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Book · How companies get built

High Growth Handbook

Elad Gil · 2018

A reference manual for the stage after product-market fit — hiring executives, managing boards, and the organisational problems that stall companies at Series A and B.

Why it is here

This is a practical handbook rather than a narrative, organised around the specific problems of scaling from tens to hundreds of people: when to hire executives, how to structure a board, when to fire someone, how to handle acquisitions.

The angel-relevant content is the board and executive material. Most seed companies that fail to become Series A companies do so because they could not make the organisational transition, not because the product was wrong, and this describes that transition in more operational detail than anything else on the list.

It also includes interviews with people who ran these functions at well-known companies, which makes it usable as a reference rather than requiring a linear read.

Read it if

You follow companies past seed and want to understand what happens next inside them.

Skip it if

You only invest at pre-seed and never follow on — the problems described are two rounds away.

Pair it withThe Hard Thing About Hard ThingsBen HorowitzAn unusually honest account of running a company through the periods when it is going badly — the part every other business book skips.

High Growth Handbook: common questions

Is this useful for an investor rather than an operator?
Yes, for the board and executive-hiring material specifically. The most common reason a good seed company fails to become a Series A company is an organisational transition it could not make, and this is the clearest description of that transition.
Does it need reading cover to cover?
No — it is organised as a reference, with interviews and sections you can read in isolation when a specific situation arises in a portfolio company.