00:27:45 · David Senra, Micky Malka
[00:27:45] S0: Deel is how the best founders turn the world into their talent pool. I've been studying how history's greatest founders operate for a decade. And one thing they all have in common is they understand that recruiting and hiring the very best talent is your most important priority. A players recognize other a players, which is why top companies like Ramp, Shopify, Eleven Labs, Uber, and DoorDash all use Deel. Many of the top founders I know have personally invested in Deel after using their product. And what they discovered is that Deel is the best company in the world at building infrastructure for global hiring. Deel will help your business hire, pay, and manage any worker anywhere in the world so you can retain the best talent anywhere and spend the rest of your time focusing on what you do best, delivering value to your customers. The founder of Eleven Labs has a great description of the value Deel can give your company. He said, we built Eleven Labs to break down language and communication barriers. With Deel enabling us to hire and support exceptional talent anywhere, we can accelerate our innovation and bring more voices, stories, and ideas to every corner of the world. Deel is trusted by over 40,000 businesses. Learn how they can help your business today by going to deal.com/senra. That is deal.com/senra. Let's go back to the young kids that you spend time with and the way they think about company building compared to some of your older founders. [00:29:05] S1: From what sense? I think
00:29:05 · Micky Malka, David Senra
[00:29:05] S1: From what sense? I think [00:29:06] S0: the founders moving forward, like, obviously, they're gonna be way more capital efficient. I think they're gonna own larger percentages of their companies because they're gonna need to to raise less money. Think I you used the analogy of one time if you go back and look at, like, some of the Robert Barons who owned, like, Henry Ford owned a 100% of his company. Yep. Some of them would go public and they'd own 70 or 80% of the company. Yeah. I'm just very curious, like, how you think they're gonna be building companies, again, a 21 or 22 year old compared to even like a 35 year old?
00:29:35 · Micky Malka
[00:29:35] S1: So the the first thing about this generation is they understand that if they play by the rules of of the game, they will not win. The rules of society right now. They will be stuck in student debt. They will be stuck in a in a bunch of problems that are... They've been watching this through YouTube. They've been reading about it on on social media. They've been seeing that we have a spun era of of Elon's, of innovation, of Edison people, mindsets that it's allowing the mind to really flow. And surprisingly, capital is right now historically levels of almost unlimited capital access. Especially if you're younger, there's even more capital than before. It's a perfect scenario for this generation to really create and take risk in ways that you cannot imagine. Funny enough, when you talk to them the most, you will find that a lot of them feel that working on software alone is boring. It's not fun. It's not challenging enough. They want to build physical objects. They want to touch materials. They want to get their hands dirty in building stuff that will actually matter and get to our hands one way or the other. Which is super interesting because that was not the generation of the last fifteen, twenty years. Everybody was trying to go capital light. Everybody was trying to build software only, and try to go through the cycles as fast as you can. This generation is not afraid of getting their hands dirty. So it's super interesting to see the behaviors. What's the difference? Why? I don't know. Like, maybe they just find that they grew up with a phone, they grew up with a tablet, they grew up with a computer, so it's not interesting enough to limit the world to just bits and bytes. Mhmm. But the more time I spend with them, the the biggest thing and the biggest question that I find asking them is... Because the oldest of this generation are probably 25, 26, the younger are 18. You ask them, what were you doing during COVID? And that is the most fascinating question. The most successful ones right now were the ones that during COVID were learning. And were on YouTube, sucking information about anything and learning about everything in life. So when they go and and build companies, they find that first they're naive, so anything's possible. Second, technology is there, so anything's possible.
00:31:59 · Micky Malka, David Senra
Third, if you're older, you got knowledge and you got wisdom, but you may not have the motivation. So he... They need to find out how to bring that from people. And so what you're starting to see is that the best ones are attracting some of the best older people to come join them because they feel that magnet. [00:32:20] S0: So the younger people are recruiting the older ones. [00:32:22] S1: Yes. And making them work in little hubs of two or three with two young ones. They're pairing them. Two 22 year old kids with somebody much later working in teams together. And that's where they're jelling between their knowledge of the new ways of operating systems with the knowledge that you need from twenty years of experience. [00:32:47] S0: If you play this out over the next five, ten years, aren't they gonna have a massive technical advantage too? Because me and you use AI a lot, but we have other stuff going on in our lives where they can live and breathe it 20 fourseven. [00:32:58] S1: Yes, and they will. And we just got what this year high school class, sorry, college class is the first one that actually went to college and had AI for four years. We just started. The senior class, the rising senior of college, it's the first class ever that probably used ChatGPT to write an essay to get to college.
00:32:58 · Micky Malka, David Senra
[00:32:58] S1: Yes, and they will. And we just got what this year high school class, sorry, college class is the first one that actually went to college and had AI for four years. We just started. The senior class, the rising senior of college, it's the first class ever that probably used ChatGPT to write an essay to get to college. [00:33:21] S0: I keep asking questions about these... The young people that you hang out with because I've had founders, like, literally in their mid thirties. And they're the technical leaders of their... These really successful companies. They're like, I don't know if I can do this anymore. I'm too old. Like, what do you think you're too old? You're 35 years old. They're like, yeah. They think I'm gonna get smoked by a 24 year old.
00:33:21 · David Senra, Micky Malka
[00:33:21] S0: I keep asking questions about these... The young people that you hang out with because I've had founders, like, literally in their mid thirties. And they're the technical leaders of their... These really successful companies. They're like, I don't know if I can do this anymore. I'm too old. Like, what do you think you're too old? You're 35 years old. They're like, yeah. They think I'm gonna get smoked by a 24 year old. [00:33:39] S1: I don't think you're too old, to be honest. And I don't feel old, I I feel I can I can I can still play the game? But you gotta understand that you gotta play a different game. You cannot keep playing the same game that you were playing in your twenties or in your thirties. You gotta understand that the way these dynamics work and what you can bring to them is very different. What can you bring to them? Wisdom. Knowledge, give them experiences, stuff that they don't understand. By the way, the best ones, they still lack and they have to refine its taste. They gotta be able to articulate how to build something beautiful. That's not easy. And it's something that we've lost in society, it's ability to build beautiful stuff. Silicon Valley has lost that ability a long time ago, and we have to bring it back. I'm hoping this generation is the one that spends time thinking how to deliver beautiful experiences. [00:34:29] S0: Say more about Silicon Valley losing the ability to build beautiful things.