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

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

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?