David Mandell is a serial entrepreneur, having co-founded several companies and is also a mentor for TechStars, helping startups and entrepreneurs at various points of their development. In this episode, we discuss the characteristics of a great CEO including when to scale, seeking capital, building a team, company culture, and when to call it quits.
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[1:00] About David Mandell
[2:50] When does a hobby become a business
[3:34] When to scale the business with help
[5:19] How to judge a potential new hire
[10:00] Employees vs contractors
[11:30] When to seek capital
[14:45] When to start paying yourself
[16:10] Characteristics of a great CEO and Founder
[18:50] Biggest mistakes young owners make
[21:31] Tips on company culture
[27:00] Dealing with the pressures of being a CEO
[30:50] Overcoming a business that's plateauing
[33:30] When it's time to shut down a business