Luis Derechin

Bio

Luis Derechin is a serial entrepreneur, global talent strategist, and author of "The Nearshore Edge: How Smart Companies Scale With Latin American Talent." As the founder and CEO of Nir-Yu, Luis created the REMOTE Intelligence framework, helping ambitious startups and mid-market enterprises access top talent while cutting costs by up to 70%.

Intro

The salient point of today's discussion is that a staggering 73% of offshore or nearshore projects culminate in failure, a statistic that underscores the critical need for a paradigm shift in hiring practices for startups. I, Jothy Rosenberg, am joined by the esteemed Luis Derechin, a repeat entrepreneur who has navigated the complexities of building successful teams across borders. Luis shares his transformative revelation that extending a startup's runway is not solely reliant on securing additional funding, but rather hinges on rethinking talent acquisition strategies. By leveraging the vast pool of world-class talent available in Latin America, companies can dramatically reduce operational costs while fostering real-time collaboration. This episode, marking our centenary, is a profound exploration of effective hiring practices that can significantly enhance a startup's prospects for success.

Conversation

The conversation with Luis Derechin, a seasoned entrepreneur and founder of Nir-yu, delves into the pressing issue of talent acquisition in the startup ecosystem. With a staggering 73% of offshore projects failing, Derechin posits that the solution to extending a startup's runway may not lie solely in securing additional funding but rather in strategically rethinking hiring practices. He shares his personal journey from selling candy as a child to successfully raising venture capital for his tech startup in Mexico. Derechin advocates for hiring Latin American talent, which not only reduces costs significantly but also facilitates real-time collaboration across time zones, thereby enhancing the effectiveness of agile methodologies. The episode culminates in a discussion about the critical importance of intentionality in hiring, integration, and communication, emphasizing that remote workers must feel connected to the company's culture to thrive and contribute effectively. This episode serves as a valuable resource for entrepreneurs grappling with the complexities of building and sustaining their teams in an increasingly competitive landscape.

Takeaways

• The podcast reveals that a staggering 73% of offshore or nearshore projects ultimately fail, underscoring the critical importance of effective management and strategy in such ventures.
• Luis Derechin emphasizes that extending a startup's runway may be more about rethinking hiring strategies, particularly by sourcing talent from Latin America at more sustainable costs.
• Effective communication and cultural understanding are essential for the success of remote teams, especially when integrating talent from diverse geographical locations.
• The discussion elaborates on the significance of real-time collaboration, highlighting how working within similar time zones can enhance team dynamics and productivity.
• The concept of 'grit' is explored, suggesting that resilience and a deep-seated determination to succeed are key traits among successful entrepreneurs in the startup ecosystem.
• Luis shares insights on a framework for remote team success, which includes rigorous talent selection and optimized team performance as pivotal components.

• LinkedIn
• Nir-Yu | Your nearshore staffing...

Lubna Hameed

Bio

Lubna Hameed is a fractional design leader who helps early-stage startups go from blank brief to product market fit without accumulating creative debt. As the co-founder of The Company Advice, she leads design across product and web in partnership with marketing from day one—keeping the message and the experience in sync.

Her work spans user flows, information architecture, UX writing, and polished UI—all grounded in fast learning, intentional structure, and measurable impact. Previously Director of Design at Particle Health, Lubna built the design function from zero to one and shipped web and mobile experiences across complex healthcare workflows.

She’s known for her “designer who loves data” mindset, her no fluff approach to discovery, and her belief that design isn't just how it looks—it’s how it works, converts, and earns trust.

Summary

The central theme of this podcast episode revolves around the critical understanding that early-stage startup founders often fall prey to the debilitating misconception that their product must attain a state of perfection prior to its launch. Lubna Hameed, an esteemed expert in guiding startups from inception to product-market fit, articulates the imperative that readiness should not be equated with flawlessness, but rather with the clarity of objectives and the willingness to learn from iterative processes. Drawing from her extensive experience as the founder of Advice, she emphasizes the detrimental effects of delaying launches in pursuit of an ideal product, which frequently results in missed opportunities and wasted resources. We delve into the necessity of integrating design and marketing from the outset, highlighting that these functions must collaborate closely to ensure a cohesive user experience. This episode is essential for founders who are contemplating their next steps in navigating the tumultuous waters of startup development, particularly those grappling with the question of when their product is truly ready for the market.

Notes

The dialogue between Jothy Rosenberg and Lubna Hameed delves into the challenges that early-stage startup founders encounter, particularly the common pitfall of striving for perfection before launching a product. Hameed emphasizes that many founders erroneously believe that they must await a flawless product before entering the market, which can ultimately derail their startup aspirations and hinder potential growth. Instead, she advocates for a mindset centered on iterative learning: the notion that each launch, irrespective of its perceived completeness, serves as a crucial opportunity for gathering invaluable user feedback and insights. The conversation elucidates the significance of clarity regarding the target audience, the problems being addressed, and the metrics of success. Hameed's insights are rooted in her extensive experience in working alongside various startups, where she has observed firsthand the transformative power of launching minimally viable products and utilizing the ensuing data to inform future iterations. This episode serves as a clarion call for founders to embrace the learning process inherent within the launch experience, rather than being paralyzed by the fear of imperfection.

Takeaways

• The fundamental principle for startup founders is that they must prioritize learning over achieving a state of completion when launching their products.
• Perfectionism acts as a significant barrier to progress; one should focus on iterative development rather than waiting for an ideal product.
• Integrating marketing and design from the outset is crucial; these functions must collaborate closely to ensure a cohesive user...

Richard Sides

Bio

Richard Sides is Founder and CEO of Adroit North America and Adroit Hardware Solutions. Adroit North America was recently named to the Inc5000 at #1026 representing annual growth in excess of 40%. Rich is a driven entrepreneur that has founded and exited multiple ventures, some more successful than others including lawn care, systems consulting, an E-Commerce based chocolate truffles business, foreign language translations, supply chain software, ERP systems reseller, and plant floor computing hardware and integration. He has a passion for the food and beverage industry having started his career at Kraft Foods in 1990 and serving as SVP Of Information Systems at Preferred Meal Systems. He formed a jazz band called Blue Orbit Combo in 2019 that plays regularly through the Chicago area and speaks decent Spanish which he started to learn about 15 years ago.

Intro

Richard Sides’ transformative journey from a timid engineer to a successful entrepreneur underscores a pivotal revelation about career security: corporate loyalty is an illusion. This profound realization was catalyzed by witnessing his father’s abrupt termination after three decades at U.S. Steel, an experience that imbued him with a steadfast resolve to forge his own path. Throughout our conversation, Richard recounts his evolution, detailing how he overcame his introversion by immersing himself in consulting, ultimately leading to the establishment of multiple thriving enterprises within the food industry. He elucidates the critical importance of cultivating resilience and adaptability in the face of challenges, as well as the necessity of creating one’s own security through skills and relationships. Join us as we delve into Richard’s insights, which illuminate the intricate interplay between personal growth and entrepreneurial success.

Conversation

Richard Sides' journey from a seemingly secure corporate environment to the precarious realm of entrepreneurship unfolds like a compelling narrative, punctuated by significant life events that shaped his perspective on career security. At the tender age of seventeen, Richard witnessed the abrupt termination of his father's three-decade career at US Steel, an event that indelibly altered his understanding of corporate loyalty and job security. This pivotal moment instilled in him a profound conviction to never relinquish control over his professional destiny. As the discussion progresses, we delve into Richard's evolution from a shy, introverted engineer who struggled with interpersonal interactions to a formidable entrepreneur who has successfully launched multiple ventures in the food industry. His decision to pursue consulting as a means of personal growth is a testament to his resolve to confront and overcome his inherent challenges. Through his experiences, Richard elucidates the importance of cultivating skills, fostering relationships, and embracing calculated risks to build one's own security and autonomy in an ever-changing job market.

Takeaways

• The notion of corporate loyalty is fundamentally flawed; individuals must cultivate their own security and resilience.
• Richard's early experience with his father's sudden job loss profoundly influenced his entrepreneurial journey and career decisions.
• To achieve personal growth, one must confront discomfort; Richard's choice to pursue consulting forced him to overcome his introverted tendencies.
• Success in entrepreneurship relies on mastering delayed gratification; setting long-term goals allows for sustained effort and achievement.
• Building optionality through skills and relationships is critical; do not wait for unforeseen...