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
Episode description
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?