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HomeVenture Capital20VC: Wolt CEO, Miki Kuusi on Management Classes Scaling to a Reported...

20VC: Wolt CEO, Miki Kuusi on Management Classes Scaling to a Reported $8.1BN Exit to Doordash, Constructing Groups not Households, The Distinction Between Belief and Security Inside Firms, How To Use Compensation to Create Tradition & Why You Ought to Not Be Wanting For Individuals Who “Have Carried out It Earlier than”


Posted on twenty eighth November 2022 by hstebbings1

Miki Kuusi is the CEO of Wolt and Head of DoorDash Worldwide. In 2014 Miki based Wolt with a mission to show the smartphone right into a distant controller for all times, beginning with delivering your favourite restaurant meals, to you at dwelling. At the moment Wolt operates in 23 international locations, throughout a number of totally different classes, has over 4,000 staff, and final 12 months, Doordash made the transfer to hitch forces with Wolt in a deal value a reported $8.1BN. Beforehand, Miki was the CEO of Slush, one of many main tech and investor occasions on this planet attended by greater than 25,000 folks yearly.

In At the moment’s Dialogue with Miki Kuusi:

1.) Founding Slush and Wolt: An Entry into Startups:

  • How did Miki come to discovered Wolt? What was that a-ha second?
  • Did Wolt have product-market-fit from Day 1? What was the turning level once they did?
  • What does Miki know now that he needs he had recognized when he began Wolt on Day 1?

2.) The Makings of a Really Nice Chief:

  • How does Miki outline “excessive efficiency” right now in management?
  • How does Miki take into consideration what focus means in management? What’s the hardest resolution Miki has needed to make with regards to focusing the corporate? What did he study from Ilkka @ Supercell?
  • What does Miki consider is the KPI of success because the CEO? How does it change?
  • What does Miki consider is the distinction between good vs nice management?
  • What does Miki consider is the largest sacrifice he has made because the CEO?

3.) Hiring a Staff to Compete on a World Stage:

  • How does Miki use compensation to create a tradition of possession and accountability?
  • Does Miki begin from a place of belief and it’s there to be misplaced or no belief and it’s there to be gained?
  • What’s the distinction between a crew and a household in firm constructing?
  • What’s the core distinction between belief and security in firm constructing? Why does Miki all the time need to have belief however not need to have security?
  • What are the only greatest hiring errors that Miki has made? How has he realized from them?
  • Why does Miki consider you do not need to rent those that have finished it earlier than however rent the individuals who have seen these folks do it earlier than?
  • Why does Miki consider most corporations are merely glorified recruiting operations?
  • Does Miki consider that corporations must be as large as they’ve grown into, headcount-wise?

4.) Miki Kuusi: The Private Journey

  • What single day was the toughest day of the Wolt journey for Miki? How did it change him?
  • Why does Miki consider that for his or her Collection B, all-bar one VC turned them down?
  • How does Miki assess his personal relationship to danger and cash right now?
  • Why is Miki an advocate for founders taking secondaries alongside the journey?
  • What can Europe do to grow to be a powerhouse in tech shifting ahead?
  • Why did Miki resolve to promote the corporate to Doordash? What’s he most excited to study from Tony Xu, Doordash Founder and CEO?

Objects Talked about in At the moment’s Episode:

Miki’s Favorite E-book: The Onerous Factor About Onerous Issues: Constructing a Enterprise When There Are No Simple Solutions

Miki Kuusi Transcript:

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