Precision Neuroscience CEO Michael Mager joins WIRED to answer the internet’s burning questions about startups. Why do most startups fail? What does a typical CEO’s job entail? How do you hire the right people for your company? Who can fire a CEO? How does startup funding work? What does it mean for a company to “go public?” Answers to these questions and many more await on Startup Support.
0:00 Start up Support
0:17 How do you hire the right people?
0:55 What would you say you do here?
1:34 CEO Skill Tree
2:16 Bankruptcy Speedrun (Any%)
3:34 Startup mentality
5:12 Why does HR exist?
6:38 Silicon Valley and Tax Rates
7:33 Why do most startups fail?
8:06 CEO, CFO, COO, and VP vs. Owner
9:42 Who can fire a CEO?
10:41 Going public
11:52 Startup valuations
13:34 How do I raise pre-seed funding for my startup?
14:36 How does startup funding work?
15:53 CEO Fails
17:32 CEO/Worker salary imbalances
19:01 Stock options
19:46 KPIs
20:50 The FDA approval process
21:43 EBITDA
22:51 Starting over with your startup
Director: Lisandro Perez-Rey
Director of Photography: Charlie Jordan
Editor: Richard Trammell
Expert: Michael Mager
Producer: Lauren Zeitoun
Line Producer: Jamie Rasmussen
Associate Producer: Brandon White
Production Manager: Peter Brunette
Production Coordinator: Rhyan Lark
Camera Operator: Caleb Weiss
Sound Mixer: Sean Paulsen
Post Production Supervisor: Christian Olguin
Supervising Editor: Eduardo Araujo; Erica DeLeo
Assistant Editor: Billy Ward
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Who’s the boss of the CEO? The Board!
Just make a product that people will buy (or organisations) and find a way to get the word out!
Rest is just technicality.
Party in EBITDA
Next, someone tell me why do people fund political rallies if most will inevitably fail?
This is “Brain-Computer Interface Support”
meh, venture capitals and hedge funds are sharks, stock buybacks are the reason why the middle class died and legal insider trading. silicon valley and its illusion of making the world a better place while becoming millionaires 😅😅😅 how's that working out the past 20yrs? take a peek behind the curtain of OpenAI for example. FDA? US regulaters? dominated by who has better lawyers and lobbyists. good advertisement for the company here though, well played 👍
I love how this has got relatively low views
wish more videos explained it like this
Michael's point about hiring right is spot on. We used Pneumatic Workflow for onboarding, made team collab way smoother. Anyone else using it?
can anyone fire a ceo?? wild