Investment

When do VCs start seriously thinking about exits? by Demo Day (Translated from Korean)

For VCs, exits are not about “greed” but a “structural inevitability.”

As a founder, you must always check the ‘fund maturity date’ of your VC.

Human Resources

Things to watch out for when expanding team size by Seunghoon Lee (Translated from Korean)

1. Speed (e.g., product update speed, new technology development/launch speed, etc.) must increase compared to the past. (The idea that speed can slow down for the sake of stability and structure is 99% wrong. You must add stability and structure while making things even faster.)

2. Per capita productivity must increase. In other words, revenue growth should outpace the rate at which new people are added.

3. Limit additional hires per quarter (or half-year) to within 10% of the total headcount. If a 30-person organization grows to 60 in just six months, problems will arise. The most thought and discussion should go into whether to open a new position, not just during interviews. You should spend more time and energy deciding whether to open a position than interviewing candidates. The discussion should be so rigorous that you might even say, “Let's just not hire anyone.”