Mike Walrath “was supposed to write novels.” Instead, he got into digital ad sales, started Right Media, which became an online ad exchange that he sold to Yahoo in 2007 for $850 million. In this Founder Stories video, he answers some rapid fire questions from host Chris Dixon about startup advice, hiring, and investing.
“Don’t try to solve a problem that you don’t fully understand,” he warns would-be entrepreneurs. He speaks from experience, having dabbled in the broken independent film industry after he left Yahoo. Now, the startup world is pulling him back in. He recently became the chairman of Yext, and is involved with some smaller projects as well.
Walrath admits, “I was never qualified for any job I got in my life.” But the most important thing is to keep on learning. His No. 1 piece of hiring advice for startup CEOs is to figure put how fast a candidate can learn new things.