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The more I think, the more I conclude that every company should define their own interview process. And further, this process will also change at each stage of the startup.
In general based on our experience at CutShort:
At an early stage, the focus should be on getting the right cultural fit. Your interview process should ensure that members bring complementary skills and whether they are driven by a larger vision to make an impact. They might lack some skills, but it's fine if they are fast learners.
At growth stage, the focus is more on specialization to give you full velocity. The interview process should emphasize more on ensuring relevant work experience and skills.
At a maturity stage, the focus is on skills + long term fitment of the person.
Makes sense?