17 Start-Up Founders on How to Become Insanely Successful

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Peter Berg, founder of October Three, currently on Visa's innovation team

Be really picky with your hiring, and hire the absolute best people you possibly can. People are the most important component of almost every business, and attracting the best talent possible is going to make a huge difference. Quality and quantity of output is not linear (e.g. one rockstar programmer can produce much better code than two average or slightly below average programmers). Throwing more people at a problem doesn't necessarily solve it faster, but it definitely costs more. So hire the best people. (And if you make a mistake, don't be afraid to let them go.)