Sam Hinkie - Find Your People
by Patrick O'Shaughnessy
By far one of the highest ROI uses of your time listening to this podcast in its entirety. Sam Hinkie had worked for more than a decade with the Houston Rockets and Philadelphia 76ers. Currently, he’s the founder and managing director at Eighty-Seven Capital, a venture firm he recently launched.
Here were some of my favorite quotes and takeaways from Patrick and Sam’s episode:
Sam on interviewing: “I usually take the approach I can learn something from anyone. Whoever’s sitting across the table from me is getting my utmost attention and I suspect I can learn something that they know about the world. And I’m not just trying to evaluate them. I’m trying to learn at the same time.”
- “All interviewing should be a matchmaking game of who they are and how they see themselves and where they want to be and is this is a fit.”
- Hiring must be done carefully because who you let in on day 1 is who sets the tone for the rest of the hires. Sam says, “amazing people are often drawn to be around other amazing people.” It’s a loop.
“One of the things I want to do is compound trust with a relatively small set of people over a long period of time…shouldn’t you be trying to play a more infinite game, where everyone trusts each other more and more, and you’re trying to compound that trust over time? The very notion of that, a lot of people are uninterested in.” — Sam Hinkie
Quality of relationships drives more change than hierarchy does. This piece of advice translates to many places.
Managing people is pretty straightforward (still not easy, but straightforward). “One of the best things I think you can do as a manager is to be good for the careers of the people who report to you. And I think the best way to convince them you’re good for their careers is to actually be good for their careers and to actually help them in a bunch of ways…” — Sam Hinkie
“If your goal is to build an enduring company that compounds over decades, you’re going to have to evolve yourself many, many, many times to get there.” — Sam Hinkie
Building trust with other people is showing those people unconditional love. You must care genuinely about those people to build trust. Sam says, “People reciprocate and people flourish in that kind of environment. And the harvest from those kinds of things are super meaningful.”
My two cents: It was pretty surreal to see Sam on one of my favorite podcasts “Invest Like the Best.” And if you weren’t aware, ILTB’s website is now under joincolossus.com with the ability to search by any previous guest or topic (transcripts included). It’s truly incredible. “Our goal is to become the destination to learn about business building and investing.”
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