B&P #40: Eric Schmidt: “Hire for intelligence, not for experience!”

This week’s podcast guest has shaped the legend of Google, served in the epicenter of Silicon Valley for almost 20 years and led Google’s expansion into all aspects of our lives: Eric Schmidt, the former Google Inc. CEO & executive chairman. And in our show he’s offering a rare look inside his playbook – from how to systematically harness world-changing ideas to establishing a culture of agility and excellence in your startup. For this conversation that we recorded during our Bits & Pretzels Networking Week the Google billionaire joined us live from his apartment in New York and he shared the key learnings that have helped him building his impressive career in tech: from 1) why founders should try building smaller businesses that can be linked together, rather than focussing on one big project, to 2) the one skill every entrepreneur should acquire right now and 3) what European startups can do to catch up with Silicon Valley. Because, as Schmidt points out, creativity and quality of talent in Europe is “exceptional”, the challenge lies more in the restrictions and rules founders face set by the European laws regarding privacy for example. Another problem he sees is the underfunding of universities and especially the graduate programmes as that where the talent is usually coming from. More to explore: Stay updated on news & insights from us about founders, startups in Bavaria, Austria & Switzerland at www.bitsandpretzels.com. Signup for our media newsletter to get the next episode of this podcast delivered right to your inbox: www.bitsandpretzels.com/media-signup. Hosts: Britta Weddeling (@bweddeling), Editor-in-Chief of Bits & Pretzels (@bitsandpretzels) Featuring: Eric Schmidt (@ericschmidt), former Executive Chairman & CEO Google and founder of Schmidt Foundation Follow us: Twitter: @bitsandpretzels Linkedin: https://www.linkedin.com/company/bits-&-pretzels If you like the show, please let us know by leaving a review. You can also send us feedback at [email protected]. Production: professional-podcasts.com (Regina Körner, Migo Fecke), Sophie Dechansreiter & Dina Zhakupova.