The NFX Podcast
The NFX Podcast
We believe creating something of true significance starts with seeing things others do not. NFX is a venture firm exclusively focused on pre-seed & seed stage startups.
James CurrierPete FlintOmri Amirav-DroryMorgan BellerGigi Levy-Weiss
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Eynat Guez & Gigi Levy-Weiss on 7 Mental Shifts For Hiring Now

E139 • Oct 28, 2021 • 58 mins

In this episode, Gigi Levy-Weiss converses with Eynat Guez about the effects of remote work on global hiring and company culture, the influence of a founder's personality on recruitment strategies, and the challenges in automating processes. They discuss the importance of early planning in startups, the potential impact of crypto on payroll, and the transition from founder to CEO. They also touch on balancing personal life with startup demands and the role of female leadership in tech.

Key Points

  • Eynat Guez, co-founder and CEO of Papaya Global, emphasizes the importance of balancing automation and manual processes in the payroll industry while focusing on customer experience and addressing real user pain points.
  • Scaling a startup requires planning ahead, being open to restructuring the organization, and hiring individuals more experienced than yourself to guide growth and instill effective processes.
  • Eynat Guez advises female founders to be prepared for the compromises that come with balancing personal life and business growth, while asserting that no one else should dictate their capabilities or decisions in their entrepreneurial journey.

The Covid pandemic removed barriers to global hiring and remote team building. It exposed startups, by necessity, to all-new solutions for growing and bonding their teams. Most companies advanced through the pandemic by stages: first survival mode, then waiting it out -- and now they are ready to fundamentally shift their hiring strategies to reflect our new reality. It’s clear now that there are lasting shifts in the market, and that Founders and CEOs need to update their mental models for hiring. Our guest today, Eynat Guez, sees this recent change in strategy more clearly than most. She’s the Co-Founder and CEO of Papaya Global, a global people & payroll platform, now valued at $3.7 Billion. Eynat is also the first-ever female CEO of a unicorn company in Israel. Her insights on hiring are twofold. First, she builds from her own experience rapidly scaling her global team to unicorn status during the pandemic. Second, from working directly with Papaya’s clients to grow their teams. Today she shares with us her set of mental models for building a world-class team -- wherever it may be.

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