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Andrew Marks

👤 Person
330 total appearances

Appearances Over Time

Podcast Appearances

Acquired
Howard Marks & Andrew Marks: Something of Value

I definitely can't attest to having nearly as much experience in recruiting.

Acquired
Howard Marks & Andrew Marks: Something of Value

We've added a whole three people to our team now.

Acquired
Howard Marks & Andrew Marks: Something of Value

But I do think that the vast majority of the venture investment decision making is about understanding founders and having a sense for founders.

Acquired
Howard Marks & Andrew Marks: Something of Value

I mean, again, after talking about all this business analysis stuff, we firmly believe that the vast, vast majority of the investment consideration is backing the right people.

Acquired
Howard Marks & Andrew Marks: Something of Value

And so what you're doing, I think, every day, every week is evaluating people.

Acquired
Howard Marks & Andrew Marks: Something of Value

And so you have to do that in the same way.

Acquired
Howard Marks & Andrew Marks: Something of Value

And so I think, first of all, when you hear a venture pitch, so many of them that we all hear are like, you know, the person gets on and it's like, here's where I went to school.

Acquired
Howard Marks & Andrew Marks: Something of Value

Here's where I worked.

Acquired
Howard Marks & Andrew Marks: Something of Value

And then I worked here and now I'm doing this.

Acquired
Howard Marks & Andrew Marks: Something of Value

And let me tell you what I'm doing.

Acquired
Howard Marks & Andrew Marks: Something of Value

And.

Acquired
Howard Marks & Andrew Marks: Something of Value

I sort of say, no, no, no, let's stop.

Acquired
Howard Marks & Andrew Marks: Something of Value

I want to spend a lot of time understanding you.

Acquired
Howard Marks & Andrew Marks: Something of Value

And I think the real way to suss out judgment is by going through the person's story and background and understanding why they made decisions.

Acquired
Howard Marks & Andrew Marks: Something of Value

Because you can sort of fake your way through prospective things.

Acquired
Howard Marks & Andrew Marks: Something of Value

And when I and I'm sure you guys were recruiting at a school, you know, there was the vault guide for finance interviews.

Acquired
Howard Marks & Andrew Marks: Something of Value

And you could memorize every single answer about how you would do this and how you would do that and whatever.

Acquired
Howard Marks & Andrew Marks: Something of Value

And so if you really dive into what people have done and why, and if they've made decisions based on their own judgment, and if they've learned and evolved, and if they've made decisions based on first principles, and we're willing to go against the herd, and we're willing to do things because they're passionate, and if their idea comes from specific knowledge of a real problem and a real deep understanding, I think you can evaluate judgment very well based on that.

Acquired
Howard Marks & Andrew Marks: Something of Value

And so I think that translates into hiring too, you know, really understanding what people have done in the past and why.

Acquired
Howard Marks & Andrew Marks: Something of Value

And then I think you can also test for specific skills in the hiring process.