
Posted on 20th November 2023 by Harry
Matteo Franceschetti is the Co-Founder and CEO @ Eight Sleep, a company dedicated to fueling human potential through optimal sleep. To date, Matteo has raised over $160M for the business from the likes of Founders Fund, Ryan Petersen, Naval Ravikant, Kevin Hart, AROD and many more.
In Todays Episode with Matteo Franceschetti We Discuss:
1. Why Did Sleep Need “Solving”:
Why did Matteo decide he wanted to spend decades of his life-solving sleep?
If Matteo has known how hard it was going to be, would he do it again?
What does Matteo know now that he wishes he had known at the start of the journey?
2. Hiring the Best Team:
What is Matteo’s playbook for hiring?
What are the five questions that Matteo asks in every interview?
What are big red flags? What are strong signals of great talent?
If people have been let go in a RIFF, is that a concern?
How does Matteo construct hiring panels? What vote count is enough for an approved hire?
What are Matteo’s biggest lessons on title and pay a new hire receives?
What are some of Matteo’s biggest lessons when it comes to firing people?
3. Funding the Business:
What was the hardest round to raise? Why?
Are investors justified in their skepticism of hardware?
What are the single biggest pieces of advice Matteo would give to founders on raising?
How impactful has it been having Keith Rabois and Founders Fund as an investor?
Do VCs really add value?
4. Mastering Health, Sleep and Nutrition:
How does your diet impact the quality of sleep you have?
How does exercise and the time of exercise impact your sleep?
What are some common rules on sleep that are BS and myths?
What are some of the most non-obvious truths about getting great sleep?