Summary: In this episode we discuss Amazon, hiring engineering teams and recruitment strategies. Glenn was engaged by Amazon to build and lead the engineering team, here in Sydney. In the early days Amazon ran at huge losses and burnt a huge amount of investor capital before generating any profit. An important way in which to manage cash flow is to ensure that a startup has a rigorous recruitment process. Once capital has been raised, cash flow needs to be managed very carefully so that if things go wrong or the next round of funding is delayed, the startup will survive. Listen to the full episode to hear all this, plus: The methodology behind a rigorous recruitment strategy. How to recruit objectively and not using one's unconscious bias. The importance of managing cash flow once capital has been raised. Quotes from Glenn Butcher: You need to objectively score candidates on company fit, like you would on their programming or development skills. If I get asked a tough question in an interview, I know that there is a rigorous recruitment process in place.
